Range Resources — Oct 22, 2024 release

    Updated Full Year 2024 Expense Guidance   Direct operating expense: $0.11 - $0.12 per mcfe Transportation, gathering, processing and compression expense: $1.48 - $1.50 per mcfe Taxes other than income: $0.03 - $0.04 per mcfe Exploration expense: $22 - $28 million G&A expense: $0.17 - $0.18 per mcfe Net Interest expense: $0.13 - $0.14 per mcfe DD&A expense: $0.45 - $0.46 per mcfe Net brokered gas marketing expense: $8 - $12 million Updated 2024 Price Guidance   Based on recent market indications, Range expects to average the following price differentials for its production.       FY 2024 Natural Gas: (1) NYMEX minus $0.39 to $0.40 FY 2024 Natural Gas Liquids: (2) MB plus  $2.10 to $2.35 per barrel FY 2024 Oil/Condensate: WTI minus $10.00 to $13.00   (1) Including basis hedging (2) Mont Belvieu-equivalent pricing based on weighting of 53% ethane, 27% propane, 8% normal butane, 4% iso-butane and 8% natural gasoline.   Hedging Status   Range hedges portions of its expected future production volumes to increase the predictability of cash flow and maintain a strong, flexible financial position. Please see the detailed hedging schedule posted on the Range website under Investor Relations - Financial Information.   Range has also hedged basis across the Company’s numerous natural gas sales points to limit volatility between benchmark and regional prices. The combined fair value of natural gas basis hedges as of September 30, 2024, was a net