Range Resources — Feb 25, 2025 release

We believe Range will see an outsized benefit given our proven, high-quality Marcellus inventory with duration measured in decades, our access to markets with growing demand and our advantaged full-cycle cost structure that provides the foundation for delivering through-cycle returns for shareholders.”     2025 Capital and Production Guidance   Range’s 2025 all-in capital budget is expected to be $650 to $690 million, which consists of:   • Approximately $530 million of all-in maintenance capital including land and facilities • $70 - $100 million drilling and completion capital for future growth • Up to $30 million on targeted acreage which increases planned lateral lengths and future inventory • Approximately $20 - $30 million for pneumatic devices and facility upgrades   Range’s development plan for 2025 will target annual production of approximately 2.2 Bcfe per day. Consistent with 2024, Range plans to run two drilling rigs and one frac crew resulting in modest production growth in 2025 while building additional in-process well inventory for increased growth capacity in 2026 and 2027. Up to $30 million is planned for investment in non-maintenance acreage to support increased lateral lengths and incremental inventory. Approximately $20 - $30 million is planned for pneumatic devices and production facility upgrades, part of a $50 - $60 million project expected to be completed by year-end 2026 to further reduce emissions, with $10 million of the total project already completed in 2024.       The table below summarizes 2024 activity and expected 2025 plans regarding the number of wells to sales in each area. To maintain current production levels, Range will turn to sales approximately 600,000 lateral feet in a year.       Planned Wells TIL in 2025   Wells TIL in 2024           SW PA Super-Rich   14   9 SW PA Wet   23   21 SW PA Dry   5   12 NE PA Dry   4   2      Total Appalachia   46   44     Three-Year Outlook   Range’s three-year outlook targets a 2027