Range Resources — Feb 25, 2025 release

      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 daily production level of 2.6 Bcfe, an increase of approximately 400 Mmcfe per day compared to 2024, with annual estimated capital expenditures ranging between $650 to $700 million over the next three years. Annual capital spending is expected to represent a reinvestment rate below 50%, assuming $3.75 natural gas. Through 2027, Range expects to have maintained its 30+ years of core Marcellus inventory to support additional growth and meet future demand. Alternatively, at the end of this production profile, Range could maintain 2.6 Bcfe per day of production with approximately $570 million of annual drilling and completion capital, the equivalent of approximately $0.60 per mcfe.   Marketing and Transportation Update   Supporting Range’s planned production, the Company has secured the following incremental transportation, processing, and export capacity, all of which are expected to start in 2026:   • 300 Mmcf per day of processing capacity at the Harmon Creek facility • 250 Mmcf per day of gas transportation, accessing expected demand growth in Midwest and Gulf Coast markets • 20,000 bbl per day of NGL takeaway and export capacity utilizing a new East Coast terminal     Financial Discussion   Except for generally accepted accounting principles (“GAAP”) reported amounts, specific expense categories exclude non-cash impairments, unreal