HighGravityDataRange Resources — Apr 22, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000950170-25-057068
Showing in the filing
Annual production
“approximately 2.2 Bcfe per day”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 25
SW PA Dry for FY2025
“5”
NE PA Dry for FY2025
“4”
Natural gas differential to NYMEX for FY2025
“($0.40) to ($0.48) relative to NYMEX”
NGL price relative to Mont Belvieu for FY2025
“+$0.25 to +$1.25 relative to a Mont Belvieu equivalent barrel”
Condensate differential for FY2025
“($10.00) to ($15.00)”
Condensate differential to NYMEX for FY2025
“($10.00) to ($15.00) relative to NYMEX”
Share repurchase program availability
“approximately $949 million”
Exit 2025 surplus lateral feet inventory for FY2025
“~400,000 lateral feet of surplus inventory”
SW PA Wet for FY2025
“19”
Total Wells for FY2025
“36”
Total Wells - 2025 Planned TIL for FY2025
“46”
All-in capital budget for FY2025
“$650 million - $690 million”
Annual production for FY2025
“approximately 2.2 Bcfe per day”
Liquids percentage of production for FY2025
“over 30%”
Direct operating expense for FY2025
“$0.12 - $0.14 per mcfe”
Transportation, gathering, processing and co… for FY2025
“$1.50 - $1.55 per mcfe”
Taxes other than income for FY2025
“$0.03 - $0.04 per mcfe”
Exploration expense for FY2025
“$24 - $28 million”
G&A expense for FY2025
“$0.17 - $0.19 per mcfe”
Net Interest expense for FY2025
“$0.12 - $0.13 per mcfe”
DD&A expense for FY2025
“$0.45 - $0.46 per mcfe”
Net brokered gas marketing expense for FY2025
“$8 - $12 million”
Natural Gas for FY2025
“NYMEX minus $0.40 to $0.48”
Natural Gas Liquids for FY2025
“MB plus $0.25 to $1.25 per barrel”
Oil/Condensate for FY2025
“WTI minus $10.00 to $15.00”
Exhibit 99.1 · the passage around this item
… earlier in the release
The project plans to utilize modular, scalable power generation systems and Marcellus natural gas, which has an advantaged emissions profile versus other basins in the U.S.
Guidance – 2025 Capital & Production Guidance Range’s 2025 all-in capital budget is $650 million - $690 million. Annual production is expected to be approximately 2.2 Bcfe per day in 2025. Liquids are expected to be over 30% of production. Full Year 2025 Expense Guidance
Direct operating expense:
$0.12 - $0.14 per mcfe
Transportation, gathering, processing and compression expense:
$1.50 - $1.55 per mcfe
Taxes other than income:
$0.03 - $0.04 per mcfe
Exploration expense:
$24 - $28 million
G&A expense:
$0.17 - $0.19 per mcfe
Net Interest expense:
$0.12 - $0.13 per mcfe
DD&A expense:
$0.45 - $0.46 per mcfe
Net brokered gas marketing expense:
$8 - $12 million
Updated Full Year 2025 Price Guidance Based on recent market indications, Range expects to average the following price differentials for its production in 2025.
FY 2025 Natural Gas: (1)
NYMEX minus $0.40 to $0.48
FY 2025 Natural Gas Liquids: (2)
MB plus $0.25 to $1.25 per barrel
FY 2025 Oil/Condensate:
WTI minus $10.00 to $15.00
(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
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.