HighGravityDataRange Resources — Jul 22, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000950170-25-097761
Showing in the filing
SW PA Super-Rich
“3”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 27
SW PA Wet for FY2025
“12”
SW PA Dry for FY2025
“5”
NE PA Dry for FY2025
“4”
Natural gas differential to NYMEX for FY2025
“($0.40) to ($0.48)”
NGL differential for FY2025
“+$0.40 to +$1.25”
NGL differential to Mont Belvieu equivalent for FY2025
“+$0.40 to +$1.25”
Condensate differential for FY2025
“($10.00) to ($15.00)”
Condensate differential to NYMEX for FY2025
“($10.00) to ($15.00)”
Share repurchase program availability
“approximately $900 million”
Capital guide (high-end) for FY2025
“$680 million”
SW PA Super-Rich for FY2025
“3”
Total Wells for FY2025
“24”
Activity plans - total wells to sales for FY2025
“46”
All-in capital budget for FY2025
“$650 million - $680 million”
Annual production for FY2025
“approximately 2.225 Bcfe per day”
Liquids percentage of production for FY2025
“over 30%”
Direct operating expense for FY2025
“$0.12 - $0.13 per mcfe”
Net Interest expense for FY2025
“$0.12 - $0.13 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 - $0.18 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 Liquids price differential for FY2025
“MB plus $0.40 to $1.25 per barrel”
Oil/Condensate price differential for FY2025
“WTI minus $10.00 to $15.00”
Taxes for FY2025
“approximately 23%”
Exhibit 99.1 · the passage around this item
… earlier in the release
The table below summarizes expected 2025 activity plans regarding the number of wells to sales in each area.
Wells TIL 1H 2025
Remaining 2025
2025 Planned TIL
SW PA Super-Rich
5
3
8
SW PA Wet
17
12
29
SW PA Dry
0
5
5
NE PA Dry
0
4
4
Total Wells
22
24
46
Guidance – 2025 Updated Capital & Production Guidance Range’s 2025 all-in capital budget is now $650 million - $680 million, improved from prior guidance of $650 million - $690 million. Annual production is now expected to be approximately 2.225 Bcfe per day in 2025, updated from prior guidance of ~2.2 Bcfe per day. Liquids are expected to be over 30% of production. Updated Full Year 2025 Expense Guidance
Updated Guidance
Prior Guidance
Direct operating expense:
$0.12 - $0.13 per mcfe
$0.12 - $0.14 per mcfe
Transportation, gathering, processing and compression expense:
$1.50 - $1.55 per mcfe
$1.50 - $1.55 per mcfe
Taxes other than income:
$0.03 - $0.04 per mcfe
$0.03 - $0.04 per mcfe
Exploration expense:
$24 - $28 million
$24 - $28 million
G&A expense:
$0.17 - $0.18 per mcfe
$0.17 - $0.19 per mcfe
Net Interest expense:
$0.12 - $0.13 per mcfe
$0.12 - $0.13 per mcfe
DD&A expen
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.