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
Total Wells
“24”
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
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 expense:
$0.45 - $0.46 per mcfe
$0.45 - $0.46 per mcfe
Net brokered gas marketing expense:
$8 - $12 million
$8 - $12 million
Updat
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.