HighGravityDataRange Resources — Oct 28, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-256135
Showing in the filing
Growth inventory (lateral feet) at exit of 2025
“greater than 400,000 lateral feet of growth inventory”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 24
SW PA Dry for FY2025
“5”
SW PA Wet for FY2025
“24”
NE PA Dry for FY2025
“4”
NGL differential for FY2025
“+$0.50 to +$0.75”
Condensate differential for FY2025
“($10.00) to ($15.00)”
Share repurchase program availability
“approximately $839 million”
Growth inventory (lateral feet) at exit of 2… for FY2025
“greater than 400,000 lateral feet of growth inventory”
SW PA Super-Rich for FY2025
“14”
Total Wells for FY2025
“10”
Planned TIL (Total Wells) for FY2025
“47”
All-in capital budget for FY2025
“$650 million - $680 million”
Annual production for FY2025
“approximately 2.23 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 - $1.52 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 (differential, including basis h… for FY2025
“NYMEX minus $0.40 to $0.43”
Natural Gas Liquids (differential) for FY2025
“MB plus $0.50 to $0.75 per barrel”
Oil/Condensate (differential) for FY2025
“WTI minus $10.00 to $15.00”
Exhibit 99.1 · the passage around this item
… earlier in the release
Total capital spending through third quarter was $491 million, representing approximately 74% of Range’s capital budget for 2025. During the quarter, Range drilled ~262,000 lateral feet across 16 wells, while turning to sales ~228,000 lateral feet across 15 wells. Range remains on track to exit 2025 with greater than 400,000 lateral feet of growth inventory to support announced growth plans. The table below summarizes expected 2025 activity plans regarding the number of wells to sales in each area.
YTD Wells TIL 3Q 2025
Remaining 2025
2025 Planned TIL
SW PA Super-Rich
8
6
14
SW PA Wet
20
4
24
SW PA Dry
5
-
5
NE PA Dry
4
-
4
Total Wells
37
10
47
Guidance – 2025 Updated Capital & Production Guidance Range’s 2025 all-in capital budget is $650 million - $680 million. Annual production is now expected to be approximately 2.23 Bcfe per day in 2025, updated from prior guidance of ~2.225 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 - $0.13 per mcfe
Transportation, gathering, processing and compression expense:
$1.50 - $1.52 per mcfe
$1.50 - $1.55 per mcfe
Taxes other than income:
$0.03 - $0.04 per mcfe
$0.03 - $0.04 per mcfe
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.