Top Story | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2022
Range Resources to Complete 63 Net Wells in 2022; Down 7% vs. 2021
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Range Resources reported its 2022 capital plan and guidance.
2022 Plan- Capex: $460-480 million - up 14% vs. 2021
D&C: $425-445 million Land & Other: $35 million- Well Plans: Drill / Complete 63 net wells - down 7% vs. 2021
SW Pennsylvania: Drill / Complete 54 net wells NE Pennsylvania: Drill / Complete 9 net wells- Production: 2,120-2,160 Mmcfe/d - flat vs. 2021
2022 Guidance and Return of Capital Highlights:
Annual cash dividend of $0.32 per share ($0.08 quarterly), or an approximate 1.5% dividend yield based on recent share price, expected to begin in second half 2022 Authorization of $500 million share repurchase program, or approximately 10% of outstanding shares based on recent market capitalization, effective immediately 2022 capital budget of $460 to $480 million…- ✓ Full news archive — U.S., Canada & international coverage
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