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Ranger/Penn Virginia Provides Production Update

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Ranger/Penn Virginia Provides Production Update

Ranger Oil Co formerly known as Penn Virgina announced an operational update.

Preliminary Third Quarter 2021 Operational and Financial Update

The operational and financial results below represent results through September 30, 2021, and do not include the Lonestar Resources acquisition which closed October 5, 2021.

Sold 20,429 barrels of oil per day ("bbl/d") for the third quarter of 2021, slightly exceeding the mid-point of guidance. Total sales volumes for the third quarter of 2021 were 25,483 barrels of oil equivalent per day ("boe/d"); Realized a third quarter 2021 oil price of $68.10 per barrel, or $57.15 per barrel including effects of derivatives, net Incurred capital expenditures of approximately $59 million on drilling and completion activities, which was slightly below the…
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