SunTrust Robinson Humphrey 2013 Play-by-Play Oil & Gas Conference Rodney Waller - SVP May 30, 2013
1 Million Net Acres Prospective for Shale in PA Northwest 315,000 net acres(1) 89% HBP Northeast 145,000 net acres 69% HBP Greater Pittsburgh Southwest 540,000 net acres(2) 51% HBP Note: Townships where Range…
Southwest PA Ranges 540,000 Net Acres are Highly Prospective Approximately 1,650 wells likely have Beaver Butler Armstrong Indiana defined the productive Allegheny limits of the Marcellus (1,150 horizontal & 500 vertical)…
Southwest PA Large Upside Potential Small Percentage of Acreage Drilled Prospective acreage 540,000 Assumed spacing 80 acres Potential Marcellus Shale locations 6,750 Producing horizontal wells 430 Drilled wells divided by…
Southwest PA Wet Marcellus Over 200 wells placed on Super-Rich production in wet gas area 110,000 acres over the last four years with Wet Gas varying lateral lengths and 220,000 acres frac stages As of the end of 2012, Range has…
SW PA Wet Marcellus Projected Development Mode Economics Southwestern PA (wet gas case) with Reserves and economics based on planned 2013 activity of 3,200 foot Pennsylvania State Impact Fee lateral length with 13 frac stages EUR…
SW PA Wet Area Marcellus Type Curve Performance for 3,200 foot lateral, 13 frac stages with projected EUR 8.7 Bcfe 10,000 mcf/day (residue gas) W/O ETHANE 1,000 W/ ETHANE W/ ETHANE bbls/day Estimated Cumulative…
Southwest PA Super-Rich Marcellus Range plans to add more frac Super-Rich stages to wells drilled in the 110,000 acres super-rich area in 2013 Wet Gas As of the end of 2012, Range 220,000 acres has turned to sales 51 super- rich…
SW PA Super-Rich Area Marcellus Projected Development Mode Economics Southwestern PA (High BTU case) with Reserves and economics based on Pennsylvania State Impact Fee planned 2013 activity of 3,800 foot lateral length with 18 frac…
SW PA Super-Rich Area Marcellus Type Curve 10,000 Historical 2012 performance for 3,800 foot laterals and 15 mcf/day (residue gas) frac stages with projected EUR 1.32 Mmboe W/O ETHANE 1,000 W/ ETHANE W/ ETHANE…
Innovative NGL Marketing Mariner East & West have access to international markets and premium export Ethane/Propane can be tied into NE markets or be pricing for future contracts Ethane export to exported internationally Canada 2013…
Ethane Ship Currently Being Used by Evergas Photo Courtesy of Evergas 14
Marcellus Condensate Pricing Ranges condensate pricing in Appalachia has improved each year Realized Marcellus Condensate Prices since 2010 Condensate WTI Oil Marcellus Condensate as bbls/d Price Condensate Price % of WTI Condensate…
Shale Wells Drilled and Permitted LegendLegend RANGE ANADARKO CHEVRON/CHIEF SW Super-Rich Area CABOT CHESAPEAKE CHIEF CONSOL ECA EOG EQT Wet Area EXCO REX SHELL TALISMAN ULTRA XTO/EXXON/PHILLIPS OTHERS LARGER DOTS…
Marcellus Take Away Capacity Summary Incremental capacity: +10.7 Bcfd West & Northwest North & Northeast TETCO/DTE/Enbridge NEXUS Pipeline Empire Tioga Expansion Phase II TETCO U2GC Constitution Pipeline Kinder Morgan REX Marcellus…
Contact Information Range Resources Corporation 100 Throckmorton, Suite 1200 Fort Worth, Texas 76102 Main: 817.870.2601 Fax: 817.870.2316 Rodney Waller, Senior Vice President rwallerrangeresources.com David Amend, Investor…