Range Resources Corporation Conger / Nora Exchange Presentation April 30, 2014 1
Executive Summary Nora Conger Trade Range Receives in Nora EQT Receives in Conger 138,000 net acres 73,000 net acres 41 Mmcf per day 28 Mmcfe per day Remaining 50% interest in 350 miles of gathering for 1,200 miles of pipeline and…
Nora Exchange Properties have significant Upside Multiple stack pays that include CBM, tight gas, and Devonian Shale Underdeveloped relative to adjacent properties in Virginia, West Virginia and Kentucky Improving well…
Range Increases Virginia Assets Current Additional Post-Close Interest Interest Interest Net Acreage 247,000 138,000 385,000 Daily Gas Production 70 Mmcf/d 41 Mmcf/d 111 Mmcf/d Resource Potential 3.2 Tcf 2.0 Tcf 5.2 Tcf Operated…
Nora Exchange Property Highlights Range receives approximately 41 Mmcf/d of net production plus operation of gathering system and 145 million cash Range will own a 100% WI / 97% NRI in Nora (including Ranges mineral interest) Low…
Nora Gas Bank Allows for optimal development Tight Gas Well Stacked Pay Horizons Coal Bed Methane Tight Gas Devonian Shale Rhinestreet, Utica, Trenton, and Knox (6,000-12,000 ft) Untested Potential 7
Range Controls 100% of Nora Gathering System Pipeline 1,200 miles Compression 68,000 HP (owned) 53 compressors at 19 locations Current throughput 100 Mmcf/d with 50 Mmcf/d of firm transport Gathering Capacity - 230…
Regional Increase in Gas Demand in the Southeast 3.0 Bcf/d of new Nora demand in VA, NC, SC, TN, GA, AL 1 Bcf/d of new demand in Virginia alone Nora is strategically positioned to provide gas to southeast markets Nora gas…
Significant Increase in Gas Demand Within 60 Miles of Nora Transco Zone 5 one of the best markets on East Coast Nora is strategically positioned to provide gas to new natural gas generated power plants 465 Mmcf/day of demand within…
Virginia Production Growth Through Drill Bit and Acquisition 140 Total Daily Net Production (Mmcf/day) 120 111 Mmcf/d after Nora/Conger Exchange 2014 100 Maintenance capital Mmcf/d 80 60 Reduced capital Nora II…
Ranges Assets Large foot print in 1 Million Net Acres in 3 areas Pennsylvania Stacked pay horizons in all 3 Full operational control Low risk, high return projects Multi-year 475,000 Net Acres in 360,000 Net Acres in…
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…
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