Range Resources reports Q4 production average 2,207 Mmcfe per day

Range Resources announced Q4 expectations for production and pricing with Q4 production averaging approximately 2,207 Mmcfe per day. In addition, Range realized $8.0M in contingent derivative settlement gains in Q4. Q4 daily natural gas production averaged approximately 1,540 Mmcf per day. The average natural gas realization, including the impact of basis hedges, was $2.40 per mcf, a (48c) per mcf differential to NYMEX. The average natural gas price, including all settled hedges, was $2.68 per mcf. Q4 daily NGL production averaged approximately 104,038 barrels per day. NGL realizations were $24.91 per barrel, approximately $2.42 above the Mont Belvieu weighted equivalent. Q4 daily oil and condensate production averaged approximately 7,136 barrels per day. Crude oil and condensate price realizations, before realized hedges, averaged $67.72 per barrel, approximately $10.56 below WTI. The average condensate price, including settled hedges, was $63.42 per barrel.