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.
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