Range Resources sees FY23 all-in capital budget $570M-$615M

Range is targeting a maintenance program in 2023, resulting in approximately flat production at 2.12-2.16 Bcfe per day, with ~30% attributed to liquids production. Range’s 2023 all-in capital budget is $570M-$615M. Updated FY23 expense guidance include: Direct operating expense 11c-13c per mcfe; transportation, gathering, processing and compression expense $1.43-$1.46 per mcfe; taxes other than income 4c-5c per mcfe; exploration expense $22M-$28M; G&A expense 17c-19c per mcfe; interest expense 14c-16c per mcfe; DD&A expense 46c-48c per mcfe; net brokered gas marketing expense $0M-$5M.