Range Resources Corp Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2016

 Published On: Jun, 2017 |    No of Pages: 107 |  Published By: GlobalData | Format: PDF
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Summary

Range Resources Corp (Range) is independent oil, natural gas and natural gas liquids (NGL) company that explores, develops, and acquires natural gas and oil properties in the US. It has oil and gas properties in the Appalachian basin and Northern Louisiana of the US. Range's natural gas and oil operations are concentrated in the Appalachian region of the northeastern US, primarily in the Marcellus Shale in Pennsylvania. It also operates in the Texas Panhandle, Anadarko Basin of western Oklahoma, the Nemaha Uplift of Northern Oklahoma and Kansas. The company's properties in North Louisiana are located in the Lower Cotton Valley formation which extends across East Texas, Louisiana and Southern Arkansas. It sells natural gas to utilities, marketing and midstream companies and industrial users. The NGLs production is sold to natural gas processors or users of NGLs; and oil and condensate production is sold to crude oil processors, transporters and refining and marketing companies. Range is headquartered in Fort Worth, Texas, the US.

Range Resources Corp Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Scope

The report provides in-depth analysis and insights into companies' capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company's oil and gas reserves and production information by country. It further consists of in-depth information on the company's expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company's share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors' financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry's players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Range Resources Corp, Valuation and Financial Data 8
Range Resources Corp, Share Price Performance 8
Share Price Performance, Q4, 2015-Q4, 2016 8
Range Resources Corp, Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Range Resources Corp, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q4, 2015-Q4, 2016 10
Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2015-Q4, 2016 11
Range Resources Corp, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Range Resources Corp, Quarterly Production Trends 13
Range Resources Corp, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q4, 2015-Q4, 2016 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 14
Range Resources Corp, Crude Oil Production 15
Total Crude Oil Production Trend, Q4, 2015-Q4, 2016 15
Crude Oil Production, By Country/Region, Q4, 2015-Q4, 2016 16
Range Resources Corp, Natural Gas Production 17
Total Natural Gas Production Trend, Q4, 2015-Q4, 2016 17
Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 18
Range Resources Corp, Valuation and Financial Data, 2012-2016 19
Range Resources Corp, Share Price Performance, 2012-2016 19
Share Price Performance, 2012-2016 19
Key Valuation Metrics, 2012-2016 20
Range Resources Corp, Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 23
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 26
Crude Oil Production and Reserves By Country/Region, 2012-2016 27
Crude Oil/Liquids Reserve Changes, 2012-2016 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2012-2016 30
Natural Gas Production and Reserves, By Country/Region, 2012-2016 31
Natural Gas Reserve Changes, 2012-2016 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 35
Range Resources Corp, E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2012-2016 37
Acquisition Costs By Country/Region, 2012-2016 38
Exploration and Development Costs, By Country/Region, 2012-2016 39
Oil and Gas Cost Per boe, US$/boe 41
Oil and Gas Cost Per boe, US$/boe, 2012-2016 41
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 43
Range Resources Corp, Reserve Replacement Ratio 45
Oil and Gas Production Replacement Ratio 45
Oil and Gas Production Replacement Ratio, 2012-2016 45
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 48
Range Resources Corp, Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2012-2016 52
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 54
Oil and Gas Revenue and Expenses, Per boe 59
Oil and Gas Revenue and Expenses, By boe, 2012-2016 59
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 60
Oil and Gas Performance Metrics 63
Range Resources Corp, Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2012-2016 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 65
Well Statistics 68
Producible Oil and Gas Well, 2012-2016 68
Producible Oil and Gas Well, By Country/Region, 2012-2016 69
Exploration and Development Wells Drilled, 2012-2016 74
Recent Developments 76
Range Resources Corp - Recent Developments 76
Apr 24, 2017: Range Announces First Quarter 2017 Financial Results 76
Apr 13, 2017: Range Resources Provides Quarterly Activities Report For Period Ended 31 March 2017 81
Apr 12, 2017: New U.S. Pipelines To Drive Natural Gas Boom As Exports Surge 84
Apr 05, 2017: Range Resources Provides Georgia Update 84
Mar 17, 2017: Range Provides Half-Yearly Report For 6 Months Ending 31 December 2016 85
Feb 22, 2017: Range Reports 2016 Earnings, Announces 2017 Capital Plans 93
Jan 27, 2017: Range Announces 22% Increase In Proved Reserves; Provides Update On Resource Potential And North Louisiana Extension Wells 99
Jan 09, 2017: Evergas Names 5Th Dragon Vessel 102
Jan 03, 2017: Range Issues Statement In Response To Press Release Issued By Chapter IV Investors Dated January 3, 2017 102
Nov 24, 2016: Range Resources: Resignation Of Director And Withdrawal Of AGM Resolution 103
Appendix 104
Methodology 104
Coverage 104
Secondary Research 104
Primary Research 105
Data Information Sources 105
Company Source 105
SEC/Other Regulatory Filings 105
Other Sources 105
Expert Panel Validation 105
Data Definition 106
Oil and Gas Reserves 106
Units of Measure 106
About GlobalData 107
Disclosure 107
Disclaimer 107

List of Tables
Table 1: Range Resources Corp, Key Facts 7
Table 2: Range Resources Corp, Share Price Performance, Q4, 2015-Q4, 2016 8
Table 3: Range Resources Corp, Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Table 4: Range Resources Corp, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Table 5: Range Resources Corp, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2015-Q4, 2016 11
Table 6: Range Resources Corp, Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Table 7: Range Resources Corp, Total Crude Oil and Natural Gas, Production, Q4, 2015-Q4, 2016 13
Table 8: Range Resources Corp, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 14
Table 9: Range Resources Corp, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 15
Table 10: Range Resources Corp, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 16
Table 11: Range Resources Corp, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 17
Table 12: Range Resources Corp, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 18
Table 13: Range Resources Corp, Share Price Performance, 2012-2016 19
Table 14: Range Resources Corp, Key Valuation Metrics, 2012-2016 20
Table 15: Range Resources Corp, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Table 16: Range Resources Corp, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 24
Table 17: Range Resources Corp, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 25
Table 18: Range Resources Corp, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Table 19: Range Resources Corp, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 28
Table 20: Range Resources Corp, Crude Oil Reserve Changes, mmbbl, 2012-2016 29
Table 21: Range Resources Corp, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Table 22: Range Resources Corp, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 32
Table 23: Range Resources Corp, Natural Gas Reserve Changes, bcf, 2012-2016 33
Table 24: Range Resources Corp, Oil and Gas Reserves Life Index, Years, 2012-2016 34
Table 25: Range Resources Corp, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 36
Table 26: Range Resources Corp, Upstream Capital Expenditure, US$ mil, 2012-2016 37
Table 27: Range Resources Corp, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 38
Table 28: Range Resources Corp, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 40
Table 29: Range Resources Corp, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 42
Table 30: Range Resources Corp, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 44
Table 31: Range Resources Corp, Oil and Gas Production Replacement Ratio, %, 2012-2016 46
Table 32: Range Resources Corp, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 51
Table 33: Range Resources Corp, Revenue and Expenses, US$ mil, 2012-2016 53
Table 34: Range Resources Corp, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 58
Table 35: Range Resources Corp, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 59
Table 36: Range Resources Corp, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 62
Table 37: Range Resources Corp, Oil and Gas Performance Metrics, 2012-2016 63
Table 38: Range Resources Corp, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 64
Table 39: Range Resources Corp, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 67
Table 40: Range Resources Corp, Producible Oil and Gas Wells, 2012-2016 68
Table 41: Range Resources Corp, Producible Oil and Gas Wells, By Country/Region, 2012-2016 73
Table 42: Range Resources Corp, Exploratory and Developed Wells, 2012-2016 75

List of Figures
Figure 1: Range Resources Corp, Share Price Performance, USD/Share, Q4, 2015-Q4, 2016 8
Figure 2: Range Resources Corp, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2015-Q4, 2016 9
Figure 3: Range Resources Corp, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Figure 4: Range Resources Corp, Upstream Capital Expenditure, US$ mil, Q4, 2015-Q4, 2016 12
Figure 5: Range Resources Corp, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2015-Q4, 2016 13
Figure 6: Range Resources Corp, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 14
Figure 7: Range Resources Corp, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 15
Figure 8: Range Resources Corp, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 16
Figure 9: Range Resources Corp, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 17
Figure 10: Range Resources Corp, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 18
Figure 11: Range Resources Corp, Share Price Performance, USD/Share, 2012-2016 19
Figure 12: Range Resources Corp, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 20
Figure 13: Range Resources Corp, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 21
Figure 14: Range Resources Corp, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 23
Figure 15: Range Resources Corp, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 23
Figure 16: Range Resources Corp, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 25
Figure 17: Range Resources Corp, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Figure 18: Range Resources Corp, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 27
Figure 19: Range Resources Corp, Oil Production, By Country/Region, mmbbl, 2012-2016 27
Figure 20: Range Resources Corp, Crude Oil Reserve Changes, mmbbl, 2016 29
Figure 21: Range Resources Corp, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Figure 22: Range Resources Corp, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 31
Figure 23: Range Resources Corp, Gas Production, By Country/Region, bcf, 2012-2016 31
Figure 24: Range Resources Corp, Natural Gas Reserve Changes, bcf, 2016 33
Figure 25: Range Resources Corp, Oil and Gas Reserves Life Index, Years, 2012-2016 34
Figure 26: Range Resources Corp, Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 35
Figure 27: Range Resources Corp, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 35
Figure 28: Range Resources Corp, Oil Reserve Life Index, By Country/Region, Ratio, 2012-2016 36
Figure 29: Range Resources Corp, Upstream Capital Expenditure, US$ mil, 2012-2016 37
Figure 30: Range Resources Corp, Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 38
Figure 31: Range Resources Corp, Development Costs, By Country/Region, US$ mil, 2012-2016 39
Figure 32: Range Resources Corp, Exploration Costs, By Country/Region, US$ mil, 2012-2016 39
Figure 33: Range Resources Corp, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 41
Figure 34: Range Resources Corp, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 43
Figure 35: Range Resources Corp, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 43
Figure 36: Range Resources Corp, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 45
Figure 37: Range Resources Corp, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 48
Figure 38: Range Resources Corp, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 48
Figure 39: Range Resources Corp, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 49
Figure 40: Range Resources Corp, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 49
Figure 41: Range Resources Corp, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 50
Figure 42: Range Resources Corp, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 50
Figure 43: Range Resources Corp, Revenue and Expenses, US$ mil, 2012-2016 52
Figure 44: Range Resources Corp, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 54
Figure 45: Range Resources Corp, Exploration Expenses, By Country/Region, US$ mil, 2012-2016 54
Figure 46: Range Resources Corp, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 55
Figure 47: Range Resources Corp, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 55
Figure 48: Range Resources Corp, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 56
Figure 49: Range Resources Corp, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 56
Figure 50: Range Resources Corp, Production Costs, By Country/Region, US$ mil, 2012-2016 57
Figure 51: Range Resources Corp, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 57
Figure 52: Range Resources Corp, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 59
Figure 53: Range Resources Corp, Lifting Cost per boe, By Country/Region, US$/boe, 2012-2016 60
Figure 54: Range Resources Corp, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2012-2016 60
Figure 55: Range Resources Corp, Total DD&A per boe, By Country/Region, US$/boe, 2012-2016 61
Figure 56: Range Resources Corp, Total Revenue per boe, By Country/Region, US$/boe, 2012-2016 61
Figure 57: Range Resources Corp, Oil and Gas Performance Metrics, 2012-2016 63
Figure 58: Range Resources Corp, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 64
Figure 59: Range Resources Corp, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 65
Figure 60: Range Resources Corp, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 65
Figure 61: Range Resources Corp, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 66
Figure 62: Range Resources Corp, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 66
Figure 63: Range Resources Corp, Producible Oil and Gas Wells, 2012-2016 68
Figure 64: Range Resources Corp, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 69
Figure 65: Range Resources Corp, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 69
Figure 66: Range Resources Corp, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 70
Figure 67: Range Resources Corp, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 70
Figure 68: Range Resources Corp, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 71
Figure 69: Range Resources Corp, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 71
Figure 70: Range Resources Corp, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 72
Figure 71: Range Resources Corp, Exploratory and Developed Wells, 2012-2016 74


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