Range Resources Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2016

 Published On: Aug, 2016 |    No of Pages: 103 |  Published By: GlobalData | Format: PDF
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Summary

Range Resources Corporation 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 8
Key Information 8
Company Overview 8
Range Resources Corporation, Valuation and Financial Data 9
Range Resources Corporation, Share Price Performance 9
Share Price Performance, Q1, 2015-Q1, 2016 9
Range Resources Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Range Resources Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 12
Range Resources Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Range Resources Corporation, Quarterly Production Trends 14
Range Resources Corporation, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 15
Range Resources Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 16
Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 17
Range Resources Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 18
Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 19
Range Resources Corporation, Valuation and Financial Data, 2011-2015 20
Range Resources Corporation, Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
Range Resources Corporation, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27
Crude Oil Production and Reserves By Country/Region, 2011-2015 28
Crude Oil/Liquids Reserve Changes, 2011-2015 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2011-2015 31
Natural Gas Production and Reserves, By Country/Region, 2011-2015 32
Natural Gas Reserve Changes, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36
Range Resources Corporation, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2011-2015 38
Acquisition Costs By Country/Region, 2011-2015 39
Exploration and Development Costs, By Country/Region, 2011-2015 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2011-2015 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44
Range Resources Corporation, Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2011-2015 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48
Range Resources Corporation, Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2011-2015 52
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2011-2015 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 59
Oil and Gas Performance Metrics 63
Range Resources Corporation, Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2011-2015 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 65
Well Statistics 68
Producible Oil and Gas Well, 2011-2015 68
Producible Oil and Gas Well, By Country/Region, 2011-2015 69
Exploration and Development Wells Drilled, 2011-2015 73
Recent Developments 74
Range Resources Corporation - Recent Developments 74
Jul 26, 2016: Range Announces Second Quarter 2016 Results 74
Apr 28, 2016: Range Announces First Quarter 2016 Results 77
Mar 17, 2016: Range Announces Annual Borrowing Base Approval 81
Feb 25, 2016: Range Announces 6% Increase In Year-End Proved Reserves 81
Feb 25, 2016: Range Reports 2015 Earnings, Announces 2016 Capital Plans 84
Jan 12, 2016: Range Resources Provides Trinidad Operations Update: 13 December 2015 88
Oct 28, 2015: Range Announces Third Quarter 2015 Results 90
Oct 09, 2015: U.S. Department Of Energy: Newly Released Study Highlights Significant Utica Shale Potential 94
Jul 28, 2015: Range Announces Second Quarter 2015 Results 95
Jul 23, 2015: EQT Midstream Partners To Construct Header Pipeline For Range Resources 100
Appendix 101
Methodology 101
Coverage 101
Secondary Research 101
Primary Research 101
Data Information Sources 102
Company Source 102
SEC/Other Regulatory Filings 102
Other Sources 102
Expert Panel Validation 102
Data Definition 102
Oil and Gas Reserves 102
Units of Measure 103
About GlobalData 103
Disclosure 103
Disclaimer 103

List of Tables
Table 1: Range Resources Corporation, Key Facts 8
Table 2: Range Resources Corporation, Share Price Performance, Q1, 2015-Q1, 2016 9
Table 3: Range Resources Corporation, Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Table 4: Range Resources Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Table 5: Range Resources Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 12
Table 6: Range Resources Corporation, Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Table 7: Range Resources Corporation, Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 14
Table 8: Range Resources Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Table 9: Range Resources Corporation, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Table 10: Range Resources Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Table 11: Range Resources Corporation, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Table 12: Range Resources Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Table 13: Range Resources Corporation, Share Price Performance, 2011-2015 20
Table 14: Range Resources Corporation, Key Valuation Metrics, 2011-2015 21
Table 15: Range Resources Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: Range Resources Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: Range Resources Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: Range Resources Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: Range Resources Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: Range Resources Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: Range Resources Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: Range Resources Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: Range Resources Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: Range Resources Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: Range Resources Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37
Table 26: Range Resources Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Table 27: Range Resources Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Table 28: Range Resources Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41
Table 29: Range Resources Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Table 30: Range Resources Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45
Table 31: Range Resources Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Table 32: Range Resources Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51
Table 33: Range Resources Corporation, Revenue and Expenses, US$ mil, 2011-2015 52
Table 34: Range Resources Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57
Table 35: Range Resources Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Table 36: Range Resources Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 62
Table 37: Range Resources Corporation, Oil and Gas Performance Metrics, 2011-2015 63
Table 38: Range Resources Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Table 39: Range Resources Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 67
Table 40: Range Resources Corporation, Producible Oil and Gas Wells, 2011-2015 68
Table 41: Range Resources Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 72
Table 42: Range Resources Corporation, Exploratory and Developed Wells, 2011-2015 73

List of Figures
Figure 1: Range Resources Corporation, Share Price Performance, USD/Share, Q1, 2015-Q1, 2016 9
Figure 2: Range Resources Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 10
Figure 3: Range Resources Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Figure 4: Range Resources Corporation, Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 13
Figure 5: Range Resources Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 14
Figure 6: Range Resources Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Figure 7: Range Resources Corporation, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Figure 8: Range Resources Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Figure 9: Range Resources Corporation, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Figure 10: Range Resources Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Figure 11: Range Resources Corporation, Share Price Performance, USD/Share, 2011-2015 20
Figure 12: Range Resources Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: Range Resources Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: Range Resources Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 15: Range Resources Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 16: Range Resources Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 17: Range Resources Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 18: Range Resources Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 19: Range Resources Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 20: Range Resources Corporation, Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 21: Range Resources Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 22: Range Resources Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 23: Range Resources Corporation, Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 24: Range Resources Corporation, Natural Gas Reserve Changes, bcf, 2015 34
Figure 25: Range Resources Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 26: Range Resources Corporation, Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 36
Figure 27: Range Resources Corporation, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 36
Figure 28: Range Resources Corporation, Oil Reserve Life Index, By Country/Region, Ratio, 2011-2015 37
Figure 29: Range Resources Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Figure 30: Range Resources Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 31: Range Resources Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 32: Range Resources Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 33: Range Resources Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Figure 34: Range Resources Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 35: Range Resources Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 36: Range Resources Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 37: Range Resources Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Figure 38: Range Resources Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 39: Range Resources Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 40: Range Resources Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 41: Range Resources Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 42: Range Resources Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 43: Range Resources Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 44: Range Resources Corporation, Revenue and Expenses, US$ mil, 2011-2015 52
Figure 45: Range Resources Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 46: Range Resources Corporation, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 53
Figure 47: Range Resources Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 48: Range Resources Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 49: Range Resources Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55
Figure 50: Range Resources Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 51: Range Resources Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 56
Figure 52: Range Resources Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 53: Range Resources Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Figure 54: Range Resources Corporation, Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 55: Range Resources Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 56: Range Resources Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 57: Range Resources Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 58: Range Resources Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 59: Range Resources Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 60: Range Resources Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 61: Range Resources Corporation, Oil and Gas Performance Metrics, 2011-2015 63
Figure 62: Range Resources Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Figure 63: Range Resources Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 64: Range Resources Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 65: Range Resources Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 66
Figure 66: Range Resources Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 66
Figure 67: Range Resources Corporation, Producible Oil and Gas Wells, 2011-2015 68
Figure 68: Range Resources Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 69: Range Resources Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 70: Range Resources Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 70
Figure 71: Range Resources Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 70
Figure 72: Range Resources Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 73: Range Resources Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 74: Range Resources Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 72
Figure 75: Range Resources Corporation, Exploratory and Developed Wells, 2011-2015 73


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