As part of Range Resource’s first quarter financial and operational update they released a PowerPoint presentation. With a theme of “inflection point,” Range lays out the case for why they believe double-digit growth is ahead for the company in the coming years. As MDN reviewed the slide deck, we found a number of slides we think you might like to view, so we’ve embedded the slide deck below and call your attention to the following slides:
- Slide 3 shows a map of the shale plays where Range is active along with the potential production output. Notice how the Marcellus dwarfs all the others!
- Slide 8 shows a couple of pie charts. One is how much Range spends (as a percentage) on drilling, the other shows where they spend their money by shale play. If you add together the two Marcellus portions (southwest and northeast), Range is spending a whopping 86 percent of their budget on drilling in the mighty Marcellus.
- Slide 10 shows a bar chart of Range’s production output over a nine year period—and it shows they have double-digit growth every year. It also shows why they believe 2012 is an inflection point for Range with growth projected to spike up 30-35 percent in 2012.
- Slide 12 shows Range’s estimates by shale play for how much gas and liquids are available to them.
- Slide 15 shows a map of Pennsylvania and all of the townships (colored in yellow) where Range holds 3,000 or more acres of leases.
- Slide 16 is perhaps the coolest slide in the deck. It shows the boundary line between dry gas and wet gas areas, and introduces a new boundary line for what Range calls the “super-rich” wet gas area.
- Slide 17 zooms in and shows the boundary lines as they cross Washington, Allegheny and Beaver counties.
- Slide 19 shows the better economics of wet gas.
- Slide 20 shows a map where eight of Range’s “super-rich” wells are located in SW PA.
- Slide 22 shows a map where Range will drill two new “super-rich” wells in 2012.
- Slide 23 is a map showing Utica Shale potential along with the dry/wet gas boundary lines. Another really cool map.
- Similar to the maps in MDN’s Marcellus and Utica Shale Databook 2012, the maps on Slides 37, 38 and 39 show shale wells permitted and drilled in the Marcellus. Really cool maps.
- Slide 43 shows a northeast PA map updating Range’s results in that area.
- Slide 51 shows a map updating progress being made by MarkWest Liberty and pipeline infrastructure they’re building.
- Slide 54 is a map showing where current and planned processing facilities are located in the liquids-rich portion of the Marcellus and Utica. Cool map.
- Slides 56 and 57 provide maps updating the status of the Project Mariner pipeline project.
- Slide 59 shows a map with an update on the Enterprise Product Partners ATEX Express ethane pipeline that will run all the way from the Marcellus Shale to the Gulf.
This slide deck is really full of great slides—many we did not cover in the list above. Worth your time reviewing it, especially if you have an interest in Range Resources.