Range Resources Adds Crew to Clear DUCs, Eyes 2.5 Bcfe/d

Range Resources issued its first quarter 2026 update yesterday. Range’s production averaged 2.21 Bcfe/d in 1Q, approximately 32% liquids and 68% natural gas. Range used one rig and one completion crew to drill ~143,000 lateral feet across 9 wells, while turning to sales ~267,000 feet across 17 wells. 1Q26 drilling and completion expenditures were $130 million. In addition, Range spent approximately $5 million in acreage and $4 million in infrastructure, pneumatic upgrades, and other investments. The company maintains it will push production to 2.5 Bcfe/d by the end of this year, even though it's only using a single rig and frac crew.

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