Range to Increase Production with 1 Rig, 1 Frac Crew Using DUCs

Range Resources issued its fourth quarter and full-year 2025 update yesterday. Range’s production averaged 2.24 Bcfe/d in 4Q, approximately 69% natural gas. Range used two rigs and drilled ~225,000 lateral feet across 15 wells during the quarter. 4Q25 drilling and completion expenditures were $167 million. In addition to D&C spending, Range spent approximately $10 million on acreage and $6 million on infrastructure, pneumatic devices, and other investments. For the entire year, Range drilled 69 laterals with an average horizontal length of 14,800 feet, with total activity exceeding 1 million lateral feet drilled.

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