secwatch.observer — SEC 8-K summary
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Issuer:     RANGE RESOURCES CORP (RRC)
CIK:        0000315852
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0000950170-22-001069
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Range Resources year-end 2021 proved reserves rise 3% to 17.8 Tcfe; SEC PV10 reaches $14.9B
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- Proved reserves of 17.8 Tcfe, up from 17.2 Tcfe in 2020, driven by Marcellus drill-bit additions of 1.6 Tcfe.
- SEC PV10 value of $14.9B; strip-price PV10 of $12.7B, equating to ~$40/share net of year-end debt.
- 14th consecutive year of positive performance revisions; 360 PUD locations with expected development cost of $0.29/mcfe.
- Proved developed reserves represent 59% of total; reserves mix 64% natural gas, 34% NGLs, 2% oil/condensate.
- Over 50% of 2022 wells expected from pad sites with existing production, utilizing existing infrastructure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315852/000095017022001069/0000950170-22-001069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315852/000095017022001069/rrc-20220209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-001069

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