RANGE RESOURCES CORP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Gross and Net Acreage
We own interests in developed and undeveloped natural gas and oil acreage. These ownership interests generally take the form of working interests in oil and natural gas leases that have varying terms. Developed acreage includes leased acreage that is allocated or assignable to producing wells or wells capable of production even though shallower or deeper horizons may not have been fully explored. Undeveloped acreage includes leased acres on which wells have not been drilled or completed to a point that would permit the production of commercial quantities of natural gas or oil, regardless of whether or not the acreage contains proved reserves. The following table sets forth certain information regarding the developed and undeveloped acreage in which we own a working interest as of December 31, 2023. Acreage related to option acreage, royalty, overriding royalty and other similar interests is excluded from this summary:
| Developed Acres · Undeveloped Acres · Total Acres | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross · Net · Gross · Net · Gross · Net | |||||||||
| Michigan | 111 | 111 | — | — | 111 | 111 | |||
| New York | — | — | 2,265 | 567 | 2,265 | 567 | |||
| Oklahoma | 22,189 | 9,349 | — | — | 22,189 | 9,349 | |||
| Pennsylvania | 791,405 | 690,550 | 60,140 | 57,134 | 851,545 | 747,684 | |||
| Texas | 6,273 | 4,356 | — | — | 6,273 | 4,356 | |||
| West Virginia | 5,876 | 5,197 | — | — | 5,876 | 5,197 | |||
| 825,854 | 709,563 | 62,405 | 57,701 | 888,259 | 767,264 | ||||
| Average working interest | 86% | 92% | 86% | ||||||
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