SEC Filings

8-K
RANGE RESOURCES CORP filed this Form 8-K on 07/31/2018
Entire Document
 

RANGE RESOURCES CORPORATION

HEDGING POSITION AS OF July 20, 2018 – (Unaudited)

 

 

 

 

 

 

Daily Volume

 

 

 

Hedge Price

 

 

Gas  1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3Q 2018 Swaps

 

 

 

1,346,848 Mmbtu

 

 

 

$2.98

 

 

4Q 2018 Swaps

 

 

 

1,373,261 Mmbtu

 

 

 

$2.97

 

 

 

 

 

 

 

 

 

 

 

 

 

4Q 2018 Sold Calls

 

 

 

70,000 Mmbtu

 

 

 

  $3.10 2

 

 

 

 

 

 

 

 

 

 

 

 

 

2019 Swaps

 

 

 

832,534 Mmbtu

 

 

 

$2.83

 

 

 

 

 

 

 

 

 

 

 

 

 

2020 Swaps

 

 

 

10,000 Mmbtu

 

 

 

$2.75

 

 

 

 

 

 

 

 

 

 

 

 

 

Oil

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3Q 2018 Swaps

 

 

 

8,500 bbls

 

 

 

$53.20

 

 

4Q 2018 Swaps

 

 

 

8,500 bbls

 

 

 

$53.20

 

 

 

 

 

 

 

 

 

 

 

 

 

2019 Swaps

 

 

 

6,624 bbls

 

 

 

$54.57

 

 

 

 

 

 

 

 

 

 

 

 

 

1H 2020 Swaps

 

 

 

1,125 bbls

 

 

 

$57.67

 

 

 

 

 

 

 

 

 

 

 

 

 

C2 Ethane

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3Q 2018 Swaps

 

 

 

1,337 bbls

 

 

 

$0.315/gallon

 

 

 

 

 

 

 

 

 

 

 

 

 

C3 Propane 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3Q 2018 Swaps

 

 

 

12,168 bbls

 

 

 

$0.69/gallon

 

 

4Q 2018 Swaps

 

 

 

10,668 bbls

 

 

 

$0.67/gallon

 

 

 

 

 

 

 

 

 

 

 

 

 

4Q 2018 Collars

 

 

 

1,250 bbls

 

 

 

$0.90 x $1.00/gallon

 

 

 

 

 

 

 

 

 

 

 

 

 

1Q 2019 Swaps

 

 

 

1,500 bbls

 

 

 

$0.90/gallon

 

 

 

 

 

 

 

 

 

 

 

 

 

C4 Normal Butane

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3Q 2018 Swaps

 

 

 

4,250 bbls

 

 

 

$0.81/gallon

 

 

4Q 2018 Swaps

 

 

 

4,250 bbls

 

 

 

$0.81/gallon

 

 

 

 

 

 

 

 

 

 

 

 

 

C5 Natural Gasoline

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3Q 2018 Swaps

 

 

 

5,152 bbls

 

 

 

$1.22/gallon

 

 

4Q 2018 Swaps

 

 

 

5,152 bbls

 

 

 

$1.23/gallon

 

 

 

 

 

 

 

 

 

 

 

 

 

2019 Swaps

 

 

 

1,244 bbls

 

 

 

$1.30/gallon

 

 

(1)

Range also sold call swaptions of 380,000 Mmbtu/d for calendar 2019, and 140,000 Mmbtu/d for calendar 2020 at average strike prices of $2.96 and $2.81 per Mmbtu, respectively

 

(2)

Sold Calls have an average deferred Premium of +$0.16 per Mmbtu

 

(3)

Swaps incorporate international propane hedges

 

SEE WEBSITE FOR OTHER SUPPLEMENTAL INFORMATION FOR THE PERIODS AND ADDITIONAL HEDGING DETAILS

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