Slide 1: December 2007 Barnett Shale Acquisition
December 2007 Barnett Shale Acquisition
Slide 2: DTE Energy - Barnett Acquisition
DTE Energy - Barnett Acquisition Properties and operations concentrated in the North Texas Barnett Shale - core and expanding core area Core and Expanding Core counties include: Tarrant, Denton, Johnson, Ellis, Parker and Hill Leasehold - 14,000 net acres 73% of properties are held by production whi
Slide 3: DTE Energy - Barnett Acquisition
DTE Energy - Barnett Acquisition Total Consideration $305 million Sellers are DTE Energy and a private company Range intends to initially finance by drawing under its bank credit facility Plans are to sell several unrelated non-core properties in 2008 to help fund acquisitions Production attributabl
Slide 4: Range's Barnett Shale Properties
Range's Barnett Shale Properties After completing the acquisition, Range's Barnett properties: 131,000 gross (104,000 net) acres of leasehold 95% of leasehold in the Core and Expanding Core Reserves potential in excess of 2.5 Tcf Production exceeding 90 Mmcfe per day
Slide 5: Barnett Leasehold
Barnett Leasehold Barnett Leasehold Existing acreage - 116,000 (90,000 net) Acquisition acreage - 14,900 (13,700 net) DTE acreage and producing wells complement Range's existing areas of operation
Slide 6: Forward-looking statements
Except for historical information, statements made in this release, including those relating to significant potential, fourth quarter production, future earnings, cash flow, capital expenditures, production growth and planned number of wells are forward- looking statements within the meaning of Sect