Earnings Highlights CHRD, GPOR, & RRC

Chord Energy (CHRD)
Chord Energy successfully drilled its first 4-mile lateral in Q4 2024 with completion operations commencing in Q1 2025.  Total company production in Q4 2024 exceeded the high-end of guidance.  The results for the year ended December 31, 2024, include the results of the acquisition of Enerplus Corporation. 

Gulfport Energy (GPOR)
In 2025, the company’s full-year drilling and completion capital per foot is expected to decrease by approximately 20% when compared to full year 2024, including a 10% reduction in well costs.  The company expects to deliver flat year-over-year equivalent production in 2025.
Gulfport achieved significant operational efficiencies in the Utica, with average drilling footage per day and completion hours pumped per day improving by 10% and 25% YOY, respectively.

Range Resources (RRC)
The company’s maintenance capital improved by ~$50 million on strong well performance and infrastructure optimization.  Range’s 2025 all-in capital budget is expected to be $650 to $690 million.

Consistent with 2024, Range Resources plans to run two drilling rigs and one frac crew resulting in modest production growth in 2025 while building additional in-process well inventory for increased growth capacity in 2026 and 2027.  The company’s 3-year outlook targets a 2027 daily production level of 2.6 Bcfe, an increase of approximately 400 MMcfe per day compared to 2024.