What does PA — gas and oil area developed net mean?

The total net land area in this region that is currently developed and producing oil or gas.

How do you interpret PA — gas and oil area developed net?

An increase indicates successful conversion of undeveloped acreage into productive assets, while a decrease may signal asset depletion or divestment.

How does PA — gas and oil area developed net compare across companies?

Standard industry metric reported as 'developed net acres' in annual 10-K filings for E&P companies.

Range Resources RRC PA — Gas And Oil Area Developed Net

Discontinued — last reported Q3 '19

Similar metrics at other companies

PRNorthern Delaware Basin — Gas And Oil Area Developed Net Offset Existing Acreage

11.9K—

PRNorthern Delaware Basin — Gasand Oil Area Developed Gross Offset Existing Acreage

14.8K—

PRNorthern Delaware Basin — Gas And Oil Area Undeveloped Net

$4K—

PRNorthern Delaware Basin — Undeveloped net acres acquired

$4K—

PRLeaseholds and Leasehold Improvements — Area of Land

$4K—

PRLea County, New Mexico and Reeves County — Undeveloped net acres acquired

$2.9K—

Other financials

Income statement

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Revenue$1.0B+49.8%

Gross profit$976.0M+54.4%

Net income$341.6M+252%

EPS (diluted)$1.44+260%

Balance sheet

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Cash & equivalents$247.0K-99.9%

Total debt$159.9M-77.5%

Total equity$4.6B+16.8%

Total assets$7.4B+0.3%

Cash flow

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Operating cash flow$619.1M+87.6%

Valuation

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Market cap$8.57B+10.4%

Enterprise value$8.73B+7.9%

P/E9.5×-19.1×

P/S2.5×-0.7×

Profitability

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Gross margin94.6%+1.4pp

Net margin26.1%+15.1pp

FCF margin25.6%—

Returns & leverage

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Return on equity21.1%+14.1pp

Debt / equity0×-0.1×

Current ratio0.6×0.0×

Where this comes from

Reported directly by Range Resources in its filing.

Tagged under the XBRL concept us-gaap:GasAndOilAreaDevelopedNet.

The official record: Range Resources’s 10-Q, filed July 25, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does PA — gas and oil area developed net mean?: The total net land area in this region that is currently developed and producing oil or gas.
How do you interpret PA — gas and oil area developed net?: An increase indicates successful conversion of undeveloped acreage into productive assets, while a decrease may signal asset depletion or divestment.
How does PA — gas and oil area developed net compare across companies?: Standard industry metric reported as 'developed net acres' in annual 10-K filings for E&P companies.