RRC remains Rock Solid

[dan_s]

2012 Highlights –
•Reports record annual production of 753 Mmcfe per day, an increase of 36% over 2011, with fourth quarter oil and NGL volumes increasing 41%
• Reports 29% increase in total proved reserves to 6.5 Tcfe, with oil and NGL reserves increasing 64%
• Drill bit reserve replacement of 773% at $0.86 per mcfe all-in finding and development cost
• Fourth quarter adjusted non-GAAP cash flow of $1.54 per share exceeds average First Call consensus estimates by 18 cents
• Fourth quarter adjusted non-GAAP earnings of $0.46 per share exceeds average First Call consensus estimates by 17 cents
• Unit costs continue to decline, highlighted by 32% reduction in lease operating costs compared to 2011
• Innovative marketing arrangements increased price realizations from propane exports
• Unrisked resource potential increases to 48 - 68 Tcfe, including 2.3 – 3.5 billion barrels of oil and NGLs
• Asset sale agreement recently executed for $275 million

I will have the forecast updated shortly. RRC is by far the safest way to add more natural gas exposure to your portfolio.