XML 63 R43.htm IDEA: XBRL DOCUMENT
v3.20.4

Supplemental Information on Natural Gas and Oil Exploration, Development and Production Activities (Unaudited) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Extractive Industries [Abstract] |
Capitalized Costs and Accumulated Depreciation, Depletion and Amortization | Capitalized Costs and Accumulated Depreciation, Depletion and Amortization (a)
| December 31, |
| 2020 |  |  | 2019 |  |  | 2018 |
| (in thousands) |
Natural gas and oil properties: |  |  |  |  |  |  |  |  |  |  |
Properties subject to depletion | $ | 8,891,348 |  |  | $ | 9,345,557 |  |  | $ | 10,974,929 |
Unproved properties |  | 859,766 |  |  |  | 868,180 |  |  |  | 2,110,277 |
Total |  | 9,751,114 |  |  |  | 10,213,737 |  |  |  | 13,085,206 |
Accumulated depreciation, depletion and amortization |  | (4,064,305 | ) |  |  | (4,172,702 | ) |  |  | (4,062,021 | )
Net capitalized costs | $ | 5,686,809 |  |  | $ | 6,041,035 |  |  | $ | 9,023,185 |
(a) | Includes capitalized asset retirement costs and the associated accumulated amortization.
Costs Incurred for Property Acquisition, Exploration and Development | Costs Incurred for Property Acquisition, Exploration and Development (a)
| December 31, |
| 2020 |  |  | 2019 |  |  | 2018 |
| (in thousands) |
Acquisitions |  |  |  |  |  |  |  |  |  |  |
Acreage purchases | $ | 26,166 |  |  | $ | 57,324 |  |  | $ | 62,390 |
Oil and gas properties |  | — |  |  |  | — |  |  |  | 1,683 |
Development |  | 369,093 |  |  |  | 666,984 |  |  |  | 834,552 |
Exploration: |  |  |  |  |  |  |  |  |  |  |
Drilling |  | 7,709 |  |  |  | — |  |  |  | 1,380 |
Expense |  | 31,376 |  |  |  | 35,117 |  |  |  | 32,196 |
Stock-based compensation expense |  | 1,279 |  |  |  | 1,566 |  |  |  | 1,921 |
Gas gathering facilities: |  |  |  |  |  |  |  |  |  |  |
Development |  | 3,694 |  |  |  | 3,583 |  |  |  | 10,218 |
Subtotal |  | 439,317 |  |  |  | 764,574 |  |  |  | 944,340 |
Asset retirement obligations |  | 2,610 |  |  |  | 11,193 |  |  |  | 28,826 |
Total costs incurred | $ | 441,927 |  |  | $ | 775,767 |  |  | $ | 973,166 |
| (a) | Includes cost incurred whether capitalized or expensed.
Proved Developed and Undeveloped Reserves |
| Natural Gas |  |  | NGLs |  |  | Crude Oil and Condensate |  |  | Natural Gas Equivalents |
| (Mmcf) |  |  | (Mbbls) |  |  | (Mbbls) |  |  | (Mmcfe) (a) |
Proved developed and undeveloped reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2017 |  | 10,263,649 |  |  |  | 763,264 |  |  |  | 69,854 |  |  |  | 15,262,361 |
Revisions |  | 178,595 |  |  |  | 84,993 |  |  |  | 7,197 |  |  |  | 731,735 |
Extensions, discoveries and additions |  | 2,269,427 |  |  |  | 128,436 |  |  |  | 17,309 |  |  |  | 3,143,898 |
Property sales |  | (135,884 | ) |  |  | (16,774 | ) |  |  | (4,276 | ) |  |  | (262,180 | )
Production |  | (548,085 | ) |  |  | (38,325 | ) |  |  | (4,228 | ) |  |  | (803,408 | )
Balance, December 31, 2018 |  | 12,027,702 |  |  |  | 921,594 |  |  |  | 85,856 |  |  |  | 18,072,406 |
Revisions |  | 33,122 |  |  |  | 57,311 |  |  |  | (12,320 | ) |  |  | 303,068 |
Extensions, discoveries and additions |  | 959,901 |  |  |  | 26,505 |  |  |  | 7,057 |  |  |  | 1,161,274 |
Property sales |  | (327,634 | ) |  |  | (28,324 | ) |  |  | (2,371 | ) |  |  | (511,811 | )
Production |  | (578,114 | ) |  |  | (38,850 | ) |  |  | (3,690 | ) |  |  | (833,354 | )
Balance, December 31, 2019 |  | 12,114,977 |  |  |  | 938,236 |  |  |  | 74,532 |  |  |  | 18,191,583 |
Revisions |  | (789,992 | ) |  |  | 42,741 |  |  |  | (12,444 | ) |  |  | (608,211 | )
Extensions, discoveries and additions |  | 1,007,415 |  |  |  | 38,298 |  |  |  | 4,512 |  |  |  | 1,264,282 |
Property sales |  | (609,311 | ) |  |  | (30,317 | ) |  |  | (6,145 | ) |  |  | (828,084 | )
Production |  | (574,529 | ) |  |  | (37,492 | ) |  |  | (2,829 | ) |  |  | (816,456 | )
Balance, December 31, 2020 |  | 11,148,560 |  |  |  | 951,466 |  |  |  | 57,626 |  |  |  | 17,203,114 |
Proved developed reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2018 |  | 6,451,012 |  |  |  | 512,318 |  |  |  | 38,658 |  |  |  | 9,756,870 |
December 31, 2019 |  | 6,486,211 |  |  |  | 535,007 |  |  |  | 34,369 |  |  |  | 9,902,468 |
December 31, 2020 |  | 6,350,057 |  |  |  | 550,771 |  |  |  | 22,976 |  |  |  | 9,792,540 |
Proved undeveloped reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2018 |  | 5,576,690 |  |  |  | 409,276 |  |  |  | 47,198 |  |  |  | 8,315,536 |
December 31, 2019 |  | 5,628,766 |  |  |  | 403,229 |  |  |  | 40,163 |  |  |  | 8,289,115 |
December 31, 2020 |  | 4,798,503 |  |  |  | 400,695 |  |  |  | 34,650 |  |  |  | 7,410,574 |
(a) | Oil and NGLs volumes are converted to mcfe at the rate of one barrel equals six mcf based upon the approximate relative energy content of oil to natural gas, which is not indicative of the relationship between oil and natural gas prices.
Changes in Proved Undeveloped Reserves | The following details the changes in proved undeveloped reserves for 2020 (Mmcfe):
Beginning proved undeveloped reserves at December 31, 2019 |  | 8,289,115 |
Undeveloped reserves transferred to developed |  | (1,258,551 | )
Revisions (a) |  | (675,150 | )
Sales |  | (175,274 | )
Extension and discoveries |  | 1,230,434 |
Ending proved undeveloped reserves at December 31, 2020 |  | 7,410,574 |
(a) Includes 961 Bcfe of proved undeveloped reserves removed and deferred due to the five-year rule which can be included in our future proved reserves as these locations are added back to our five-year development plan.
Standardized Measure of Discounted Future Net Cash Flows | The standardized measure of discounted future net cash flows relating to proved natural gas, NGLs, crude oil and condensate reserves is as follows and excludes cash flows associated with derivatives outstanding at each of the respective reporting dates. Future cash inflows are net of third-party transportation, gathering and compression expense.
| As of December 31, |
| 2020 |  |  | 2019 |
| (in thousands) |
Future cash inflows | $ | 35,820,758 |  |  | $ | 48,718,733 |
Future costs: |  |  |  |  |  |  |
Production |  | (23,281,268 | ) |  |  | (23,320,477 | )
Development (a) |  | (2,744,539 | ) |  |  | (3,219,349 | )
Future net cash flows before income taxes |  | 9,794,951 |  |  |  | 22,178,907 |
Future income tax expense |  | (1,240,011 | ) |  |  | (4,179,297 | )
Total future net cash flows before 10% discount |  | 8,554,940 |  |  |  | 17,999,610 |
10% annual discount |  | (5,708,618 | ) |  |  | (11,371,037 | )
Standardized measure of discounted future net cash flows | $ | 2,846,322 |  |  | $ | 6,628,573 |
(a) 2020 includes $313.1 million of undiscounted future asset retirement costs estimated as of December 31, 2020, using current estimates of future abandonment costs.
Changes in Discounted Future Net Cash Flows | The following table summarizes changes in the standardized measure of discounted future net cash flows.
| December 31, |
| 2020 |  |  | 2019 |  |  | 2018 |
| (in thousands) |
Revisions of previous estimates: |  |  |  |  |  |  |  |  |  |  |
Changes in prices and production costs | $ | (4,868,371 | ) |  | $ | (6,560,107 | ) |  | $ | 2,959,488 |
Revisions in quantities |  | (345,073 | ) |  |  | (12,741 | ) |  |  | 667,763 |
Changes in future development and abandonment costs |  | 107,899 |  |  |  | 104,585 |  |  |  | (686,632 | )
Net change in income taxes |  | 797,816 |  |  |  | 1,125,639 |  |  |  | (1,075,867 | )
Accretion of discount |  | 756,083 |  |  |  | 1,317,349 |  |  |  | 814,725 |
Additions to proved reserves from extensions, discoveries and improved recovery |  | 280,441 |  |  |  | 552,710 |  |  |  | 2,543,296 |
Natural gas, NGLs and oil sales, net of production costs |  | (402,450 | ) |  |  | (881,883 | ) |  |  | (1,547,580 | )
Actual development costs incurred during the period |  | 384,530 |  |  |  | 676,520 |  |  |  | 851,188 |
Sales of reserves in place |  | (394,125 | ) |  |  | (688,937 | ) |  |  | (226,953 | )
Timing and other |  | (99,001 | ) |  |  | (120,156 | ) |  |  | (349,048 | )
Net change for the year |  | (3,782,251 | ) |  |  | (4,487,021 | ) |  |  | 3,950,380 |
Beginning of year |  | 6,628,573 |  |  |  | 11,115,594 |  |  |  | 7,165,214 |
End of year | $ | 2,846,322 |  |  | $ | 6,628,573 |  |  | $ | 11,115,594 |

X
- Definition Changes in proved undeveloped reserves. + References No definition available. + Details
Name: | rrc_ChangesInProvedUndevelopedReservesTableTextBlock
Namespace Prefix: | rrc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | srt_ExtractiveIndustriesAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the aggregate change in the standardized measure of discounted future net cash flows relating to proved oil and gas reserves and oil and gas subject to purchases under long-term agreements in which the enterprise participates in the operation of the properties on which oil and gas is located or otherwise serves as the producer. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Form 20-F -Section Item 18 -Subsection Instruction 2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62500-109447 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 36 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62536-109447 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62496-109447 + Details
Name: | srt_ScheduleOfChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Form 20-F -Section Item 18 -Subsection Instruction 2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61884-109447 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61858-109447 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61872-109447 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61831-109447 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61797-109447 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61869-109447 + Details
Name: | srt_ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the future net cash flows relating to proved oil and gas reserves and oil and gas subject to purchase under long-term agreements in which the enterprise participates in the operation of the properties on which the oil and gas is located or otherwise serves as the producer. This information is presented in aggregate and for each geographic area for which reserve quantities are disclosed. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Form 20-F -Section Item 18 -Subsection Instruction 2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62476-109447 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 36 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62536-109447 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 55 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=34713648&loc=d3e63094-109448 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62424-109447 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62479-109447 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62455-109447 + Details
Name: | srt_StandardizedMeasureOfDiscountedFutureCashFlowsRelatingToProvedReservesDisclosureTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aggregate capitalized costs relating to an enterprise's oil and gas producing activities and the aggregate related accumulated depreciation, depletion, amortization, and valuation allowances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61926-109447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61901-109447 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 55 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=34713648&loc=d3e63019-109448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61929-109447 + Details
Name: | us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the aggregate of costs (whether the costs are capitalized or charged to expense at the time they are incurred ) incurred for the year in oil and gas property acquisition, exploration and development activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62059-109447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 55 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=34713648&loc=d3e63042-109448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62014-109447 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62038-109447 + Details
Name: | us-gaap_CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration