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Antero Drills Mega 17,400' Utica Lateral in Q2; Averages 9,400' in the Marcellus
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Antero reported its Q2 2017 results. Highlights include:
- Increased production guidance for 2017: 2,250-2,300 MMcfe/d (up +3.0% from 2,160-2,250 Mmcfe/d)
- 2017 capex unchanged
Longer Laterals- During the second quarter, the 29 Marcellus completions averaged almost 9,400 feet of lateral and the five Utica completions averaged over 11,200 feet of lateral.
- Completed two laterals in the Marcellus averaging 13,700 feet of lateral length and drilled a 17,400 foot lateral in the Ohio Utica
In the Q2 call, Chairman & CEO Paul Rady said: "We completed two wells on the Kofer [ph] pad in the Marcellus that averaged 13,700 feet laterals and we set a record for our longest lateral drilled at 17,400 to the Utica. These two Kofer [ph] pad wells averaged 34 Bcf equivalent each assuming ethane…- ✓ Full news archive — U.S., Canada & international coverage
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