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Antero Drills Record 24-Hour Lateral in 2Q; Cuts Well Costs
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Antero Resources provided its second quarter 2016 operations update.
Highlights Include: Average net daily gas equivalent production was 1,762 MMcfe/d (26% liquids), a 19% increase over the prior year quarter and flat sequentially Average net daily liquids production was a record 75,041 Bbl/d, a 63% increase over the prior year quarter and a 10% increase sequentially Realized natural gas price before hedging averaged $1.93 per Mcf, a $0.02 differential to Nymex Realized natural gas price after hedging averaged $4.31 per Mcf, a $2.36 premium to Nymex Realized C3+ NGL price before hedging averaged $17.08 per barrel, 38% of WTI Realized natural gas equivalent price including NGLs, oil and hedges averaged $3.95per Mcfe Current drilling and completion costs have declined to $0.9 million per…- ✓ Full news archive — U.S., Canada & international coverage
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