Well Cost | Well Lateral Length | Top Story | Quarterly / Earnings Reports | Production | Third Quarter (3Q) Update | Capital Markets | Drilling Program - Wells | Drilling Activity | Private Equity Activity | Drilling Program-Rig Count | Capital Expenditure - 2018
Antero Drills Record Marcellus / Utica Laterals Up to ~17,500'; Talks 2018
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Antero Resources reported its Q3 2017 results as well as its preliminary 2018 plans. Highlights from its release / call include:
Production Record in Q3: 2,317 MMcfe/d, a 24% increase YOY Record Marcellus / Utica Laterals: Drilled its longest laterals to date in the Marcellus, with three laterals averaging 14,000 feet. In the Utica, Antero drilled four 17,000' laterals and set a record for drilling its longest lateral to date at 17,445 feetMarcellus Laterals:
2018 Plans: Antero announced a 2018 D&C budget of $1.3 billion (flat when compared to 2017). The company also estimates it will spend $1.5 billion in both 2019 and 2020. Well Plans: Despite having a flat D&C budget, Antero plans to drill more wells in 2018 - 150 wells are currently planned (compared to 2017's 135)Note…
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