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Antero Resources Grows Production in 2Q; Talks Second Half 2019
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Antero Resources reported its 2Q'19 operations.
Quick Summary Production was 3.2 bcfe/d which was +28% higher than last year and +4.1% growth sequentially The company spent $332 million during the quarter to bring 46 wells online. YTD the company has spent 52% of its capex which does signify that capital was first half heavy. We do expect the company to slow activity in the second half of the year as it preserve capital. Realized prices for Natural gas after hedge fell to its lowest for the company since Q1 2018, coming in at $2.86 vs $3.79 in 1Q19 and $3.50 in 2Q18. YTD the company has brought 58% of its planned 2019 wells online. Antero Resources Production,Sequential and Year-over-Year
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