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Antero Resources IDs 2019 Capex; Cuts Down on Frac Crews
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Antero Resources has detailed its 2019 capital plan.
The capital plan assumes $50 per barrel WTI oil and $3.00 per MMBtu NYMEX natural gas.
2019 Plans:Capex: $1.375-1.550 billion (this is comparable to its 2018 capex of $1.45B)
D&C: $1.3-1.45 billion Land: $75-100 millionFull year 2019 Production: 3,150 MMcfe/d to 3,250 MMcfe/d (up ~19% over 2018 production guidance)
Liquids volumes, including NGLs and oil are expected to average 154,000 to 164,000 Bbl/d, 18% to 26% over 2018 liquids guidance, including 9,000 Bbl/d of oil, 100,000 Bbl/d of C3+ NGLs and 50,000 Bbl/d of recovered ethane, at the midpoint Natural gas production guidance is 100% hedged in 2019Rig / Frac Crews: Average of 5 drilling rigs and 4 completion crews, down 1 to 2 crews from 2018
Well Plans: Drill 120-130…
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