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Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2022

Antero Resources IDs 2022 Budget, Drilling Plans

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Antero Resources IDs 2022 Budget, Drilling Plans

Antero Resources detailed its 2022 capital program and guidance.

2022 Plan

- Capex: $740-775 million - up 7% vs. 2021

D&C: $675-700 million - up 10% vs. 2021 Leasehold, Land: $65-75 million

- Rigs Running: 3 rigs

- Frac Crews: 2 crews

- Well Plans (net): 70-80 net wells drilled :: 60-65 net wells completed - relatively flat YOY

- Production: 3,200 to 3,300 MMcfe/d - up 2% vs. 2021

Liquids/NGLs: 175 to 185 MBbl/d Natural Gas: 2,200-2,250 MMcf/d 2022 Capital Budget and Guidance

Antero's drilling and completion capital budget reflects service cost inflation that is projected in 2022, partially offset by expected savings associated with the transition to regional sand from Antero's local sand mine. The net impact, including the sand savings, is a projected 5% cost increase in 2022 as…

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