Exploration & Production | Operational Updates | Capital Markets | Private Equity Activity
Antero Tags 334 MMcfe/d Record; Updates Appalachian Ops
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Antero Resources has reported its 2012 results as well as provided an update on its Marcellus and Utica progress.
2012 Highlights: Record annual net production of 334 MMcfe/d, a 37% increase over 2011 including discontinued operations 93% increase in Appalachian net annual production to 239 MMcfe/d in 2012, excluding discontinued operations 73% increase in proved reserves to 4.9 Tcfe, pro forma for the sale of Arkoma and Piceance properties in 2012 All-in finding and development costs averaged $0.64/Mcfe for proved reserve additions from all sources in 2012 94% increase in proved, probable and possible reserves (3P) to 26.1 Tcfe including 1.6 billion barrels of oil and NGLs GAAP net loss of $285 million, adjusted non-GAAP earnings of $113 million including discontinued…Finish this article — free account or subscription
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