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Antero Talks 2020; Completion Activity Flat While Drilling is Down 18% YOY

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Antero Talks 2020; Completion Activity Flat While Drilling is Down 18% YOY

Antero Resources Corp. reported its Q4 2019 results and its 2020 capital plan.

2020 Capital Budget and Guidance        

The company's total and D&C spending are down 11% and 9% YOY, respectively.

Completion activity will be flat while drilling will fall 18% from 2019 levels. The company is also down one frac crew (down 25% from 2019).

Total production is expected to grow 8% to 3,500 Mmcfe/d.

Drilling and completion capital budget of $1.15 billion, down 10% from 2019 Full year 2020 net production is expected to average 3,500 MMcfe/d, a 9% increase over 2019 net production Liquids production, including oil, C3+ NGLs, and ethane assuming 25% recovery, is expected to average 187,500 Bbl/d All-in cash expenses, including net marketing expense, are expected to be $2.25 to $2.35 per Mcfe…
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