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Antero Touts Higher Marcellus EUR from 25% Higher Proppant Load
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Antero Resources Corporation (AR) has announced updates to its 2016 production guidance and 2017 production growth target.
Highlights:
Increased 2016 net production guidance to 1.8 Bcfe/d, maintained 2017 annual production growth target of 20% to 25% over 2016 guidance Maintained 2016 drilling and completion capital budget at $1.3 billion, targeting a similar drilling and completion capital budget for 2017 Reduced 2016 cash production expense guidance to $1.40-$1.50 per McfeUpdated 2016 Guidance
Raising 2016 net production guidance from 1.75 Bcfe/d to 1.8 Bcfe/d. A 3% increase from the previously announced guidance and a 5% increase from initial 2016 guidance. Maintaining original drilling and completion capex budget of $1.3 billion. The increase in gas equivalent production guidance…- ✓ Full news archive — U.S., Canada & international coverage
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