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Antero to Use Zipper Fracs for All Future Pads; Averaging 1,300lbs. Proppant / Well
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Antero Resources released its third quarter 2016 financial and operational results.
Key Points:Marcellus:
Antero completed and placed on line 14 horizontal Marcellus wells during the third quarter of 2016 with an average lateral length of 9,033 feet. The Company's contracted completion crews averaged 4.5 stages per day in the Marcellus, a record for the Company. The increase in stages per day was a result of the implementation of zipper fracs on select pads during the quarter. Antero plans to utilize zipper fracs on virtually all newly constructed pads going forward. The company is using 1,300+ pounds of proppant per well on average. EURs associated with these wells are currently trending to approximately 2.0 Bcf/1,000 or 17% above Antero's 1.7 Bcf/1,000 type curve. Average…- ✓ Full news archive — U.S., Canada & international coverage
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