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Antero's Q1 Production Up Only 1% from Q4; Plans Largest Marcellus Pads to Date
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Antero Resources reported its Q1 2018 results.
Highlights:- Net daily gas equivalent production averaged a record 2,376 MMcfe/d (26% liquids) (up +11% YOY and up only +1 from 4Q17)
Liquids production averaged 102,798 Bbl/d, a 4% increase over the prior year period, and contributed 35% of total product revenues before hedging- The Company is preparing to commence production on its two largest Marcellus pads to date:
One 12-well pad has a planned combined total of 120,000 lateral feet The other 12-well pad has 106,000 lateral feet Antero expects to place these 24 wells to sales within the month, with expected production at a combined 90-day gross rate of 350 to 400 MMcfe per day, on choke, including over 20,000 barrels per day of liquids. Marcellus ShaleAntero completed and…
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