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Appalachian E&P to Complete 120 Wells In 2020
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Antero Resources provided a look into its 2020 program, which looks just like its planned 2019 program.
Below is a comparison:
Antero Resources is targeting 110 to 120 completions in 2020, with an average lateral length of 12,100 feet as compared to 115 to 125 completions in 2019 with an average lateral of 10,200 feet. This represents a 14% increase in total lateral feet to be completed. As a result of the well cost reductions achieved to date and expectations for 2020, Antero's preliminary drilling and completion capital target for 2020 has been reduced to $1.15 to $1.20 billion. In addition to drilling and completion capital, Antero is targeting land capital spending of approximately $50 million in 2020, resulting in a preliminary total capital target of $1.20 to $1.25 billion…
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