Exploration & Production | Rig Count | Top Story | Forecast - Production | Hedging | Capital Markets | Capital Expenditure | Private Equity Activity | Drilling Contractor
Appalachian Operator to Drill 130 Hz Marcellus, Utica Wells
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Antero Resources Corporation announced its 2015 capital budget and guidance.
Capital Budget and Guidance Highlights: Initial capital budget for 2015 is $1.8 billion, a 41% reduction from the 2014 capital budget of $3.05 billion Drilling and completion budget for 2015 is $1.6 billion, a 33% reduction from the 2014 capital budget of $2.4 billion Plan to operate an average of 14 drilling rigs between the Marcellus and Utica Shale plays in 2015, down from 21 at year-end 2014 Plan to complete 130 horizontal Marcellus and Utica wells in 2015, down from 179 in 2014 Net daily production for 2015 is projected to average 1.4 Bcfe/d, an approximate 40% increase over 2014's average net daily production of 1.0 Bcfe/d Net daily liquids production for 2015 is projected to average 37,000 Bbl/d (16% of…Finish this article — free account or subscription
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