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Marcellus/Utica Operator Plan To Complete 110 Wells In 2016; Seven Rigs
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Antero Resources provided its 2016 capital guidance today.
Summary
Plan to operate an average of 7 drilling rigs between the Marcellus and Utica Shale plays, a 50% reduction from an average of 14 drilling rigs operated in 2015 Plan to complete 110 horizontal wells in 2016 and exit the year with 70 drilled but uncompleted wells Net production is projected to grow 15% over prior year actual net daily production and 21% over 2015 guidance to 1.715 Bcfe/d Net daily liquids production is projected to grow 24% over the prior year to 60,000 Bbl/d Hedge mark-to-market for 2016 volumes was $1.1 billionassuming strip pricing at January 31, 2016 Capital Expenditure : (2016 vs 2015) Drilling Program 2016 Plan to operate an average of 7 drilling rigs between the Marcellus and Utica Shale…- ✓ Full news archive — U.S., Canada & international coverage
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