Top Story | First Quarter (1Q) Update | Capital Markets | 2024-Capex-Wells-Fracs
Operator Reports 1Q'24 Results; Chop Frac Plans Again
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Antero Resources reported its first quarter 2024 results. Before we talk about the 1Q highlights lets explore the '24 development plan and what to expect for the remainder of the year.
The company's initial guidance called for 2 frac crews in 2024. However the company said "This quarterly capital pace was in-line with expectations as the company ran two completion crews in January before reducing to the current level of one completion crew. "
Capex remains unchanged at $650-$700 million. The company brough online 12 marcellus wells with an average lateral of 13,285 feet.
1st Quarter 2024 Highlights.
Antero placed 12 horizontal Marcellus wells to sales during the first quarter with an average lateral length of 13,285 feet.
Six of these wells have been on line for approximately 60…- ✓ Full news archive — U.S., Canada & international coverage
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