Q4 2014 Earnings Call – Antero Resources

Antero Resources · Feb 26, 2015 · 6 slides

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Slides

Fourth Quarter 2014 Earnings Call Presentation February 26, 2015
COMPLETION DEFERRALS OPERATIONAL FLEXIBILITY Plan to defer 50 Marcellus well completions into 2016 to achieve higher gas price realizations Regional gathering pipeline expected in-service late 2015 will connect incremental Marcellus…
HIGHEST REALIZATIONS & MARGINS AMONG LARGE-CAP APPALACHIAN PEERS 4Q 2014 Natural Gas Realizations (/Mcf) Average 4Q 2014 Average Average Average Hedge Average 4Q 2014 Premium/ Region % Sales NYMEX Price Differential (2) BTU Upgrade…
LARGEST GAS HEDGE POSITION IN U.S. E&P + STRONG FINANCIAL LIQUIDITY 1.6 billion mark-to-market unrealized gain based on 12/31/2014 prices 1.8 Tcfe hedged from January 1, 2015 through year-end 2020 and 262 Bcf of TCO basis hedges from…
MARCELLUS DEVELOPMENT PROGRAM TARGET THE LIQUIDS Antero continues to focus its development program further west to develop liquids-rich locations with higher rates of return and projects completing 80 wells in 2015 with an average…
UTICA DEVELOPMENT PROGRAM TARGET THE RICH GAS REGIMES Antero is focusing its 2015 program in the Highly Rich and Rich Gas regimes to develop locations with the highest rates of return Average heating content of 1200 BTU for 50 wells…