Appalachian Basin heavyweight Antero Resources Corp. is maximizing its exposure to natural gas prices heading into next year, betting on a continued bullish outlook for natural gas and natural gas liquids (NGL).

Antero is “the least hedged in our company history on the natural gas side as we enter 2022,” CEO Paul Rady said during a conference call to discuss third quarter results. “We also have very little NGLs hedged and no propane as of Oct. 1…

“We have not added any natural gas hedges in over 18 months, a testament to our management and our natural gas and liquids commodity fundamentals teams that have remained bullish on the outlook for both natural gas and NGLs heading into next year. 

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