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…
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Appalachian pure-play Antero Resources Corp. has entered a drilling partnership worth up to $550 million with an affiliate of Quantum Energy Partners to fund a portion of its Marcellus and Utica shale development through 2024. Under the deal, QL Capital Partners would fund 20% of Antero’s development capital spending in 2021 and 15-20% from 2022…
Antero Resources Corp. has sold a portion of its future Appalachian natural gas production to an affiliate of J.P. Morgan for $220 million as part of a broader effort announced last year to sell more assets and cut debt. The volumetric production payment (VPP) completed with the bank is effective July 1 and will cover…
A sharp recovery in natural gas liquids (NGL) production projected in the Permian Basin won’t be enough to stave off a dramatic decline in overall U.S. output, which Rystad Energy is forecasting will tumble to under 4.2 b/d in 2021.
Appalachian pure-play Antero Resources Corp. said Monday it would target up to $1 billion in asset sales in 2020 as part of ongoing efforts to curb spending and moderate growth.
Two of Appalachia’s largest producers have announced plans to cut spending through the end of the year and are guiding for even tighter budgets in 2020 as the outlook for natural gas prices remains grim.
Antero Resources Corp. gained additional access to export markets for its natural gas liquids during the first quarter, which significantly boosted its free cash flow in a trend that’s expected to continue this year as it ramps-up shipments bound for overseas markets.
Appalachian heavyweight Antero Resources Corp. finished 2018 by surpassing the 3 Bcfe/d production mark, volumes underpinned by a massive position in the southwestern core of the Marcellus and Utica shales that’s once again expected to drive double-digit output growth this year as other operators scale back.
Appalachian pure-play Antero Resources Corp. plans to cut its capital spending and development activity this year in response to sliding oil and natural gas liquids (NGL) prices.