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ES - Antero Resources Highlights - December 04, 2018

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Despite releasing three frac crews in September, Antero Resources turned a record 73 wells to sales in Q3 compared with just 51 the entire first half of the year. This aggressive development program, facilitated by efficiency gains in both drilling and completion throughout the year, pushed net production up 8% sequentially to a Q3 average of 2.72 MMcfe/d and across the 3 Bcf/d threshold in October. Antero now has three frac crews and five rigs working and expects capex to decline substantially in Q4 with just 27 wells coming......
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