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ES - Antero’s Q3 D&C spend reaches lowest level since 2013 IPO - November 12, 2019
Antero Resources has made significant progress on its cost reduction initiatives. Well costs are currently averaging $895/ft, which is 4% below its H2 target of $930/ft; 1Q20 costs are now targeted at $880/ft and full-year 2020 costs at $830-$870/ft. Lease operating expenses in Q3 were down 21% compared to H1 at $0.12/Mcfe, driven by localized water blending that reduced flowback water costs and the use of 20% lower volumes of fresh water per foot;......
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