Current AR Stock Info

Antero Resources announced on February 17, 2016, the company’s capital budget and guidance for the 2016 fiscal year. 2016 capital spending will be reduced to $1.4 billion from $1.8 billion, a reduction of 23%. The new capital plan includes an average of 7 drilling rigs between the Marcellus and Utica shale plays, a 50% reduction form the 14 rigs operated in 2015. Antero plans to drill 110 wells in 2016, which includes a plan to exit 2016 with 70 drilled but uncompleted wells.

Net production is projected to grow 15% in 2016, with liquids proj...

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