Antero CapEx down 15% from 2018 levels
The recent decrease in oil prices has driven many companies to curtail capital spending plans, as Permian heavyweights Diamondback Energy (stock ticker: FANG) and Parsley Energy (stock ticker: PE) have both announced slow spending. This shift is not constrained to merely oil producers, however, as Antero Resources’ (stock ticker: AR) spending plan reveals.

Antero intends to spend between $1.1 and $1.25 billion in 2019, below its forecasted 2018 spending. Antero currently estimates it will spend $1.35 to $1.4 billion in 2018, so this new spending plan represents a drop of 15% at the midpoint. Previous analyst estimates predicted a significant increase in Antero’s spending in 2019, so this release re...

Legal Notice