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Tuesday, May 13, 2014

Conference Call Offers Closer Look at Antero Resources in 1st Quarter 2014

From the Akron Beacon Journal:
Here are some interesting Utica shale tidbits from Colorado-based Antero Resources from this week’s earnings calls between energy companies and analysts: 
Its Utica shale net production in the first quarter 2014 was 79 million cubic feet of natural gas equivalents per day, plus 5,200 barrels per day of liquids. 
The company expects a 50 percent increase in the Utica to 120 million cubic feet of equivalents in the second quarter 2014. 
Antero has five of the top 10 natural gas wells in Ohio including the most-productive gas well, the Gary 1-H in Monroe County. 
Antero says it those five wells are the only wells it has drilled, to date, in the Utica’s wet-gas window. 
The company said its oil production was in excess of 3,000 barrels per day or 18 percent of the liquids production, mostly from the Utica shale.
Read the entire article by clicking here.

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