Appalachian player Antero Resources has set its initial capital budget for 2015 at $1.8 billion, a 41% reduction from the $3.05 billion in capital spending expected in 2014. The breakdown consists of $1.6 billion for drilling and completion (down 33% YOY), $50 million for fresh water distribution infrastructure (down 75%) and $150 million for acreage acquisitions (down 67%). The decrease in D&C spending is driven mainly by improvements in efficiency, lower service costs, a......
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