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Antero to boost output 17-20% while dropping to 4 frac crews
Thanks to efficiency improvements in its development program, Antero Resources expects to grow production 17-20% YOY to 3.15-3.25 Bcfe/d this year despite running just four completion crews instead of the five to six it employed in 2018. The company plans to operate five rigs on average and complete 115-125 wells with laterals averaging 10,200 ft as well as 120-130 wells with laterals averaging 11,900 ft. Between 2014 and 3Q18, Antero achieved substantial D&C efficiencies, including a 59% reduction in Marcellus drill times......
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