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November 10, 2014 Antero Announces Closing of Antero Midstream Partners LP IPO and Full Exercise of Underwriters' Option to Purchase Additional Common Units
(NYSE: AR) ("Antero") today announced the completion of Antero Midstream Partners LP's (the "Partnership") initial public offering of 46,000,000 common units representing limited partner interests in the Partnership (the "Common Units") at a price to the public of $25.00 per Common Unit, including the exercise in full by the underwriters of their option to purchase an additional 6,000,000 Common Units. The Partnership will initially own gathering and compression assets that service Antero's natural gas, natural gas liquids and condensate production. The public owns 30.3% of the 151,881,914 outstanding common and subordinated units, and Antero and its affiliates own the remaining 69.7% limited partner interest in the Partnership. Net proceeds received by the Partnership from the sale of 46,000,000 Common Units were approximately $1.1 billion, after deducting underwriting discounts, structuring fees and expenses. The Partnership used $843 million to repay assumed indebtedness...
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November 5, 2014 Antero Resources Reports Third Quarter 2014 Financial Results
  Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today released its third quarter 2014 financial results. The relevant financial statements are included in Antero's Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 , which has been filed with the Securities and Exchange Commission (" SEC "). Third Quarter 2014 and Other Highlights: Net daily gas equivalent production averaged 1,080 MMcfe/d, a 91% increase over the prior year quarter Included net daily liquids production of 25,000 Bbl/d, a 217% increase over the prior year quarter Liquids comprised 28% of total product revenues before hedges and 14% of total equivalent volumes, increases of 54% and 66% over the prior year quarter, respectively  Realized natural gas price after hedging averaged $4.31 per Mcf, a $0.25 premium to Nymex Henry Hub Realized NGL price (C3+) averaged $46.66 per barrel, approximately 48% of Nymex WTI Realized natural gas equivalent price averaged $4.91...
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November 4, 2014 Antero Midstream Partners LP Prices Upsized Initial Public Offering Above the Range
  Antero Resources Corporation (NYSE: AR) ("Antero") today announced the pricing of the Antero Midstream Partners LP (the "Partnership") initial public offering of 40,000,000 common units representing limited partner interests in the Partnership at $25.00 per common unit. The Partnership was initially offering 37,500,000 common units at an estimated price range of $19.00 to $21.00 per common unit.  The Partnership has granted the underwriters a 30-day option to purchase up to an additional 6,000,000 common units.  The common units are expected to begin trading on the New York Stock Exchange on November 5, 2014 under the symbol "AM."  The Partnership will initially own gathering and compression assets that service Antero's production. The offering is expected to close on November 10, 2014 , subject to the satisfaction of customary closing conditions. Upon conclusion of the offering, the public will own 26.3% of the 151,881,914 outstanding common and subordinated...
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October 27, 2014 Antero Midstream Partners LP Launches Initial Public Offering
  Antero Resources Corporation (NYSE: AR) ("Antero") today announced the commencement of the Antero Midstream Partners LP (the "Partnership") initial public offering of 37,500,000 common units representing limited partner interests in the Partnership, at an anticipated initial public offering price between $19.00 and $21.00 per common unit, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (the " SEC ").  The Partnership expects to grant the underwriters a 30-day option to purchase up to an additional 5,625,000 common units.  The Partnership has been approved to list its common units on the New York Stock Exchange under the symbol "AM," subject to official notice of issuance.  The Partnership will initially own gathering and compression assets to service Antero's production. The common units being offered represent an approximate 24.7% limited partner interest in the Partnership (or approximately...
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October 27, 2014 Antero Resources Corporation Third Quarter 2014 Earnings Release and Call
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today announced that the Company plans to issue its third quarter 2014 earnings release on Wednesday, November 5, 2014 after the close of trading on the New York Stock Exchange .  The Company had previously scheduled the issuance of its third quarter 2014 earnings release on Monday, November 3 , 2014.  The revised issuance date is due to the marketing efforts for the initial public offering of common units representing limited partner interests in its wholly-owned subsidiary Antero Midstream Partners LP , which was launched today. A conference call is scheduled on Thursday, November 6, 2014 at 9:00 am MT to discuss the results.  A brief Q&A session for security analysts will immediately follow the discussion of the results for the quarter.  To participate in the call, dial in at 877-300-8521 (U.S.), 855-669-9657 (Canada), or 412-317-6026 (International) and reference passcode 10053701.  A...
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October 16, 2014 Antero Resources Announces Borrowing Base Increase to $4.0 Billion
(NYSE: AR) ("Antero" or the "Company") announced today that the borrowing base under its bank credit facility has been increased to $4.0 billion .  This represents a $1.0 billion increase over Antero's previous borrowing base announced in May 2014.  In addition, lender commitments under the facility were increased by $500 million to $3.0 billion .  The $3.0 billion commitment can be expanded to the full $4.0 billion borrowing base upon bank approval. The bank syndicate, which is co-led by JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A., was expanded to add five banks increasing the number of participants to 26 banks.  As of June 30, 2014, and adjusted for this borrowing base and lender commitment increase, Antero had $1.2 billion drawn under the credit facility and $237 million in letters of credit outstanding, resulting in $1.5 billion of available liquidity and over $2.5 billion of unused borrowing base capacity.  The next redetermination of the...
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October 14, 2014 Antero Resources Third Quarter 2014 Operations Update
Denver, Colorado, October 14, 2014—Antero Resources (NYSE: AR) (“Antero” or the “Company”) announced third quarter 2014 operational highlights today. Third quarter 2014 average net daily gas equivalent production was 1,080 MMcfe/d, a 91% increase over the prior year quarter and a 21% increase sequentially Third quarter 2014 average net daily liquids production was 25,000 Bbl/d, a 217% increase over the prior year quarter and a 24% increase sequentially  Realized natural gas price before hedging averaged $3.63 per Mcf, a $0.43 negative differential to Nymex Realized natural gas price after hedging averaged $4.31 per Mcf, a $0.25 positive differential to Nymex Realized NGL price (C3+) averaged $46.66 per barrel, or 48% of Nymex WTI Realized natural gas equivalent price including NGLs, oil and hedges averaged $4.91 per Mcfe Four-well RJ Smith pad in the Marcellus had a combined 56 MMcfe/d peak 30-day sales rate (21% liquids while rejecting ethane) Operating Update All operational...
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September 4, 2014 Antero Announces Pricing of Upsized Offering of Additional $500 Million of Senior Notes
  Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") announced today the pricing of its private placement to eligible purchasers of an additional $500 million in aggregate principal amount of 5.125% Senior Notes due December 1, 2022 at 100.5%, equating to a yield to call of 5.02%.  The new notes are being offered as additional notes under the indenture pursuant to which Antero issued $600 million in aggregate principal amount of its 5.125% Senior Notes due December 1, 2022 in a private placement on May 6, 2014 .  The new notes and the initial notes will have identical terms, other than the issue date, and will constitute part of the same series of securities. The offering is expected to close on September 18, 2014 , subject to customary closing conditions. Antero estimates that it will receive net proceeds of approximately $495.6 million, after deducting the initial purchasers' discounts and estimated expenses, which it intends to use to repay a portion...
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September 4, 2014 Antero Resources Announces Launch of Offering of Additional $400 Million Senior Notes
(NYSE: AR) ("Antero" or the "Company") announced today that, subject to market conditions, it intends to offer an additional $400 million in aggregate principal amount of its Senior Notes due December 1, 2022 in a private placement to eligible purchasers. The new notes are being offered as additional senior unsecured notes under an indenture pursuant to which Antero issued $600 million in aggregate principal amount of its 5.125% Senior Notes due December 1, 2022 in a private placement on May 6 , 2014. The new notes and the initial notes will have identical terms, other than the issue date, and will constitute part of the same series of securities. Antero intends to use the net proceeds of the offering to repay a portion of the outstanding borrowings under its credit facility. The securities to be offered have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws; and unless so registered, the securities may not be...
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August 26, 2014 Antero Resources Raises Production Guidance and Capital Budget
 Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today announced an update to its 2014 guidance, 2015 and 2016 production targets and capital budget. Guidance Update Driven by the successful execution of Antero's development program to date, along with its positive operating outlook for the remainder of the year, the Company is raising 2014 net production guidance to an average of 990 – 1,010 MMcfe/d, which is a 5% increase from the midpoint of previously announced guidance.  Antero estimates that second half 2014 net production will average 1,160 MMcfe/d, an increase of 100 MMcfe/d or 9% from the midpoint of previously estimated second half 2014 production.  Additionally, the average production target for 2015 has been increased to 1.5 Bcfe/d from a previous 1.4 Bcfe/d and the 2016 target has been increased to 2.2 Bcfe/d from a previous 2.1 Bcfe/d.  The Company has accelerated its initiatives to develop the highly rich gas areas of its...
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August 6, 2014 Antero Resources Reports Second Quarter 2014 Financial Results
(NYSE: AR) ("Antero" or the "Company") today released its second quarter 2014 financial results. The relevant financial statements are included in Antero's Quarterly Report on Form 10-Q for the quarter ended June 30, 2014 , which has been filed with the Securities and Exchange Commission (" SEC "). Second Quarter 2014 Highlights: Net daily gas equivalent production averaged 891 MMcfe/d, a 94% increase over the prior year quarter Included net daily liquids production of 20,237 Bbl/d, a 387% increase over the prior year quarter Liquids represented 27% of total product revenues before hedges and 14% of total volumes, increases of 166% and 150% over the prior year quarter, respectively  July 2014 net daily gas equivalent production averaged over 1 Bcfe/d, including over 26,000 Bbl/d of liquids Realized natural gas price before hedging averaged $4.49 per Mcf, a 3% increase over the prior year quarter and an approximate $0.18 negative differential to Nymex Realized NGL price (C3+)...
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July 17, 2014 Antero Resources Second Quarter 2014 Operations and Firm Transportation Update
(NYSE: AR) ("Antero" or the "Company") announced today second quarter 2014 operational highlights and an increase in its firm transportation position. Second quarter 2014 average net daily gas equivalent production was 891 MMcfe/d, a 94% increase over the prior year quarter and a 13% increase sequentially Second quarter 2014 average net daily liquids production was 20,200 Bbl/d, a 387% increase over the prior year quarter and a 25% increase sequentially; representing 14% of net gas equivalent production for the quarter  Recently achieved milestone of 1 Bcfe/d of net daily gas equivalent production Four-well Bee Lewis pad in the Marcellus had a combined 79 MMcfe/d peak 5-day sales rate while producing 1265 Btu gas (27% liquids while rejecting ethane); represents first four-well pad in the Highly-Rich Gas regime utilizing SSL completions Three-well Carpenter pad in the Utica had a combined 65 MMcfe/d initial 5-day sales rate while producing 1225 Btu gas (20% liquids while rejecting...
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July 15, 2014 Antero Reports Mid-Year 2014 Reserves
Mid-year 2014 proved reserves increased by 19% to 9.1 Tcfe (13% liquids) from year-end 2013 Proved developed reserves increased by 37% to 2.8 Tcfe (12% liquids) Pre-tax PV10 of proved reserves including hedges increased by 28% to $9.0 billion 3P reserves increased by 7% to 37.5 Tcfe (15% liquids) Pre-tax PV10 of 3P reserves including hedges increased by 24% to $26.4 billion Utica Shale dry gas position increased to 146,000 net acres and 9.5 Tcf of net resource Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced that proved reserves at June 30, 2014 were 9.1 Tcfe, a 19% increase compared to proved reserves at December 31, 2013, in each case assuming ethane rejection.  Proved, probable and possible ("3P") reserves at June 30, 2014 totaled 37.5 Tcfe, which represents a 7% increase compared to December 31, 2013, assuming ethane rejection. Antero's June 30, 2014 proved and 3P reserves excluded 356 and 1,425 million barrels of ethane, respectively, due to the...
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May 13, 2014 Antero Resources Announces Pricing of Secondary Public Offering of 12 Million Shares of Common Stock
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") announced today the pricing of an upsized underwritten public offering of 12 million shares of the Company's common stock (the " Offering ") held by Antero Resources Investment LLC (the "Selling Stockholder") at a price to the public of $62.00 per share.  The common stock is being sold in the Offering pursuant to an effective registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "Commission").  In addition, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to an additional 1.8 million shares of common stock.  The Company will not receive any proceeds from the sale of the common stock in the Offering.  The Offering is expected to close on May 19, 2014 , subject to customary closing conditions. Barclays, Citigroup, Credit Suisse and J.P. Morgan are acting as joint book-running managers for the Offering.  The...
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May 12, 2014 Antero Resources Announces Secondary Public Offering of Common Stock
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") announced today the commencement of an underwritten public offering of 10 million shares of the Company's common stock (the "Offering") held by Antero Resources Investment LLC (the "Selling Stockholder").  The common stock is being sold in the Offering pursuant to an effective registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "Commission").  In addition, the Selling Stockholder anticipates granting the underwriters a 30-day option to purchase up to an additional 1.5 million shares of common stock.  The Company will not receive any proceeds from the sale of the common stock in the Offering. Barclays, Citigroup, Credit Suisse and J.P. Morgan are acting as joint book-running managers for the Offering.  The Offering is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, copies of which, when...
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May 7, 2014 Antero Resources Reports First Quarter 2014 Financial Results
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today released its first quarter 2014 financial results. The relevant financial statements are included in Antero's Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 , which has been filed with the Securities and Exchange Commission (" SEC "). First Quarter Highlights: Record net daily gas equivalent production averaged 786 MMcfe/d, a 105% increase over the prior year quarter and 16% sequentially Record net daily liquids production averaged 16,332 Bbl/d, a 583% increase over the prior year quarter and 46% sequentially Realized natural gas price before hedging averaged $5.05 per Mcf, a 38% increase from the prior year quarter and an $0.11 per Mcf premium to the average NYMEX price for the quarter Realized NGL price (C3+) averaged $61.69 per barrel for the quarter, or 62% of NYMEX WTI Realized natural gas equivalent price including NGLs, oil and hedge settlements averaged $5.79 per Mcfe, a 10%...
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April 23, 2014 Antero Resources Announces Pricing of Upsized $600 Million Offering of Senior Notes
  Antero Resources Corporation (NYSE: AR) (" Antero " or the " Company ") announced today the pricing of its private placement to eligible purchasers of $600 million in aggregate principal amount of 5.125% senior unsecured notes due December 2022 at par.  The offering is expected to close on May 6, 2014 , subject to customary closing conditions. Antero estimates that it will receive net proceeds of approximately $591.6 million, after deducting the initial purchasers' discounts and estimated expenses, of which it intends to use $277.5 million to finance the redemption of its outstanding 7.25% senior notes due 2019 and intends to use the remaining net proceeds to repay a portion of the outstanding borrowings under its credit facility. The securities to be offered have not been registered under the Securities Act of 1933, as amended, (the "Securities Act"), or any state securities laws; and unless so registered, the securities may not be offered or sold in the United States...
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April 23, 2014 Antero Resources Announces Launch of $500 Million Offering of Senior Notes
Antero Resources Corporation (NYSE: AR) (" Antero " or the " Company ") announced today that, subject to market conditions, it intends to offer $500 million in aggregate principal amount of senior unsecured notes due 2022 in a private placement to eligible purchasers. Antero intends to use a portion of the net proceeds of the offering to finance the redemption of its outstanding 7.25% senior notes due 2019 and intends to use the remaining net proceeds to repay a portion of the outstanding borrowings under its credit facility. The securities to be offered have not been registered under the Securities Act of 1933, as amended, (the "Securities Act"), or any state securities laws; and unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes are expected to be eligible for trading by...
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April 16, 2014 Antero Announces Conference Call to Discuss First Quarter 2014 Financial Results
  Antero Resources Corporation (NYSE: AR) announced today that its first quarter 2014 financial results news release will be issued Wednesday, May 7 after the close of trading on the New York Stock Exchange . A conference call is scheduled on Thursday, May 8 at 9:00 am MDT.  A brief Q&A session for security analysts will immediately follow the results discussion.  To participate in the call, dial in at 877-418-5260 (U.S.), 866-605-3852 (Canada), or 412-717-9589 (International) and reference passcode 10044728. A telephone replay of the call will be available until Monday, May 19 at 9:00 am MDT at 877-344-7529 (U.S.) or 412-317-0088 (International) using the same passcode. A simultaneous webcast of the call may be accessed over the internet at www.anteroresources.com .  The webcast will be archived for replay on the Company's website until Monday, May 19 at 9:00 am MDT . Antero Resources is an independent oil and natural gas company engaged in the acquisition,...
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April 14, 2014 Antero Resources Operations and Firm Transportation Update
First quarter 2014 average net daily gas equivalent production is estimated to be 783 to 787 MMcfe/d, a 105% increase over the prior year quarter and 16% sequentially First quarter 2014 average net daily liquids production is estimated to be 16,000 to 16,500 Bbl/d, a 580% increase over the prior year quarter and 45% sequentially    First quarter 2014 average realized natural gas price before hedging is estimated to be $5.02 to $5.06 per Mcf, an approximate $0.08 to $0.12 premium to NYMEX after Btu upgrade; average natural gas equivalent price including NGLs, oil and hedges is estimated to be $5.76 to $5.80 per Mcfe, a 10% increase compared to the first quarter of 2013 First 15 Marcellus Shale wells with shorter stage length (SSL) completions had an average 180-day production rate of 8.1 MMcfe/d, 25% above the Company's non-SSL reserve report type curve Latest 9 Utica Shale wells had an average 30-day production rate of 15.3 MMcfe/d in ethane rejection (50% liquids) Utica...
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March 26, 2014 Antero Resources to be Major Ethane Supplier for Ascent
  Antero Resources (NYSE: AR) announced today that it has signed an agreement to become the anchor ethane supplier for the Ascent petrochemical complex in Wood County , West Virginia.  Under the Agreement, Antero intends to provide 30,000 Barrels per day of ethane to Ascent which represents almost half of the volume required to operate the Ascent ethane Cracker that is planned for the Parkersburg, West Virginia site. This agreement is contingent upon Ascent reaching a final investment decision once the multi-year feasibility analysis is completed and a construction decision has been made. "Today's announcement highlights one of the important benefits of shale gas production and demonstrates Antero's commitment to the growth of downstream manufacturing in the Appalachian Region," said CEO Paul Rady .  "We are excited to work with our partners at Odebrecht and Braskem to help position Ascent as a catalyst for regional economic development." The ethane supplied by...
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February 26, 2014 Antero Resources Reports Fourth Quarter and Year-End 2013 Financial and Operating Results
(Logo: http://photos.prnewswire.com/prnh/20131101/LA09101LOGO) Highlights: Average net production of 678 MMcfe/d in the fourth quarter of 2013, a 115% increase over the prior year quarter Adjusted net income of $73 million ($0.28 per share) for the fourth quarter of 2013, a 111% increase over the prior year quarter EBITDAX from continuing operations of $215 million in the fourth quarter of 2013, a 149% increase over the prior year quarter EBITDAX margin of $3.43 per Mcfe for the fourth quarter of 2013, a 17% increase over the prior year quarter Average net production of 522 MMcfe/d in 2013, a 119% increase over 2012 production from continuing operations Adjusted net income of $171 million ($0.65 per share) in 2013, a 215% increase over 2012 EBITDAX from continuing operations of $649 million in 2013, a 128% increase over the prior year Proved reserves of 7.6 Tcfe at year-end 2013, a 78% increase from 2012 at an all-in finding and development cost of $0.58 per Mcfe Fully engineered and...
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February 7, 2014 Antero Files Registration Statement for Midstream MLP
  Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced the filing of a Registration Statement on Form S-1 with the Securities and Exchange Commission for the initial public offering of its midstream business as a master limited partnership (the "MLP"). The number of common units to be offered and the price range for the offering have not been determined. Antero intends to apply for a listing of the common units on the New York Stock Exchange under the symbol "AM." The Company intends to contribute substantially all of its midstream assets to the MLP and expects to retain a substantial portion of the MLP's common and subordinated units. The MLP's general partner interest and incentive distribution rights will be owned by Antero Resources Investment LLC , the Company's primary stockholder. (Logo:  http://photos.prnewswire.com/prnh/20131101/LA09101LOGO) Barclays Capital Inc. , Citigroup Global Markets Inc. and Wells Fargo Securities, LLC will act as book...
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February 6, 2014 Antero Announces Conference Call to Discuss Fourth Quarter and 2013 Financial Results
  Antero Resources Corporation (NYSE: AR) announced today that its fourth quarter and 2013 calendar year financial results news release will be issued Wednesday, February 26 after the close of trading on the New York Stock Exchange . (Logo: http://photos.prnewswire.com/prnh/20131101/LA09101LOGO) A conference call is scheduled on Thursday, February 27 at 9:00 a.m. MT .  Topics of the teleconference will include financial results, operational results, and other matters with respect to the year-end and fourth quarter of 2013. A brief Q&A session for security analysts will immediately follow the results discussion.  To participate in the call, dial in at 877-418-5260 (U.S.), 866-605-3852 ( Canada ), or 412-717-9589 (International) and reference passcode 10040960. A telephone replay of the call will be available until March 10, 2014 at 877-344-7529 or 412-317-0088 (International) using the same passcode. A simultaneous webcast of the call may be accessed over the...
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February 4, 2014 Antero Reports 78% Increase in Proved Reserves to 7.6 Tcfe
Proved reserves increased by 78% to 7.6 Tcfe and 3P reserves increased by 62% to 35.0 Tcfe at year-end 2013 Proved developed reserves increased by 117% to 2.0 Tcfe at year-end 2013 Replaced 1,857% of estimated production in 2013 Achieved all-in finding and development costs of $0.58 per proved Mcfe during 2013 Increased proved reserves pre-tax PV10 by 133% to $7.0 billion, including hedges Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced that proved reserves at December 31, 2013 were 7.6 Tcfe, a 78% increase compared to proved reserves at December 31, 2012, in each case assuming ethane rejection.  Proved, probable and possible ("3P") reserves at year-end 2013 totaled 35.0 Tcfe, which represents a 62% increase compared to last year, assuming ethane rejection. Antero's December 31, 2013 proved and 3P reserves exclude 271 and 1,399 million barrels of ethane, respectively, which are not recovered in the Securities and Exchange Commission ("SEC") price case due...
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January 29, 2014 Antero Resources Announces 2014 Capital Budget and Guidance
Capital budget for 2014 is $2.6 billion including $1.8 billion for drilling and completion, $600 million for expanding midstream facilities and $200 million for core leasehold acreage acquisitions Net daily production for 2014 is projected to average 925 to 975 MMcfe/d, a 75% to 85% increase over estimated 2013 average net daily production Net daily liquids production for 2014 is projected to average 24,000 to 26,000 Bbl/d (16% liquids) Plan to operate an average of 18 drilling rigs between the Marcellus and Utica Shales in 2014 (Logo: http://photos.prnewswire.com/prnh/20131101/LA09101LOGO) Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced that it expects to invest approximately $2.6 billion in 2014 for drilling and completion, midstream and leasehold activities.  The Company expects its average 2014 production to grow organically by 75% to 85% over estimated 2013 average net daily production and is guiding to an average 2014 net production range of 925 to...
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January 27, 2014 Antero Resources Operational Update
Net daily production recently surpassed 750 MMcfe/d including 15,000 Bbl/d of liquids Fourth quarter 2013 average net daily production is estimated to be 675 to 680 MMcfe/d, above the midpoint of previously announced guidance range First 10 Marcellus Shale wells with shorter stage lengths (SSL) had an average 120-day wellhead production rate of 7.9 MMcf/d, 27% above the Company's type curve Five additional Utica Shale wells completed since 3rd quarter 2013 press release had an average 24-hour peak processed rate of 32.2 MMcfe/d assuming ethane recovery (65% liquids) First 11 core area Utica Shale wells had an average 30-day processed rate of 14.7 MMcfe/d, assuming ethane rejection (35% liquids), despite producing into an operating environment with 1,100 psi line pressure (no compression) First Utica compressor station recently completed and placed into operation (120 MMcf/d capacity) Firm takeaway capacity and sales has been expanded to 1.5 Bcf/d by year-end 2014 (Logo:...
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