February 28, 2017
Antero Resources Reports Fourth Quarter and Full Year 2016 Financial and Operational Results
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today released its fourth quarter and full-year 2016 financial and operating results. The relevant financial statements are included in Antero's Annual Report on Form 10-K for the year ended December 31, 2016 , which has been filed with the Securities and Exchange Commission (" SEC "). Fourth Quarter Highlights Include: Net daily gas equivalent production averaged a record 1,990 MMcfe/d (26% liquids), a 33% increase over the prior year quarter This includes a record 86,857 Bbl/d of liquids production, a 59% increase over the prior year quarter Liquids production contributed 30% of total product revenues, before hedging Realized $0.07 per Mcf premium to Nymex natural gas price before hedging, or $3.05 per Mcf Realized C3+ NGL price of $25.22 per barrel, 51% of Nymex WTI price before hedging Realized natural gas equivalent price of $4.26 per Mcfe including NGLs, oil and hedges GAAP net loss of $486 million, or...
February 1, 2017
Antero Resources Announces 16% Increase in Estimated Proved Reserves to 15.4 Tcfe
Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced estimated reserves as of December 31 , 2016. Highlights: Proved reserves increased by 16% to 15.4 Tcfe at year-end 2016 (39% liquids) Pre-tax PV-10 of proved reserves at year-end 2016 was $9.8 billion at 12/31/2016 strip pricing, including hedges Proved developed reserves increased by 18% to 6.9 Tcfe at year-end 2016 $0.39 per Mcfe drill bit only finding and development cost for 2016 $0.52 per Mcfe all-in finding and development cost for proved reserve additions from all sources for 2016 $0.45 per Mcfe future development cost for year-end 2016 proved undeveloped reserves 3P reserves increased by 25% to 46.4 Tcfe at year-end 2016 (29% liquids) Pre-tax PV-10 of 3P reserves at year-end 2016 was $16.7 billion at 12/31/2016 strip pricing, including hedges Antero's estimated proved reserves at December 31, 2016 were 15.4 Tcfe, a 16% increase compared to estimated proved reserves at December 31, 2015. Proved, probable...
January 11, 2017
Antero Resources Announces Fourth Quarter and Full-Year 2016 Earnings Release Date and Conference Call
Antero Resources (NYSE: AR) ("Antero" or the "Company") announced today that the Company plans to issue its fourth quarter and full-year 2016 earnings release on Tuesday, February 28, 2017 after the close of trading on the New York Stock Exchange . A conference call is scheduled on Wednesday, March 1, 2017 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 1-888-347-8204 (U.S.), 1-855-669-9657 (Canada), or 1-412-902-4229 (International) and reference "Antero Resources". A telephone replay of the call will be available until Friday, March 10, 2017 at 9:00 am MT at 1-877-870-5176 (U.S.) or 1-858-384-5517 (International) using the passcode 10098004. To access the live webcast and view the related earnings conference call presentation, visit Antero's website at www.anteroresources.com . The webcast will be archived for replay on the Company's...
January 4, 2017
Antero Resources Announces 2017 Capital Budget and Guidance and Long-Term Outlook
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today announced its 2017 capital budget and guidance and provided a long-term outlook through 2020. Highlights Include: Drilling and completion capital budget of $1.3 billion and land budget of $200 million for 2017 Plan to operate an average of seven drilling rigs between the Marcellus and Utica Shale plays Plan to complete 170 horizontal wells in 2017 and exit the year with 30 drilled but uncompleted wells Net daily production is expected to average 2,160 to 2,250 MMcfe/d in 2017, 20% to 25% higher than 2016 guidance Net daily liquids production is projected to grow 21% to 32% over the prior year guidance to 88,500 to 96,500 Bbl/d Targeting a compound annual growth rate of 20% to 22% for net production from 2018 through 2020 Targeting drilling and completion spend within consolidated cash flow from operations through 2020, resulting in a declining leverage profile to mid 2.0-times by 2018 Forecasting a positive per...