MDN Welcomes Antero Resources to the 1 Bcf/d Club

1 Bcf/d ClubEarlier this month Antero Resources, a large and growing driller in the Marcellus and Utica Shale, provided their second quarter financial and operations update. At the time, MDN observed they are getting close to a very exclusive milestone–the 1 billion cubic feet per day of natural gas production–or the “1 Bcf/d Club”. So far only Cabot Oil & Gas, Range Resources and EQT are in the club. Earlier this week Antero issued a guidance update declaring they will hit the 1 Bcf/d level in the second half of this year. Antero has revised UP their “guidance” by another 5%–saying they expect to be at 990 – 1,010 MMcfe/d for the entire year, and well beyond the 1 Bcf/d level (1,160 MMcfe/d) during the second half of the year. So, MDN officially says to Antero: Welcome to the club! Here’s Antero’s extensive guidance update issued Tuesday:

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