Antero Resources 1Q15: Production up Big 89% Over 2014

Antero Resources, one of the largest Marcellus/Utica drillers, continues to impress. Antero released first quarter 2015 numbers yesterday and they show an 89% increase in production over the same period last year, and a 17% increase in production over fourth quarter of 2014. Antero completed 41 Marcellus wells in 1Q15 and hooked 30 of them up to production. For those wells online for 30 or more days, they averaged 13 million cubic feet per day equivalent of natural gas. Antero currently operates 7 rigs and 2 completion crews in the Marcellus. The company reports not doing much in the way of drilling/completions in the Utica during 1Q15 mostly because they are transitioning to 7-pad units. They plan to drill another 45 Utica wells by the end of this year…

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