Antero’s Daily Natgas Production Surpasses Range in 1Q15

Antero Resources, one of the largest Marcellus/Utica drillers, issued their first quarter 2015 update yesterday. They report an incredible 89% increase in average daily production for 1Q15 over 1Q14. Antero’s average daily production for 1Q15 was 1,485 Mmcfe/d (million cubic feet equivalent per day). Compare that to Range Resources, that had 1,328 Mmcfe/d. Antero’s daily output was 12% higher! The impression one always gets is that Range is the big boy in the Marcellus. While true, it’s interesting that Antero has now eclipsed Range in daily production. Something worth noting. It’s not all good news for Antero, however. Like other drillers, net income for Antero went down 20% year over year for the first quarter. Here’s the Antero update…

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