Antero 1Q21: Holds Production Steady, Reduces Debt, Hedging Champs

Antero Resources, which drills almost exclusively in the West Virginia Marcellus/Utica, issued its first-quarter 2021 update yesterday. Antero is the third-largest natural gas producer in the U.S. and the second-largest NGL producer. Big company. Important company. Antero is also one of the best hedgers (preselling production at a set price) in the business. During 1Q21 Antero averaged $4.03 per Mcfe (thousand cubic feet equivalent)--which was $1.34/Mcfe *above* the average NYMEX futures price in 1Q21.

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