Antero 4Q: Sending Gas for LNG Exports to Gulf Coast & Cove Point

Antero Resources, one of the biggest Marcellus/Utica drillers with 3.2 Bcfe/d (billion cubic feet equivalent per day) of production, issued its fourth-quarter and full-year 2021 update yesterday. The company earned $901 million in 4Q21, up from $70 million in 4Q20, but still lost $187 million for the full year due to hedges gone bad. Antero generated $237 million and $849 million of Free Cash Flow during the fourth quarter and full year of 2021, respectively. The company placed 10 Marcellus wells and four Utica wells online to sales during 4Q. Antero plans to drill 60-65 new wells in 2022.

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