Antero 1Q22: “King of Hedging” Now Unhedged – Great Pipes to Gulf
Antero Resources, one of the largest drillers in the Marcellus/Utica (with major assets in West Virginia) issued its first quarter 2022 update yesterday. We've often marveled at Antero's ability to make money on its natural gas and NGLs with hedging--preselling gas and NGLs at prices that beat whatever the current market price is at the time (see Antero 1Q21: Holds Production Steady, Reduces Debt, Hedging Champs). The "king of hedging" as CEO Paul Rady calls his company, is now...NOT hedging!
To view this content, log into your member account. (Not a member? Join Today!)