Antero Resources Production Down 2%, Lost $20 Million in 3Q

Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest M-U driller in West Virginia), issued its third quarter 2024 update yesterday. The company reports net production averaged 3.4 billion cubic feet equivalent per day (Bcfe/d) during 3Q24, a decrease of 2% year-over-year. Of the company’s 2024 production, liquids (NGLs) averaged 206 thousand barrels per day (MBbl/d), an increase of 2% from 3Q23. Natural gas production averaged 2.2 Bcf/d, down 4% from 3Q23. The company lost $20 million in 3Q24 versus making $17.8 million in profit in 3Q23.

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