Antero to Drill 50-55 New Wells, Spend $100M on New Leases in 2025

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 fourth quarter 2024 update last week. The company reports net production in 4Q24 averaged 3.43 Bcfe/d, up ever-so-slightly from 3.42 Bcfe/d in 4Q23. Natural gas production averaged 2.1 Bcf/d, a 7% decrease from the same period in 2023. Liquids (NGL) production averaged 217 MBbl/d, a 14% increase from the year-ago period. A little less gas, a little more liquids. Antero achieved a net income of $150 million and adjusted net income of $181 million. Additionally, the company realized a 27% reduction in drilling and completion capital expenditures compared to the prior year.

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