Antero 3Q: Sets Production Record, Shuts In Gas Selling for 60 Cents

Antero Resources, the biggest driller in West Virginia, pumped out a company-record 4.234 Bcfe/d (billion cubic feet equivalent per day) in 3Q26. That's up 23% from a year ago. And Antero did it while shutting in more than 100 MMcfe/d of dry gas on purpose, because local prices got so bad that on some weekends in September and October, gas went for 60 to 65 cents. Antero plans to shut in even more gas in 4Q, so it lowered its 4Q forecast to 4.3 Bcfe/d. Back in July, it promised 4.4 to 4.5 Bcfe/d. The good news? Antero says prices for its natural gas liquids (NGLs), meaning propane, butane, and their cousins, have jumped about 50% since 3Q ended. And Antero hedges almost none of its NGLs, so it keeps nearly all of that gain.

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