Antero Resources 2019: Spending & Drilling Less, Producing More

Antero Resources, a “pure play” driller focused on wet gas drilling in the Marcellus/Utica region, released its 2019 capital budget and production “guidance” (estimates) yesterday. We found some interesting things in the press release and accompanying slide presentation.
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When the radical left repeatedly loses court cases, they put on their arrogant “civil” disobedience clothes and pronounce they are engaging in the age-old American practice of resisting an unethical practice or situation. Is it time for Exxon Mobil to do the same?

Shale, pipelines bringing jobs to West Virginia; Peoples announces commitment to reduce methane emissions by 50% in Pittsburgh; Scott Rotruck joins Orion Strategies’ Pittsburgh office; AOC and green Hulk reveal the fractivist playbook; U.S. drilling permits finish strong in 2018, but start slow in 2019; Go public on a blank check? It can work if you’re an energy star; Record-breaking year for LNG World News with almost 1 million visitors; Saudi Arabia potentially eyeing U.S. LNG investment.
On Monday EQT Corporation, the largest natural gas producing company in the U.S., laid off “more than 100” (possibly as many as 132) employees, and issued a letter to shareholders trying to gin up support for the company’s “new” course of action.
Although Snyder Brothers Inc. valiantly fought a legal battle against the Pennsylvania Public Utility Commission (PUC) over paying impact fees (taxes) on low-producing “stripper wells,” they lost. But it wasn’t just Snyder Bros. withholding impact fees on stripper wells.
In typical lib Dem thinking, Pennsylvania Gov. Tom Wolf thinks he can wave his magic Executive Order wand and lower so-called greenhouse gas emissions (carbon dioxide and fugitive methane) to help save Mom Earth.
New England refuses to build new natural gas transmission pipelines to carry abundant, cheap, clean-burning Marcellus Shale gas to the region–and instead continues to rely on imported LNG from Russia and burning dirty fuel oil to generate electricity when the nights get really cold.
The results are in from a recently released 2018 Oil & Gas Midstream Services Customer Satisfaction Survey conducted by EnergyPoint Research. This year’s top overall rating for the country’s best midstream (i.e. pipeline) company goes to…