HighGravityDataAntero Resources — Feb 12, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-25-012276
Showing in the filing
Net Daily C3+ NGL Production (MBbl/d)
“113”
Period
No period stated
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 31
Maintenance production targets for FY2025
“3.35 to 3.45 Bcfe/d”
Net Daily Natural Gas Equivalent Production …
“3.35”
Realized natural gas price premium to NYMEX for FY2025
“$0.10 to $0.20 per Mcf”
Natural Gas Realized Price Premium vs. NYMEX…
“$0.10”
Realized C3+ NGL price premium to Mont Belvieu for FY2025
“$1.50 to $2.50 per barrel”
C3+ NGL Realized Price Premium vs. Mont Belv…
“$1.50”
Drilling and completion capital budget for FY2025
“$650 to $700 million”
Net production for FY2025
“3.35 and 3.45 Bcfe/d”
Land capital for FY2025
“$75 million to $100 million”
Drilling & Completion
“$650”
Land
“$100”
Total E&P Capital
“$725”
Drilled Wells (Net) for FY2025
“50 to 55”
Drilled Wells Average Lateral Length (Feet) for FY2025
“13,100”
Drilled Wells (Net)
“13,100”
Completed Wells (Net) for FY2025
“60 to 65”
Completed Wells Average Lateral Length (Feet) for FY2025
“13,700”
Completed Wells (Net)
“13,700”
Net Daily Natural Gas Production (Bcf/d)
“2.16”
Total Net Daily Liquids Production (MBbl/d)
“198”
Net Daily C3+ NGL Production (MBbl/d)
“113”
Net Daily Oil Production (MBbl/d)
“11”
Net Daily Ethane Production (MBbl/d)
“76”
Ethane Realized Price Premium vs. Mont Belvi…
“$1.00”
Oil Realized Price Differential vs. WTI Oil …
“$(12.00)”
Cash Production Expense ($/Mcfe) (1)
“$2.55”
Marketing Expense, Net of Marketing Revenue …
“$0.04”
G&A Expense ($/Mcfe) (2)
“$0.12”
First DUC pad turn-to-sales timing for Q1 FY2025
“the first quarter of 2025”
Second DUC pad turn-to-sales timing for Q3 FY2025
“the third quarter of 2025”
Turn-to-sales second DUC pad
“third quarter of 2025”
Exhibit 99.1 · the passage around this item
… earlier in the release
Capital Budget ($ in Millions)
Low
High
Drilling & Completion
$ 650
$ 700
Land
$ 75
$ 100
Total E&P Capital
$ 725
$ 800
#
of Wells
Net
Wells
Average
Lateral
Length (Feet)
Drilled Wells (Net)
50
to 55
13,100
Completed Wells (Net)
60 to 65
13,700
The following is a summary of Antero Resources’
2025 production, pricing and cash expense guidance:
Production Guidance
Low
High
Net Daily Natural Gas Equivalent Production
(Bcfe/d)
3.35
3.45
Net Daily Natural Gas Production
(Bcf/d)
2.16
2.2
Total Net Daily Liquids Production
(MBbl/d):
198
208
Net Daily C3+ NGL Production (MBbl/d)
113
117
Net Daily Ethane Production (MBbl/d)
76
80
Net Daily Oil Production (MBbl/d)
9
11
Realized Pricing Guidance
(Before Hedges)
Low
High
Natural Gas Realized Price Premium vs. NYMEX
Henry Hub ($/Mcf)
$ 0.10
$ 0.20
C3+ NGL Realized Price Premium vs. Mont Belvieu ($/Bbl)
$ 1.50
$ 2.50
Ethane Realized Price Premium vs. Mont Belvieu ($/Bbl)
$ 1.00
$ 2.00
Oil Realized Price Differential vs. WTI Oil ($/Bbl)
$ (12.00 )
$ (16.00 )
Cash Expense Guidance
Low
High
Cash
Production Expense ($/Mcfe) (1)
$ 2.45
$ 2.55
Marketing Expense, Net of Marketing Revenue ($/Mcfe)
$ 0.04
$ 0.06
G&A
Expense ($/Mcfe) (2)
$ 0.12
$ 0.14
(1) Includes lease operating, gathering,
compression, processing and transportation expenses (“GP&T”) and production
and ad valorem taxes.
(2) Excludes equity-based compensation.
Commodity Derivative Positions
Antero added new natural gas hedges for 2025
and 2026 with amounts tied to the completion of two lean (approximately 1200 B
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.