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
First DUC pad turn-to-sales timing
“the first quarter of 2025”
Period
Q1 FY2025
Measure
Company-defined measure
Source
Prose
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)
“$0.12”
First DUC pad turn-to-sales timing for Q1 FY2025
“the first quarter of 2025”
Second DUC pad turn-to-sales timing for Q3 FY2025
“the third quarter of 2025”
Turn-to-sales second DUC pad
“third quarter of 2025”
Exhibit 99.1 · the passage around this item
… earlier in the release
Antero’s portfolio includes lean gas development in its capital budget for high gas productivity and
midstream infrastructure availability. The hedges were added to lock in attractive rates of returns on the two deferred pads. Antero
expects to turn-to-sales the first DUC pad during the first quarter of 2025 and the second DUC pad in the third quarter of 2025. Antero
did not enter into any new liquids hedges during the fourth quarter of 2024. For more detail please see the presentation titled “Hedge
and Guidance Presentation” on Antero’s website.
2
Natural Gas
MMBtu/d
Weighted
Average Index
Price ($/MMBtu)
% of Estimated
Natural Gas
Production (1)
2025 NYMEX Henry Hub Swap
100,000
$ 3.12
4 %
Weighted Average Index
Natural
Gas
MMBtu/d
Ceiling Price
($/MMBtu)
Floor Price
($/MMBtu)
% of Estimated
Natural Gas
Production (1)
2026 NYMEX Henry Hub Collars
30,000
$ 4.27
$ 3.25
1 %
(1) Based on the midpoint of 2025
natural gas guidance (including BTU upgrade)
Fourth Quarter 2024 Financial Results
Net daily natural gas equivalent production in
the fourth quarter averaged 3.4 Bcfe/d, including 217 MBbl/d of liquids. Antero’s average realized natural gas price before hedges
was $2.77 per Mcf, a $0.02 per Mcf discount to the benchmark index price. Antero’s average realized C
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.