Antero Resources
Posted: Fri Feb 03, 2017 10:30 am
Antero Resources (AR) announced reserves estimates Feb. 1, showing an increase of 16% over the year.
Proved reserves increased to 15.4 Tcfe at year end 2016, up from 13.2 Tcfe, representing growth of 16%. These reserves are comprised of 61% natural gas, 37% NGLs and 2% oil. 87% of these proved reserves are from Marcellus shale holdings, while the Ohio Utica accounts for 13%. 3P (proved, probable, and possible) reserves increased by 25% in 2016 to 46.4 Tcfe.
Read: http://www.oilandgas360.com/antero-reso ... 15-4-tcfe/
I am expecting all of the Sweet 16 to report significant increases in their proven reserves. This will reduce DD&A expense going forward, increasing reported EPS. Not much is being reported about the improving NGL markets, which are very important to AR, RRC and GPOR. - Dan
Proved reserves increased to 15.4 Tcfe at year end 2016, up from 13.2 Tcfe, representing growth of 16%. These reserves are comprised of 61% natural gas, 37% NGLs and 2% oil. 87% of these proved reserves are from Marcellus shale holdings, while the Ohio Utica accounts for 13%. 3P (proved, probable, and possible) reserves increased by 25% in 2016 to 46.4 Tcfe.
Read: http://www.oilandgas360.com/antero-reso ... 15-4-tcfe/
I am expecting all of the Sweet 16 to report significant increases in their proven reserves. This will reduce DD&A expense going forward, increasing reported EPS. Not much is being reported about the improving NGL markets, which are very important to AR, RRC and GPOR. - Dan