At the beginning of the month, Antero Resources reported a net loss of $154 million, despite turning a record number of wells to production in the Appalachian Basin during the third quarter, according to Kallanish Energy.

Antero turned 73 total wells to production, which included 58 in the Marcellus Shale and 15 in the Utica Shale.

“We completed more wells in the third quarter than any other quarter in Antero’s history, with 73 wells turned to sales, a testament to the company’s outstanding operational team,” said chairman and CEO Paul Rady, in a statement.

During the same period last year, the company reported a net loss of $135 million.

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