Antero Resources sees Q4 net daily gas equivalent production 2,347 MMcfe/d
Preliminary Fourth Quarter 2017 Highlights Include: Average net daily gas equivalent production was 2,347 MMcfe/d, an 18% increase over the prior year quarter. Realized natural gas price before settled commodity derivatives averaged $2.80 per Mcf, a $0.13 negative differential to Nymex, and tighter than fourth quarter guidance of a negative differential of $0.15-$0.20. Realized C3+ NGL price before settled commodity derivatives averaged $39.16 per barrel (71% of WTI), a 55% increase as compared to the fourth quarter of 2016 and a 35% increase sequentially. Fourth quarter stand-alone E&P net income expected to be in the range of $490 to $510 million, with consolidated net income or loss, including noncontrolling interest, of $525 to $560 million. Fourth quarter Stand-alone E&P Adjusted EBITDAX expected to be in the range of $370-$385 million with consolidated Adjusted EBITDAX of $430-$445 million, above the midpoint of previous fourth quarter guidance.