Antero Resources +2% as Q2 production passes 1B cfe/day

|About: Antero Resources Corporation (AR)|By:, SA News Editor

Antero Resources (AR +2.1%) moves higher after announcing after the close yesterday it produced 891M cfe/day during Q2, a 94% Y/Y and 13% Q/Q improvement, as it set a company record and passed the milestone of 1B cfe/day of net daily production.

AR's four-well Bee Lewis pad in the Marcellus had a combined 79M cfe/day peak five-day sales rate while producing 1265 Btu gas, while the three-well Carpenter pad in the Utica had a combined 65 Mcfe/day initial five-day sales rate while producing 1225 Btu gas.

AR also said it signed a supply pact with Cheniere Energy (NYSEMKT:LNG) for 200M Btu/day of liquified natural gas.