Antero Resources -3.5% after Utica disappoints

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

Antero Resources (AR -3.5%) shares plunge as much as 11% before moderating, as the oil and natural gas producer cut its production estimates for two sections of its Utica holdings by 34% and for another section by 31%.

Overall, AR estimates its Q1 daily gas equivalent production of 783M-787M cfe/day, up 105% Y/Y and 16% Q/Q.

Separately, Kinder Morgan Partners (KMP) awards AR 100% of the capacity offered in Tennessee Gas Partners' binding open season for its proposed Broad Run flexibility and expansion projects.

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