Record-Breaking Cost Efficiency
Drilling and completion capital was $620 million, 8% below initial guidance and nearly $300 million below 2023 CapEx. Production was 2% above initial guidance, averaging over 3.4 Bcf equivalent per day.
Drilling and Completion Efficiencies
Drill time reduced to 10 days, a 30% improvement from 2022. Completion stages per day averaged 12.2 in 2024, a 53% increase from 2022.
Record Premiums in NGL Pricing
Antero realized a $1.41 per barrel premium over Mont Belvieu in 2024. The fourth quarter premium was $3.09 per barrel, the highest in company history.
Positive Free Cash Flow
Despite a $2.27 natural gas price, Antero generated $73 million in positive free cash flow in 2024.
Strong Natural Gas Market Position
Antero expects a premium to NYMEX in the range of $0.10 to $0.20 in 2025, up from $0.02 in 2024, due to strategic transport positions.