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This statistic highlights Antero Resources’ Average Daily Production Volume, split across Combined, NGL, Natural Gas, and Oil, reported on a quarterly basis from Q1 2016 onwards.
Item | Q3 2021 | Q4 2021 | Contribution in Q4 2021 |
Combined (Bcfe) | 3.32 | 3.27 | 2% |
NGL (MBbl) | 48.6 | 45.9 | 28% |
Natural gas (Bcf) | 2.3 | 2.3 | 1% |
Oil (MBbl) | 114 | 109.7 | 68% |
Total | 168.2 | 161.1 | 100% |
(all the figures are in units, except percentages)
According to the given table, the total average daily production has been subject to multiple fluctuations. The total average daily production has increased from 18.5 units in Q4 2020 to 161.1 units in Q4 2021, marking a massive percentage increase of 770% on a year-on-year basis. However, the total average daily production has decreased from 168.2 units in Q3 2021 to 161.1 units in Q4 2021, marking a percentage decrease of 4% on a quarter-on-quarter basis.
In the above table, the symbols Bcfe, MBbl and Bcf stand for certain measurements. Bcfe represents one billion cubic feet of natural gas equivalent to one barrel of oil, condensate, or NGLs converted to six thousand cubic feet of natural gas. MBbl represents one thousand barrels of crude oil, condensate or NGLs. Bcf stands fro one billion cubic feet of natural gas.
The total revenue of Antero Resources can be further bifurcated into the following:
Combined
The total average daily production in this segment can be seen decreasing at a marginal rate. The total average daily production of this segment has decreased from 3.7 units in Q4 2020 to 3.32 units in Q4 2021, marking a percentage decrease of 12% on a year-on-year basis. However, the total average daily production of this segment has decreased from 3.27 units in Q3 2021 to 3.32 units in Q4 2021, marking a percentage decrease of 2% on a quarter-on-quarter basis. This segment has contributed 2% to the total average daily production in the latest quarter.
NGL
The total average daily production in this segment can be seen increasing at an exponential rate. The total average daily production of this segment has increased from 0.0 units in Q4 2020 to 45.9 units in Q4 2021. The total average daily production of this segment has decreased from 48.6 units in Q3 2021 to 45.9 units in Q4 2021, marking a percentage decrease of 6% on a quarter-on-quarter basis. This segment has contributed 28% of the total average daily production in the latest quarter.
Natural Gas
The total average daily production in this segment can be seen decreasing at a marginal rate. The total average daily production of this segment has decreased from 2.5 units in Q4 2020 to 2.3 units in Q4 2021, marking a percentage decrease of 9% on a year-on-year basis. Moreover, the total average daily production of this segment remained at 2.3 units in both Q3 2021 and Q4 2021. This segment has contributed 1% of the total average daily production in the latest quarter.
Oil
The total average daily production in this segment can be seen increasing at a good rate. The total average daily production of this segment has increased from 12.3 units in Q4 2020 to 109.7 units in Q4 2021, marking a percentage increase of 794% on a year-on-year basis. Whereas, the total average daily production of this has decreased from 114.0 units in Q3 2021 to 109.7 units in Q4 2021, marking a percentage decrease of 4% on a quarter-on-quarter basis. This segment has contributed 68% of the total average daily production in the latest quarter.
Antero Resources Corporation is involved in hydrocarbon exploration. It is based in Delaware and stationed in Denver, Colorado. The company’s reserves are entirely in the Appalachian Basin and are extracted using hydraulic fracturing. In the Appalachian Basin, 92% of the reserves were in the Marcellus Shale and 8% of them were in the Utica shale. As of December 31, 2021, the company had 17,729 billion cubic feet (502 billion cubic meters) of estimated proved reserves, of which 61% was Natural gas, 21% was ethane, 17% was Natural gas liquids, and 1% was petroleum.
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