Antero latest natural gas driller to cut spending, activity as prices collapse (NYSE:AR)

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Antero Resources (NYSE:AR) ended +10.9% in Thursday’s trading to its best close so far this year after reporting better than expected Q4 earnings and saying it plans to cut its 2024 drilling and completion capital budget by 26% to $650M-$700M.

The company said it is lowering the number of rigs in operation to two from three, and dropping one of its two completion crews.

More on Antero Resources and EQT Corp.

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