Investor Presentaiton
Largest Low Cost Inventory in Appalachia
Antero Scale & Inventory Summary
Scale
Top 6 U.S. Natural Gas Producer
Top 4 U.S. NGL Producer
Sub-$2.00/Mcf Breakeven Locations
1,000
3rd Party Estimates
Inventory (Antero Estimates)
Premium Core Inventory
·
1,500+ Undeveloped Locations
Inventory Life
~75 wells drilled per year
= 20+ Years of Premium
Core Drilling Inventory()
750
500
250
RRC
EQT +
Tug Hill
SWN
CHK
CNX
Source: Enverus Intelligence.
10+ Years of Sub-$2.00/Mcf
Breakeven Locations(²)
1)
| Antero Resources (NYSE: AR)
AR internal drilling inventory as of 12/31/22. Industry location count based on Antero technical analysis of undeveloped
acreage in the core of the Marcellus and Ohio Utica Shales.
2)
Assumes ~75 wells per year drilling program.
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