Antero Midstream Partners Investor Presentation Deck
Lateral Feet
Drilling Days
Drilling and Completion Efficiencies
Drilling Days
35
30
5
0
18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
Marcellus Down 59%
2014
2015
2014
2016 2017 4Q 2018 RECORD
Marcellus Utica
Average Lateral Length per Well
24% Increase
2015
12
2017
18
00
10,093
10
15,075
11,412
4Q 2018
17,445
2016
Marcellus
Utica
Note: Utica 4Q 2018 results reflect YTD results, as Antero did not operate any rigs in the Utica during 2H18.
Note: Percentage increase and decrease arrows represent change in Marcellus data from 2014 to 4Q 2018.
APPENDIX | COST EFFICIENCY DRIVERS
RECORD
10.0
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
Stages per Day
6,000
5,000
4,000
3,000
$2,000
1,000
Completion Stages per Day
2014
78% Increase
2014
2015
4.6
2016
■Marcellus Utica
Average Lateral Feet per Day
2015
3.6
2016
■Marcellus
286% Increase
5.7
4.9
2017
Utica
9.0
2017 4Q 2018 RECORD
5,081
2,901
th
Antero
Mondiss
10.0
8,206
5,169
4Q 2018 RECORD
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