Antero Resources Corporation provided operating and capital expenditure guidance for the year 2014. The company announced that it expects to invest approximately $2.6 billion in 2014 for drilling and completion, midstream and leasehold activities. The company expects its average 2014 production to grow organically by 75% to 85% over estimated 2013 average net daily production and is guiding to an average 2014 net production range of 925 to 975 MMcfe/d. The company's capital budget for 2014 is $2.6 billion and includes $1.8 billion for drilling and completion, $600 million for the expansion of midstream facilities, including $200 million for fresh water distribution infrastructure, and $200 million for core leasehold acreage acquisitions.

During 2014, the company plans to operate an average of 14 drilling rigs in the Marcellus Shale, including three intermediate rigs that drill the vertical section of some horizontal wells to kick-off point, and 4 drilling rigs in the Utica Shale. The company expects to spud 144 horizontal wells in the Marcellus Shale with an average lateral length of 7,700 feet and 49 horizontal wells in the Utica Shale with an average lateral length of 7,300 feet. The company plans to complete 140 wells in the Marcellus Shale and 41 wells in the Utica Shale in 2014.

Total net production, including liquids, is expected to average in a range of 925 to 975 MMcfe/d which would represent a year over year increase of 75% to 85% compared to its estimated 2013 average net production. Net liquids production is expected to increase to an average of 24,000 to 26,000 Bbl/d in 2014, primarily driven by increasing development of liquids-rich areas of the southwestern core in the Marcellus Shale and a full year of development in the liquids-rich core area of the Utica Shale in southern Ohio.