Antero Resources says it is reducing 2020 capital spending to $1B, down $150M from prior guidance, but leaves production guidance unchanged, according to an investor presentation at the Scotia Howard Weil energy conference.
Pipeline affiliate Antero Midstream cuts its 2020 capex plan to $250M-$275M from its previous outlook of $300M-$325M.
Antero says the spending cuts will come mostly from additional drilling and completion efficiency gains.