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Appalachian Heavyweights Cranking Up Natural Gas Supplies as Wells, Operations Outperform

Natural Gas Intelligence · last updated

Nearly all of the Appalachian Basin’s leading producers this earnings season have announced plans to increase natural gas production that could ultimately add nearly 1 Bcf/d of supplies to the market this year.

Natural Gas Intelligence's (NGI) spot Appalachia Regional Avg. daily natural gas price graph showing historical market volatility.

Antero Resources Corp. is the latest to say operational efficiencies would drive up its production in 2025. The company increased production guidance from 3.4 to 3.45 Bcfe/d and cut capital spending by $25 million at the high end to a range of $650-675 million.

Antero CEO Paul Rady said the company expects natural gas demand to grow by more than 25% by 2030 due to rising LNG exports and increasing power demand that’s expected to be fueled by artificial intelligence data centers.

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