Antero resources corporation reports impairment charges for the third quarter ended september 30, 2019; reports production results for the third quarter ended september 30, 2019; revises production guidance for the full year 2019; provides production guidance for the full year 2020

Antero resources corporation reported impairment of oil and gas properties for the third quarter ended september 30, 2019. for the quarter, the company reported impairment of oil and gas properties of $1,041,469,000 against $221,095,000 a year ago. the company reported production results for the third quarter ended september 30, 2019. for the quarter, the company reported production of natural gas of 210 bcf against 179 bcf a year ago. c2 ethane was 4,307 mbbl against 3,579 mbbl a year ago. c3+ ngls was 11,472 mbbl against 7,343 mbbl a year ago. oil was 865 mbbl against 978 mbbl a year ago. daily combined production was 3,367 mmcfe/d against 2,718 mmcfe/d a year ago.the company also revised production guidance for the full year 2019. for the period, the company is increasing full year production guidance to the top end of the range, or approximately 3,250 mmcfe/d, a 2% increase from the midpoint of the prior range of 3,150 to 3,250 mmcfe/d.the company is targeting land capital spending of approximately $50 million in 2020, resulting in a preliminary total capital target of $1.20 to $1.25 billion. this capital spending target is expected to deliver annual production growth of 8% to 10%.
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