Appalachian shale drillers are pledging to return billions of dollars to investors through share buybacks while keeping a lid on production growth as cash flow swells.
Antero Resources Corp., which explores natural gas fields primarily in West Virginia and Ohio, said Wednesday it may repurchase up to $1 billion in stock starting next week as part of plan to return as much as 50% of free cash flow over the next few years. That follows similar announcements by CNX Resources Corp. and EQT Corp.
