Appalachian gas giant Antero Resources is keeping its capital spending relatively constant in 2017 at $1.5 billion but said it can grow production by as much as 25% in the coming year without an increase in investment.

Denver-based Antero plans to spend $1.3 billion on drilling and completions – exactly the same as 2016 – and increase its budget to acquire acreage to $200 million in 2017, compared to $100 million in 2016, for a total capital spending budget of $1.5