Exploration & Production | Top Story | Capital Markets | Capital Expenditure | Private Equity Activity
Antero Allocates $1.65B for 2013 Marcellus Well, Midstream Ops
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Antero Resources has detailed its planned capital budget for 2013 as well as its 2013 outlook.
Antero's capital budget for 2013 is $1.65 billion and includes $1.15 billion for drilling and completion, $350 million for the construction of gathering pipelines and facilities in the Appalachian Basin including $150 million for water-handling infrastructure primarily in the Marcellus Shale and$150 million for leasehold. The capital budget excludes acquisitions.
All of the $1.15 billion drilling and completion budget is allocated to Antero-operated drilling, and virtually all of the 2013 drilling and completion budget is allocated to drilling rich gas acreage. Approximately 87% of the drilling and completion budget is allocated to the Marcellus Shale and the remaining 13% is allocated to the…
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