Antero Resources has reported an update on its Q2 Marcellus Shale operations.
Antero is currently operating 15 drilling rigs in the Marcellus Shale play, including three intermediate rigs that will drill the vertical section of some horizontal wells to the kick-off point at approximately 6,000 feet. All 15 of these rigs are drilling in northern West Virginia. The Company plans to move one of the drilling rigs to the Utica Shale late in the third quarter of 2013. Currently, Antero has 620 MMcf/d of gross operated production in the Marcellus Shale virtually all of which is from 182 horizontal wells, resulting in 545 MMcfe/d of estimated net production.