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Antero Resources Acquires Marcellus and Utica Acreage

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Antero Resources Acquires Marcellus and Utica Acreage

Antero Resources recently closed an acquisition of approximately 4,400 net acres with both Marcellus Shale and Utica Shale potential for approximately $33.6 million. 

The acreage is located in the core of the Marcellus Shale liquids rich window in Tyler County, West Virginia, adjacent to existing Antero acreage, and also includes Utica Shale rights.  The acquired acreage is directly adjacent to a third-party Utica Shale well with the second highest announced initial production rate per 1,000' of lateral to date.  Through this transaction, Antero has identified 83 gross drilling locations in the Marcellus "Highly-Rich Gas/Condensate" regime that are either impacted through increased working interest or added as completely new locations and expects to add approximately 392 Bcfe of net…

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