Antero Resources Expands Credit Line by $250M for More Drilling

Antero Resources is a major Marcellus and Utica Shale driller, headquartered in Denver, CO. Last Friday, Antero announced they’ve upped their credit line with a banking syndicate by an additional $250 million (their full credit line is now $1.45 billion). They hint that they may expand their line of credit to the “full $1.75 billion borrowing base” in the future.

Here’s the announcement that Antero now has more cash to help with drilling in the Marcellus/Utica:

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