Antero Resources Gets Extra $250 Million Credit Line

Antero Resources was recently crowned as the driller with the most productive Utica Shale well in Ohio, a single well that will provide the company with an enormous amount of revenue (see WVU Prof Says Antero Well will Generate $300K Revenue…Per Day!). Apparently the publicity has been good for Antero, who announced today they’ve upped their line of credit at the bank–from $1.75 billion to a whopping $2 billion. So far Antero has used about $1 billion from their line of credit to finance drilling operations in the Utica and Marcellus Shale.

Must be the bankers at JPMorgan Chase and Wells Fargo were impressed with the performance of Antero’s latest wells–$250 million impressed…

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