Antero Resources released an operations update for the second quarter of 2015–and what a great update! Antero reports hitting a net daily production of 1,484 million cubic feet equivalent per day (or 1.5 billion cubic feet/day) in 2Q15–a 67% increase over 2Q14. During the last three months Antero drilled and completed 13 Marcellus Shale wells with an average lateral distance of 8,300 feet, and 10 Utica Shale wells with an average lateral of 10,600 feet. The company picked up another 4,400 acres of Marcellus/Utica Shale leases in 2Q15 in “liquids rich” Tyler County, WV, giving them another 67 Utica drilling locations–adding to the 1,900 Utica drilling locations they have on 181,000 acres of leases they own in WV and PA. Antero says they will spud (begin drilling) their very first WV Utica Shale well in Tyler County during the third quarter of this year. Below is the full update, followed by their latest PowerPoint presentation for July with lots of great charts, graphs and maps…
