marcellusdrilling.com
Antero Sells Marcellus/Utica Water Business to Itself for $1.05B | Marcellus Drilling News
Antero Resources announced today it will sell its integrated water delivery business in the Marcellus/Utica to itself for $1.05 billion. That is, Antero Resources (the drilling company) is selling the water business to Antero Midstream (subsidiary pipeline company) in what is called a "drop down" transaction--for more than a billion dollars. All lighthearted joking aside