Last week MDN told you we noticed references that Denver-based Antero Resources’ plans for the Marcellus Shale in 2013 would be “aggressive” (see Antero Says 2013 Plans for WV Drilling are “Aggressive”). We now know just how aggressive.
Antero’s capital budget for 2013 is $1.65 billion. They plan to spend all of it drilling in the Marcellus and Utica Shale. We’d call that “all in” on the Marcellus/Utica…
Antero plans to spend 87% of their drilling budget on the Marcellus and 13% on the Utica. They’ll operate 12 drilling rigs in the Marcellus, 2 rigs in the Utica.
Last week’s company update with the full details: