Antero Resources 3Q13: Stars Aligned, More Marcellus/Utica

Antero Resources continues to focus on the Marcellus and increasingly the Utica Shale. Antero claims to be the most active driller in the Marcellus with 15 active drilling rigs–we don’t doubt it. Earlier this week as part of their third quarter update, Antero announced they will add a fifth drilling rig in the Ohio Utica where they’ve already drilled 12 wells (now online and producing) and with another 12 wells currently in process of being drilled. Antero loves the Utica.

The stars certainly seem to be in alignment for Antero. A month ago the company went public and their stock price soared (see Antero’s Stock Climbs 18% on First Day of Trading). The day the company went public it was valued at $11 billion. As of this morning, a month later, it’s worth $14 billion. Yow! Antero can also boast of having the Utica Shale’s #1 producing well (see Antero Resources Utica Well Produces Stratospheric 38.9 Mmcf/d). Lot’s of good things happening for Antero, especially in the Utica. Here’s what they say about the last 3 months, and what they think lies ahead…

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