Antero 2013: 124 Marcellus/Utica Wells Drilled, Reserves Skyrocket

rocket to the moonAntero Resources continues to impress. The company is focused on drilling in the Marcellus and Utica Shale region–and it’s one of the biggest drillers with the most land under lease (450,000 acres between the two plays). No wonder the company’s IPO last October was such a hit (see Antero’s IPO Fetches $1.57B, Company Valued at $11B!). Yesterday Antero issued an update on their Marcellus/Utica drilling program. It will come as no surprise (but is impressive all the same) that Antero reports their proved reserves–the amount of gas they know is down there and recoverable–was 7.6 trillion cubic feet (Tcfe). That’s an astonishing 78% increase over 2012. If you open it up to the looser 3P standard (proved, provable and possible), the number zooms to 35 Tcfe. Wow! That’s a lotta gas. 😉

Antero reports they added 113 new Marcellus wells in 2013, and 11 new Utica wells. One of those wells took top honors as the most productive well in the Utica (see Antero Resources Utica Well Produces Stratospheric 38.9 Mmcf/d). Below is yesterday’s Antero update with lots of good info about 2013…

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