Antero 3Q14: Production Passes 1 Bcf/d; Adds 32K Acres in NE

Antero Resources, one of the largest acreage holders and biggest drillers in the Marcellus/Utica region, issued their third quarter 2014 update yesterday. During 3Q14 the company added another 32,000 net acres in the core of the Marcellus and Utica Shale plays resulting in 520,000 total net acres in the Appalachian Basin. The company’s net daily gas equivalent production averaged 1.08 billion cubic feet per day, a 91% increase over the prior year quarter. They also floated an IPO for their midstream division hauling in a hefty $1 billion more in revenue…

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