Antero Raises $220M by Selling Royalty Interest to JP Morgan

In June, Antero Resources, one of the biggest (and best) Marcellus/Utica pure play drillers concentrating most of their drilling in West Virginia, sold an overriding royalty interest (ORRI) in all of their wells for $402 million (see Antero Raises $402M by Selling Royalty Interest to Sixth Street). Yesterday Antero announced a similar (but structured differently) deal to sell a royalty interest to JP Morgan for $220 million.

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