NOG & INR Partner to Buy Antero Resources’ Ohio Utica for $1.2B

The second round of big news coming from Antero Resources today is the sale of the company's Utica Shale assets. We told you in November that Antero, the largest Marcellus/Utica (M-U) driller in West Virginia, officially began to market its Ohio Utica assets for sale (see Antero Returns to Dry Gas Drilling; Confirms Ohio Utica for Sale). They found a buyer (actually, buyers). Northern Oil and Gas, Inc. (NOG), a company that invests in non-operated oil and gas assets (they let others do the drilling), and Marcellus/Utica driller Infinity Natural Resources (INR) announced a partnership to purchase the Ohio Utica assets of Antero Resources Corporation and Antero Midstream Corporation for a combined purchase price of $1.2 billion in cash.

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