Antero Update – Drilling 80-85 Wells in 2021, New $550M Investor
Antero Resources, one of the largest drillers in the Marcellus/Utica (working primarily in West Virginia) issued its 4Q and full-year 2020 update yesterday. During 4Q Antero pumped an amazing 3.65 billion cubic feet per day equivalent (Bcfe/d) of natural gas. Antero is the third-largest producer of natural gas in the U.S. The company drills in the wet gas region and reports selling 132,000 barrels per day of NGLs to both Marcus Hook (near Philadelphia) and Hopedale (in Ohio). Antero is the second-largest NGL producer in the U.S.
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Last August we told you about the politically-motivated prosecution (by the Chester County, PA District Attorney’s office) of men connected to a security firm providing off-duty constables to protect Mariner East 2 (ME2) pipeline construction sites (see 
Pennsylvania’s Independent Regulatory Review Commission (IRRC) has just thrown up a huge roadblock to Democrat/autocrat PA Gov. Tom Wolf’s attempt to railroad through a proposal to force PA to join the Regional Greenhouse Gas Initiative (RGGI), a $2.6 billion carbon tax aimed at killing coal and gas-fired power plants. The IRRC told the rule-adopting Environmental Quality Board (EQB) it should delay adoption of the proposed RGGI regulation by one year, from 2022 to 2023.
The Enverus U.S. rig count numbers continued to climb over the past week, even during the extreme cold snap and winter weather that shut down wide swaths of the economy in Texas, Oklahoma, and Louisiana. The rig count grew by four to 461 for the week ending Feb. 17. The Permian, which has added the most rigs in recent months, fell by 3 active rigs last week, but that was made up by several other plays, including the Marcellus which gained one rig in the dry gas region of northeastern PA.
MARCELLUS/UTICA REGION: Tier 1 Rental and Distribution files bankruptcy; OTHER U.S. REGIONS: Cold snap causes force majeure at Cameron LNG; Democratic state lawmakers propose fracking ban in California; Sustained arctic weather exposes weaknesses in Texas’s power industry; Texans deserve better than the epic power generation failure they have endured this week; NATIONAL: Annual U.S. liquefied natural gas exports forecast to exceed pipeline exports in 2022; US gas production stabilizes, easing domestic supply crunch and lower prices; INTERNATIONAL: Putin’s corrupt pipeline is on life support.