Antero Resources

Antero Resources | Energy Companies | HG Energy | Industrywide Issues | M&A | West Virginia

Antero Closes on Buying HG Energy for $2.8B, Borrows $1.5B from RBC
February 4, 2026February 4, 2026

In December, MDN brought you the news that Antero Resources, the country’s fifth-largest natural gas producer and largest producer in West Virginia, had cut a deal to buy WV driller and midstreamer HG Energy II for a combined $3.9 billion, paying $2.8 billion for upstream and $1.1 billion for midstream (see Antero Resources Buys HG Energy II in Deal Worth $3.9 Billion). The deal will add a massive 385,000 net acres to Antero’s existing ~475,000 net core Marcellus acreage position, bringing with it another 850 MMcfe/d in production. The deal closed yesterday. HG Energy is no more. Read More “Antero Closes on Buying HG Energy for $2.8B, Borrows $1.5B from RBC”
Antero Resources | Belmont County | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Expand Energy | Fayette County | Greene County (PA) | Gulfport Energy | Ohio | Pennsylvania | Seneca Resources | Susquehanna County | Tioga County (PA) | Weekly Permits | West Virginia | Wetzel County

27 New Shale Well Permits Issued for PA-OH-WV Jan 12 – 18
January 23, 2026January 23, 2026

A nice bump up in permit numbers last week, mainly due to Pennsylvania. The Marcellus/Utica region received a combined 27 permits last week, Jan. 12 – 18. Pennsylvania issued 21 new permits, Ohio issued 5, and West Virginia issued just 1. Among the drillers receiving new permits last week: Antero Resources, Coterra Energy, EQT, Expand Energy, Gulfport Energy, and Seneca Resources. Read More “27 New Shale Well Permits Issued for PA-OH-WV Jan 12 – 18”
Antero Resources | Ascent Resources | CNX Resources | Energy Companies | EQT Corp | Greene County (PA) | Harrison County | HG Energy | Jefferson County (OH) | Lewis County | Lycoming County | Ohio | Pennsylvania | Repsol | Seneca Resources | Tioga County (PA) | Washington County | Weekly Permits | West Virginia

21 New Shale Well Permits Issued for PA-OH-WV Jan 5 – 11
January 16, 2026January 16, 2026

A return to normalcy last week for permits issued to drill new shale wells in the Marcellus/Utica. Two weeks ago, we reported that just one new permit was issued (see M-U Issues Just One New Permit Last Week, Dec 29 – Jan 4). As promised, we double-checked to be sure there wasn’t a lag in posting permits by the various environmental agencies. There were no new permits (except the one) for two weeks ago. As for last week, Jan. 5 – 11, Pennsylvania issued 12 new permits, Ohio issued 2, and West Virginia issued 7. Among the drillers receiving new permits last week: Antero, Ascent, CNX, EQT, HG Energy, Repsol, and Seneca Resources. Read More “21 New Shale Well Permits Issued for PA-OH-WV Jan 5 – 11”
Antero Resources | Energy Companies | Industrywide Issues | M&A

Antero Floats $750M in IOUs to Help Fund Purchase of HG Energy
January 15, 2026January 15, 2026

In December, MDN brought you the news that Antero Resources, the country’s fifth-largest natural gas producer and largest producer in West Virginia, had cut a deal to buy WV driller and midstreamer HG Energy II for a combined (upstream & midstream) $3.9 billion (see Antero Resources Buys HG Energy II in Deal Worth $3.9 Billion). The deal will add a massive 385,000 net acres to Antero’s existing ~475,000 net core Marcellus acreage position, bringing with it another 850 MMcfe/d in production. The same day, we told you that Antero was selling its considerable Ohio Utica assets for $1.2 billion, which will help fund the purchase (see NOG & INR Partner to Buy Antero Resources’ Ohio Utica for $1.2B). The company still needs cash to buy HG Energy, so on Tuesday, Antero announced it will issue a new round of IOUs (“senior notes”) to raise another $750 million. Read More “Antero Floats $750M in IOUs to Help Fund Purchase of HG Energy”
Antero Resources | Columbiana County | Energy Companies | EOG Resources | EQT Corp | Greene County (PA) | Hilcorp Energy | Indiana County | INR/Infinity Natural Resources | Ohio | Pennsylvania | Range Resources Corp | Tuscarawas County | Tyler County | Washington County | Weekly Permits | West Virginia

26 New Shale Well Permits Issued for PA-OH-WV Dec 22 – 28
January 5, 2026January 5, 2026

The combined number of new permits issued to drill shale wells across the Marcellus/Utica region was 26 for the week of Dec. 22 – 28, more than double the 12 issued two weeks ago. Pennsylvania issued 15 new permits, Ohio issued 6, and West Virginia issued 5. Among the companies receiving new permits were Antero, EOG, EQT, Hilcorp, INR, and Range Resources. Read More “26 New Shale Well Permits Issued for PA-OH-WV Dec 22 – 28”
Antero Resources | Energy Companies | Industrywide Issues | M&A | Statewide WV | West Virginia

Antero CEO Explains Decision to “Double Down” on West Virginia
December 22, 2025December 22, 2025

Two weeks ago, MDN brought you the news that Antero Resources, the country’s fifth-largest natural gas producer and largest producer in West Virginia, had cut a deal to buy WV driller and midstreamer HG Energy II for a combined (upstream & midstream) $3.9 billion (see Antero Resources Buys HG Energy II in Deal Worth $3.9 Billion). The deal will add a massive 385,000 net acres to Antero’s existing ~475,000 net core Marcellus acreage position, bringing with it another 850 MMcfe/d in production. The same day we told you that Antero was selling its considerable Ohio Utica assets for $1.2 billion (see NOG & INR Partner to Buy Antero Resources’ Ohio Utica for $1.2B). In an unusual move, Antero CEO Michael Kennedy published a newspaper column to explain the company’s decision to “double down” on WV. Read More “Antero CEO Explains Decision to “Double Down” on West Virginia”
Allegheny County | Antero Resources | Carroll County | Energy Companies | EOG Resources | Expand Energy | Monroe County | Noble County | Ohio | Pennsylvania | Range Resources Corp | Susquehanna County | Tyler County | Weekly Permits | West Virginia

13 New Shale Well Permits Issued for PA-OH-WV Dec 8 – 14
December 19, 2025December 19, 2025

Volatility is the watchword for new permits in the Marcellus/Utica. Three weeks ago, the combined count between Pennsylvania, Ohio, and West Virginia was a measly 8 new permits (see 8 New Shale Well Permits Issued for PA-OH-WV Nov 24 – 30). Two weeks ago, the number soared to the highest we’ve seen for a single week in a long time, maybe ever, at 60 new permits (see 60 New Shale Well Permits Issued for PA-OH-WV Dec 1 – 7). Last week? For December 8 – 14, the number sank once again, down to 13. PA issued 5 permits, OH issued 7, and WV issued 1 last week. Read More “13 New Shale Well Permits Issued for PA-OH-WV Dec 8 – 14”
Antero Resources | Ascent Resources | Belmont County | Bradford County | Coterra Energy (Cabot O&G) | Doddridge County | Encino Energy | Energy Companies | EOG Resources | EQT Corp | Expand Energy | Fayette County | Greene County (PA) | Guernsey County | Gulfport Energy | Harrison County | Lycoming County | Marion County | Monongalia County | Monroe County | Northeast Natural Energy | Ohio | Pennsylvania | Pennsylvania General Energy | Susquehanna County | Tuscarawas County | Weekly Permits | West Virginia | Wetzel County

60 New Shale Well Permits Issued for PA-OH-WV Dec 1 – 7
December 12, 2025December 12, 2025

After a pathetic showing two weeks ago (just 8 permits), last week was a barnstormer—the most permits we’ve seen issued in a single week since we’ve been chronicling permits here on MDN. But, there’s a catch. Last week’s report for the combined three states shows 60 (!) permits issued, with 22 going to Pennsylvania, 24 to Ohio, and 14 to West Virginia. However, Ohio’s numbers are inflated because the Ohio Department of Natural Resources (ODNR) reported numbers last week that stretch back three weeks in time. You may recall Ohio didn’t issue permits for two weeks in a row. They actually issued permits but didn’t report them. So, this report includes 6 permits for the two missing weeks. Still, removing six from the total means 54 permits were issued last week, which remains a record high. Could the spike in the spot price for natural gas in the M-U be the reason? Read More “60 New Shale Well Permits Issued for PA-OH-WV Dec 1 – 7”
Antero Resources | Energy Companies | HG Energy | Industrywide Issues | M&A | Statewide WV | West Virginia

Antero Resources Buys HG Energy II in Deal Worth $3.9 Billion
December 8, 2025December 9, 2025

Antero Resources, the country’s fifth-largest natural gas producer and largest producer in West Virginia, is growing its WV operations. This morning, the company announced a deal to buy privately held WV driller and midstreamer HG Energy II for a combined (upstream & midstream) $3.9 billion. The deal will add a massive 385,000 net acres to Antero’s existing ~475,000 net core Marcellus acreage position, bringing with it another 850 MMcfe/d in production. The upstream part of the deal will fetch $2.8 billion, while the midstream will get $1.1 billion. HG Energy is a West Virginia corporation with its headquarters office located in Parkersburg. Read More “Antero Resources Buys HG Energy II in Deal Worth $3.9 Billion”
Antero Resources | Belmont County | Energy Companies | Guernsey County | Harrison County | Industrywide Issues | INR/Infinity Natural Resources | M&A | Northern Oil & Gas | Ohio

NOG & INR Partner to Buy Antero Resources’ Ohio Utica for $1.2B
December 8, 2025December 22, 2025

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. Read More “NOG & INR Partner to Buy Antero Resources’ Ohio Utica for $1.2B”
Antero Resources | Arsenal Resources | Coterra Energy (Cabot O&G) | Energy Companies | Harrison County | Pennsylvania | Susquehanna County | Tyler County | Weekly Permits | West Virginia | Wetzel County

8 New Shale Well Permits Issued for PA-OH-WV Nov 24 – 30
December 8, 2025December 8, 2025

The number of new permits issued in the Marcellus/Utica from November 24 – 30 was a paltry 8, down from 23 issued the prior week. We typically issue these weekly permit updates on Fridays, but last Friday, the PA DEP website, where we extract information, threw an error, so we delayed until today. This morning the PA DEP site shows only a single permit was issued during that period, so we don’t know whether there are still data problems. For now, we’re going with the information as it is (and will recheck it later this week). So, given that proviso, Pennsylvania issued 1 new permit, down 22 from the prior week. Ohio got skunked, issuing no new permits for the second week in a row. Hey ODNR, wake up! West Virginia issued 7 new permits, down from issuing 10 permits the prior week. Read More “8 New Shale Well Permits Issued for PA-OH-WV Nov 24 – 30”
Antero Resources | Ascent Resources | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Expand Energy | Gulfport Energy | Range Resources Corp | Seneca Resources

Despite Earnings Decline in 3Q for O&G, M-U Drillers Still Profited
December 5, 2025December 5, 2025

In Q3 2025, U.S. E&Ps (drillers) successfully leveraged rigorous cost-cutting and capital discipline to maintain stable earnings despite commodity price volatility. With lifting costs down 16% since mid-2022, producers offset revenue pressures through efficiency and consolidation. RBN Energy reports that performance diverged by sector in 3Q: oil-weighted producers saw earnings rise 19% on stabilized crude prices and reduced impairments, while gas-weighted peers suffered a 27% earnings slump due to lower realizations. Total production increased 4.7%, mainly driven by oil majors. Looking ahead to Q4, the outlook shifts; oil producers face headwinds as prices dip toward $60/bbl, while natural gas producers anticipate a strong finish fueled by winter demand and rising Henry Hub prices. Read More “Despite Earnings Decline in 3Q for O&G, M-U Drillers Still Profited”
Antero Resources | Armstrong County | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | EXCO Resources | Fayette County | Greylock Energy | Lycoming County | Pennsylvania | Pennsylvania General Energy | PH Masterline | Potter County | Ritchie County | Snyder Brothers | Sullivan County | Susquehanna County | Weekly Permits | West Virginia | Wetzel County

23 New Shale Well Permits Issued for PA-OH-WV Nov 17 – 23
December 1, 2025December 1, 2025

The number of new permits issued in the Marcellus/Utica from November 17 – 23 was 23, down from 31 issued the prior week. Pennsylvania issued 13 new permits, down 1 from the prior week. Ohio got skunked, issuing no new permits. Must be the ODNR staffers went on vacation early for Thanksgiving. West Virginia made up for Ohio’s poor performance by issuing 10 permits, down 2 from the prior week. Read More “23 New Shale Well Permits Issued for PA-OH-WV Nov 17 – 23”
Antero Resources | Beaver County | Beech Resources | Bradford County | Columbiana County | Energy Companies | EOG Resources | Expand Energy | JKLM Energy | Lycoming County | Noble County | Ohio | Pennsylvania | Range Resources Corp | Sabre Energy | Sullivan County | Tioga County (PA) | Washington County | Weekly Permits | West Virginia

24 New Shale Well Permits Issued for PA-OH-WV Nov 3 – 9
November 14, 2025November 14, 2025

You knew the number of new permits issued in the M-U would come back down to earth sooner or later. Last week it happened. After three consecutive weeks with numbers of 37, 39, and 37, the number of new permits issued fell to 24 last week. Still respectable, but not in the coveted 30s. Pennsylvania issued 16 new permits last week, up from 13 the prior week. Ohio issued 6 new permits, down from 8 the prior week. West Virginia was shut out, issuing no new permits last week, which was the main reason why the number fell precipitously. Read More “24 New Shale Well Permits Issued for PA-OH-WV Nov 3 – 9”
Antero Resources | Beaver County | BKV/Banpu | Carroll County | Energy Companies | EOG Resources | EQT Corp | EXCO Resources | Harrison County | Marion County | Marion Natural Energy | Ohio | PennEnergy Resources | Pennsylvania | Ritchie County | Sullivan County | Tyler County | Weekly Permits | West Virginia | Wetzel County | Wyoming County (PA)

37 New Shale Well Permits Issued for PA-OH-WV Oct 27 – Nov 2
November 7, 2025November 7, 2025

We continue to be delighted with the number of new permits issued to drill shale wells in the Marcellus/Utica. Three weeks ago, that number soared to 37. Two weeks ago, it increased to 39. And last week the number remained high, down just two, back to 37 once again. Wow! We haven’t seen a sustained trend of high permit numbers like this in many moons. Pennsylvania issued 13 new permits last week, down from 23 the prior week. Ohio issued 8 new permits, down from 11 the prior week. It was West Virginia that was the breakout star, issuing 16 new permits, up from issuing 5 the preceding week. Read More “37 New Shale Well Permits Issued for PA-OH-WV Oct 27 – Nov 2”
Antero Resources | Energy Companies | Ohio | Statewide OH | Statewide WV | West Virginia

Antero Returns to Dry Gas Drilling; Confirms Ohio Utica for Sale
November 4, 2025November 4, 2025

Antero Resources, the largest Marcellus/Utica (M-U) driller in West Virginia, released its Q3 2025 update with two significant announcements. One is that newly appointed CEO Michael Kennedy is “excited” for the company to return to dry gas drilling after “more than a decade,” with the first new dry gas well specifically intended to service the data center market. Second, we can confirm our prior speculation to say that Antero is officially marketing its Ohio Utica assets for sale. We previously brought you that rumor in early September (see Rumor: Antero Preparing to Sell Ohio Utica Upstream, Midstream). Read More “Antero Returns to Dry Gas Drilling; Confirms Ohio Utica for Sale”