Antero Resources

Antero Resources | Belmont County | Energy Companies | Lease & Royalty Payments | Ohio

Antero Continues to Sign Leases with Barnesville, OH Residents
March 11, 2013March 11, 2013

Antero Resources continues to sign residents of the village of Barnesville (Belmont County), OH to leases with terms of $5,700 per acre for a signing bonus, plus 20% royalties. A month ago MDN told you about the push by Antero in Belmont County and Barnesville (see Antero Offers Barnesville, OH Residents $5,700/Acre 20% Royalties).

According to one of Antero’s main cheerleaders, Barnesville Mayor Ron Bischof, the company has signed a number of residents (records show over 800 leases) and they’re still offering the same deal. It’s not too late…

Read More “Antero Continues to Sign Leases with Barnesville, OH Residents”
Antero Resources | Energy Companies | Guernsey County | Hydraulic Fracturing | Industrywide Issues | Lease & Royalty Payments | Noble County | Ohio

Muskingum Watershed District Signs with Antero for $40.3M Bonus
February 18, 2013February 18, 2013

Nearly a month ago MDN told you the directors of the Ohio Muskingum Watershed Conservancy District (MWCD) would consider a deal with Antero Resources to allow drilling and fracking on 6,700 acres under and around the Seneca Lake area (see OH Muskingum Watershed District to Sign Drilling Lease in Feb.). At the time, details of the deal were still not disclosed, but we theorized based on past deals the MWCD would probably make around $40 million in new lease payments.

The directors at the Watershed District voted to pass the deal last Friday. The amount they’ll get for a signing bonus? $40.3 million—or $6,200 per acre for leasing 6,500 acres (acreage number was adjusted down a bit). Plus 20% royalties.

Read More “Muskingum Watershed District Signs with Antero for $40.3M Bonus”
Antero Resources | Belmont County | Energy Companies | Lease & Royalty Payments | Ohio

Antero Offers Barnesville, OH Residents $5,700/Acre 20% Royalties
February 7, 2013February 7, 2013

Normally drillers eschew drilling under cities or villages as a practical matter. Where do you put a drilling rig? What about traffic clogging up local streets? What if you can’t get everyone (or almost everyone) to sign? And why work to sign several hundred leases for a one square mile drilling unit with all of the deed research, negotiations, etc. that come with it, when you can sign leases with three or four people (farmers with lots of acreage) in a single unit?

The prospect of dealing with hundreds of landowners is not stopping Antero Resources (see Antero Resources Goes “All In” on Marcellus/Utica) from offering the residents of Barnesville (Belmont County), OH the same deal they struck last year to lease village-owned land: $5,700 per acre as a signing bonus, and 20% royalties on production.

Read More “Antero Offers Barnesville, OH Residents $5,700/Acre 20% Royalties”
Antero Resources | Energy Companies

Antero Resources Goes “All In” on Marcellus/Utica
February 4, 2013February 7, 2013

Last week MDN told you we noticed references that Denver-based Antero Resources’ plans for the Marcellus Shale in 2013 would be “aggressive” (see Antero Says 2013 Plans for WV Drilling are “Aggressive”). We now know just how aggressive.

Antero’s capital budget for 2013 is $1.65 billion. They plan to spend all of it drilling in the Marcellus and Utica Shale. We’d call that “all in” on the Marcellus/Utica…

Read More “Antero Resources Goes “All In” on Marcellus/Utica”
Antero Resources | Energy Companies | Harrison County | Statewide WV | West Virginia

Antero Says 2013 Plans for WV Drilling are “Aggressive”
February 1, 2013February 1, 2013

Drilling company Antero Resources continues to grow its presence and commitment to the state of West Virginia. Gov. Earl Ray Tomblin issued is 2013 annual doing business in WV report (called the West Virginia Edge Business Report) yesterday. In the report we found this interesting brief statement about Antero building a new office complex in Bridgeport:

Read More “Antero Says 2013 Plans for WV Drilling are “Aggressive””
Antero Resources | Energy Companies | Guernsey County | Hydraulic Fracturing | Industrywide Issues | Lease & Royalty Payments | Noble County | Ohio

OH Muskingum Watershed District to Sign Drilling Lease in Feb.
January 21, 2013January 21, 2013

Last November, MDN told you that the Ohio Muskingum Watershed Conservancy District (MWCD), the largest watershed district in the state covering about 20% of Ohio’s landmass, had entered negotiations with Antero Resources to allow drilling and fracking under MWCD land around Seneca Lake (see OH Muskingum Watershed District Seeks Lease with Antero). Everything but the final price is now done, and the proposed lease (copy embedded below) will be voted on at the next board meeting of the MWCD on Feb. 15.

The lease, as written, will allow drilling under but not on 6,700 acres of property in Guernsey and Noble counties. Antero will have to drill from adjacent properties to reach the land—no disturbance of the surface will be permitted. How much will the MWCD get for a signing bonus and royalties?

Read More “OH Muskingum Watershed District to Sign Drilling Lease in Feb.”
Antero Resources | Chesapeake Energy | CNX Resources | Energy Companies | Gulfport Energy | Hess | Hilcorp Energy | Ohio | Statewide OH

ODNR Issues 17 New Permits for Utica Drilling…Last Week
January 16, 2013January 16, 2013

The permits to allow Utica Shale drilling in eastern Ohio continue to roll out from the Ohio Dept. of Natural Resources (ODNR). Here are the details on the 17 new permits issued in Ohio last week:

Read More “ODNR Issues 17 New Permits for Utica Drilling…Last Week”
Antero Resources | Ashland County | Carroll County | Chesapeake Energy | Devon Energy | HG Energy | Medina County | Monroe County | Noble County | Ohio | Portage County | Stark County | Utica Shale

Flip Side: Some OH Utica Shale Wells Get Plugged/Abandoned
January 2, 2013January 2, 2013

When it comes to drilling in the Ohio Utica Shale, a lot of attention has been focused on the ramp up in activity—the growing number of drilling rigs, huge land lease deals, and eye-popping initial production results for some of the wells drilled. But there is another side to the story.

Every now and again, a well does not produce. Could be the driller did not properly find the shale layer (extremely rare). Could be they did find it but for whatever reason the layer doesn’t produce in that area. More likely there were problems during the drilling that caused the work to be stopped—like a broken-off drill bit. In Ohio, there have been nine Utica Shale wells that have been plugged and abandoned (so far). Here’s where they are located and who did the drilling:

Read More “Flip Side: Some OH Utica Shale Wells Get Plugged/Abandoned”
Antero Resources | Carroll County | Chesapeake Energy | Columbiana County | Eclipse Resources | Energy Companies | Guernsey County | Monroe County | Ohio | PDC Energy | Utica Shale

11 New Utica Shale Drilling Permits in OH, as of Dec 12
December 28, 2012December 28, 2012

The latest round of permits to drill new Utica Shale wells from the Ohio Dept. of Natural Resources (ODNR) includes 11 new permits, 8 of which went to Chesapeake Energy.

Here’s the latest Ohio Utica permit report (with grand totals by county) as of Dec. 12:

Read More “11 New Utica Shale Drilling Permits in OH, as of Dec 12”
Antero Resources | Chesapeake Energy | CNX Resources | Energy Companies | Gulfport Energy | Hilcorp Energy | Ohio | Statewide OH | Utica Shale | XTO

New Utica Permits for Hilcorp, Chesapeake, Others
December 21, 2012December 21, 2012

The latest permits issued last week by the Ohio Dept. of Natural Resources (ODNR) for Utica Shale drilling include permits for Hilcorp, Chesapeake, Gulfport, XTO, CNX Gas and Antero.

Here’s the details on which counties and for how many wells:

Read More “New Utica Permits for Hilcorp, Chesapeake, Others”
Antero Resources | Crestwood Midstream | Doddridge County | Energy Companies | Energy Services | Harrison County | Industrywide Issues | Pipelines | West Virginia

Crestwood Midstream Buys 4 Compressor Stations in WV
November 27, 2012November 27, 2012

Crestwood Marcellus Midstream announced yesterday they have purchased four compression/dehydration stations from Enerven Compression for $95 million. The stations service Crestwood’s own gathering pipelines in Harrison and Doddridge counties in West Virginia. Antero Resources is the driller in the area using the Crestwood pipeline system. Crestwood’s CEO calls it a “bolt-on acquisition” for the company.

From the Crestwood press release, which includes an update on their Marcellus-related business with Antero:

Read More “Crestwood Midstream Buys 4 Compressor Stations in WV”
Antero Resources | Energy Companies | Guernsey County | Hydraulic Fracturing | Industrywide Issues | Noble County | Ohio

OH Muskingum Watershed District Seeks Lease with Antero
November 19, 2012November 19, 2012

In what is sure to tick off anti-drillers, the Ohio-based Muskingum Watershed Conservancy District (MWCD) announced Friday it will seek a lease with Antero Resources to allow shale gas drilling under 7,600 acres of district-owned land at Seneca Lake. The Muskingum River Watershed covers more than 8,000 square miles and drains into the Muskingum River. It is the largest wholly contained watershed in the state of Ohio covering about 20 percent of the state. More recently, the MWCD has been in hot water with anti-drillers over selling what amounts to a thimble-full of their vast water supplies to drillers in Ohio that use it for fracking Utica Shale wells (see this MDN story).

So, just how much will the MWCD get for leasing the Seneca Lake land?

Read More “OH Muskingum Watershed District Seeks Lease with Antero”
Antero Resources | Energy Companies | Energy Services | Harrison County | Industrywide Issues | MarkWest Energy | Noble County | Ohio | Pipelines | Processing Plants | Statewide OH

Antero Resources Inks Deal with MarkWest for Ohio Utica Shale
November 7, 2012November 7, 2012

On Monday MDN told you about Antero Resources’ sale of their Piceance Basin assets so they can laser focus on the Marcellus and Utica Shale region (see this MDN story). A day later—yesterday—Antero followed up that big announcement with another big announcement: They’ve signed a deal with MarkWest for pipelines and processing in Noble and Harrison counties (Ohio) to give Antero’s operations in the Ohio Utica Shale a boost. Interestingly, the Harrison County project will yield ethane that MarkWest/Antero will send to the new ATEX ethane pipeline that runs all the way to the Gulf.

Terms of the deal between Antero and MarkWest were not disclosed. Here’s the joint press release announcing the particulars of the deal:

Read More “Antero Resources Inks Deal with MarkWest for Ohio Utica Shale”
Antero Resources | Energy Companies

Antero Resources Sells Piceance Assets, Now Focused on NE
November 5, 2012November 5, 2012

Antero Resources announced today they are selling off 61,000 acres of leases and 30 miles of pipeline, along with other assets, in the Piceance Basin (pronounced “pee awns”, located in northwestern Colorado) for $325 million in cash to an unnamed private company.

The fact Antero is selling assets elsewhere would not normally be news for MDN—except this time. Why? The reason they’re selling it is to invest the money in more drilling in the Marcellus and Utica Shale. With the sale of the Piceance, and earlier this year the sale of their Arkoma Basin assets, Antero is now totally focused on the Appalachian (Marcellus/Utica) basin.

Read More “Antero Resources Sells Piceance Assets, Now Focused on NE”
Antero Resources | Doddridge County | Energy Companies | Energy Services | Industrywide Issues | MarkWest Energy | Pipelines | Processing Plants | Statewide WV | West Virginia

MarkWest Opens Sherwood I Wet Gas Processing Facility in WV
October 31, 2012October 31, 2012

MarkWest, a huge midstream (pipeline & processing facilities) company and Antero Resources, a Marcellus Shale driller, inked a deal in May 2012 for MarkWest to gather and process Antero’s wet gas, or natural gas liquids in West Virginia (see this MDN story).

MarkWest announced today the first phase of that deal is now online with the commencement of operations at the Sherwood I facility in Doddridge County, WV. The Sherwood I facility has the capacity to process 200 million cubic feet per day of wet gas. MarkWest is building Sherwood II now, which would add an additional 200 Mmcf/d of capacity. Eventually a third Sherwood facility may be built for a total capacity of 600 Mmcf/d.

Read More “MarkWest Opens Sherwood I Wet Gas Processing Facility in WV”
Antero Resources | Belmont County | Energy Companies | Lease & Royalty Payments | Ohio | Utica Shale

Barnesville, OH Signs Lease with Antero, Receives $6M
September 12, 2012September 12, 2012

The Village of Barnesville, OH (Belmont County) just signed a lease with Antero Resources to allow shale drilling on 1,047 village-owned acres. The village now has an additional $6 million in revenue because of it.

Here’s the details about the deal, including the per-acre price and royalty percentage (some of the highest we’ve seen):

Read More “Barnesville, OH Signs Lease with Antero, Receives $6M”