Antero Resources

Antero Resources | Ascent Resources | Chesapeake Energy | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Gulfport Energy | Industrywide Issues | Range Resources Corp | Research | Seneca Resources

4Q Earnings for M-U Drillers Bounced Back After Down First 3 Qtrs
April 1, 2025April 1, 2025

The experts at RBN Energy track 38 exploration and production (E&P) companies to monitor financial and operational performance. In a recent blog post, RBN found the 10 gas-weighted E&Ps (all but one with significant operations in the Marcellus/Utica) experienced a rebound in earnings during Q4 2024 after a rough first three quarters of the year. Earnings for the 10 gas-weighted E&Ps averaged $3.02/boe (barrels of oil equivalent) in Q4 2024 after losses in Q2 and Q3 2024. Cash flow averaged $10.18/boe, 52% higher than the $6.71/boe generated in Q3 2024. Realized prices averaged nearly $18/boe in Q4 2024, 24% higher than the $14.52/boe recorded in Q3 2024. Things are looking up for M-U drillers. Read More “4Q Earnings for M-U Drillers Bounced Back After Down First 3 Qtrs”
Antero Resources | Energy Companies | Statewide WV | West Virginia

Antero Resources Continues as WV’s Largest Producer with 3.4 Bcfe/d
March 25, 2025March 25, 2025

Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease and the largest M-U driller and producer in West Virginia, shoots to produce 3.4 billion cubic feet equivalent per day (Bcfe/d) of natural gas in the Mountain State. The company recently reported net production averaging 3.43 Bcfe/d in 4Q24, up ever so slightly from 3.42 Bcfe/d in 4Q23 (see Antero to Drill 50-55 New Wells, Spend $100M on New Leases in 2025). From the quarterly update, we learned that Antero plans to drill 50-55 new wells and complete 60-65 wells this year. Those numbers were recently reaffirmed in an interview with Antero VP Conrad Baston by WV News. Bringing 60 wells online annually keeps production humming along in the 3.4 Bcfe/d range. Read More “Antero Resources Continues as WV’s Largest Producer with 3.4 Bcfe/d”
Antero Resources | Arsenal Resources | Belmont County | Carroll County | Encino Energy | Energy Companies | EQT Corp | Fayette County | Greene County (PA) | Gulfport Energy | Harrison County | HG Energy | Ohio | Pennsylvania | Range Resources Corp | Ritchie County | Tioga County (PA) | Washington County | Weekly Permits | West Virginia

31 New Shale Well Permits Issued for PA-OH-WV Mar 10 – 16
March 21, 2025March 21, 2025

For the week of Mar 10 – 16, the number of permits issued in the Marcellus/Utica to drill new shale wells increased by nine from the previous week. Last week, 31 new permits were issued, with 16 going to the Keystone State (PA). EQT (and its subsidiary Rice Drilling) scored nine permits across Fayette, Greene, and Washington counties in southwestern PA. Range Resources took five permits, all of them in Washington County. And Rev Resources received two permits in Tioga County. Read More “31 New Shale Well Permits Issued for PA-OH-WV Mar 10 – 16”
Antero Resources | Belmont County | Blackhill Energy | Bradford County | Brooke County | Doddridge County | Energy Companies | Ohio | Pennsylvania | Southwestern Energy | Weekly Permits | West Virginia

14 New Shale Well Permits Issued for PA-OH-WV Feb 17 – 23
February 28, 2025

For the week of Feb 17 – 23, the number of permits issued in the Marcellus/Utica to drill new shale wells fell back to earth. Three weeks ago, 24 new permits were issued. Two weeks ago, the number increased to 36 new permits. Last week the number deflated, going down to 14. The Keystone State (PA) issued six new permits last week, with all six going to Blackhill Energy for a single pad in Bradford County. Read More “14 New Shale Well Permits Issued for PA-OH-WV Feb 17 – 23”
Antero Resources | Armstrong County | Carroll County | Chesapeake Energy | Encino Energy | Energy Companies | EQT Corp | Harrison County | Indiana County | INR/Infinity Natural Resources | JKLM Energy | Ohio | PennEnergy Resources | Pennsylvania | Range Resources Corp | Seneca Resources | Snyder Brothers | Sullivan County | Tioga County (PA) | Tyler County | Washington County | Weekly Permits | West Virginia | Wetzel County

36 New Shale Well Permits Issued for PA-OH-WV Feb 10 – 16
February 21, 2025February 21, 2025

For the week of Feb 10 – 16, the number of permits issued in the Marcellus/Utica to drill new shale wells soared. Two weeks ago, 24 new permits were issued. Last week, the number increased to 36 new permits issued. The Keystone State (PA) issued the vast majority with 23 new permits last week. Seven permits went to PennEnergy Resources, all on a single pad in Armstrong County. Snyder Brothers received five permits for a single pad, also in Armstrong County (meaning half the PA permits went to Armstrong). Range Resources was third in line with four new permits for a single pad in Washington County. Read More “36 New Shale Well Permits Issued for PA-OH-WV Feb 10 – 16”
Antero Resources | Energy Companies

Antero to Drill 50-55 New Wells, Spend $100M on New Leases in 2025
February 19, 2025February 19, 2025

Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest M-U driller in West Virginia), issued its fourth quarter 2024 update last week. The company reports net production in 4Q24 averaged 3.43 Bcfe/d, up ever-so-slightly from 3.42 Bcfe/d in 4Q23. Natural gas production averaged 2.1 Bcf/d, a 7% decrease from the same period in 2023. Liquids (NGL) production averaged 217 MBbl/d, a 14% increase from the year-ago period. A little less gas, a little more liquids. Antero achieved a net income of $150 million and adjusted net income of $181 million. Additionally, the company realized a 27% reduction in drilling and completion capital expenditures compared to the prior year. Read More “Antero to Drill 50-55 New Wells, Spend $100M on New Leases in 2025”
Antero Resources | Armstrong County | Carroll County | Encino Energy | Energy Companies | EQT Corp | Greene County (PA) | Gulfport Energy | Harrison County | Ohio | Pennsylvania | Range Resources Corp | Snyder Brothers | Tyler County | Washington County | Weekly Permits | West Virginia

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

For the week of Feb 3 – 9, the number of permits issued in the Marcellus/Utica to drill new shale wells remained healthy. Two weeks ago, 22 new permits were issued. Last week, the number increased to 24 new permits issued. The Keystone State (PA) issued 11 new permits last week. Nine permits went to Range Resources for two pads in Washington County. One permit each went to Snyder Brothers and EQT in Armstrong and Greene counties, respectively. Read More “24 New Shale Well Permits Issued for PA-OH-WV Feb 3 – 9”
Antero Resources | Apex Energy | Bradford County | Chesapeake Energy | Energy Companies | EQT Corp | Greene County (PA) | Lycoming County | Pennsylvania | Ritchie County | Weekly Permits | West Virginia | Westmoreland County | Wetzel County

22 New Shale Well Permits Issued for PA-OH-WV Jan 27 – Feb 2
February 7, 2025February 7, 2025

For the week of Jan 27 – Feb 2, the number of permits issued in the Marcellus/Utica to drill new shale wells recovered from the previous week. Two weeks ago, only 7 new permits were issued. Last week, the number increased to 22 new permits issued. Whereas the Keystone State (PA) issued no new permits two weeks ago, PA issued 13 new permits last week. Six of those permits went to Apex Energy in Westmoreland County. Five permits were issued to EQT (Rice Drilling) in Greene and Lycoming counties. And two permits went to Expand Energy (Chesapeake) in Bradford County. Read More “22 New Shale Well Permits Issued for PA-OH-WV Jan 27 – Feb 2”
Antero Resources | Energy Companies | Guernsey County | INR/Infinity Natural Resources | Ohio | Tyler County | Weekly Permits | West Virginia

7 New Shale Well Permits Issued for PA-OH-WV Jan 20 – 26
January 31, 2025January 31, 2025

For the week of Jan 20 – 26, permits issued in the Marcellus/Utica to drill new shale wells fell off a proverbial cliff. Two weeks ago, 41 new permits were issued. Last week, the number plummeted to just seven new permits issued. Perhaps the most interesting thing about last week’s numbers is that NO new permits were issued in the Keystone State (PA). We believe that’s the first time we’ve seen no new permits in PA. We wonder if there’s a problem with the reporting system (the state DEP’s reporting system is known to occasionally have issues). We’ll check again next week to see if PA’s numbers get updated. Meanwhile, there were four new permits for the Buckeye State (OH) and three for the Mountain State (WV). Read More “7 New Shale Well Permits Issued for PA-OH-WV Jan 20 – 26”
Antero Resources | Electrical Generation | Energy Companies | Energy Services | Energy Transfer Partners | EQT Corp | Industrywide Issues

China’s AI Announcement Tanks U.S. Stocks, Including M-U Drillers
January 28, 2025January 28, 2025

Did you happen to catch the news lighting up all the cable news stations yesterday about Chinese startup DeepSeek? The company launched a free AI assistant that it claims uses less data at a fraction of the cost of other AI models. By Monday, the DeepSeek assistant had overtaken U.S. rival ChatGPT in downloads from Apple’s app store. The news sent traders into a tailspin of selling off tech company stocks like Nvidia (which makes the chips used in AI). The news also affected natural gas drillers negatively. Why? Read More “China’s AI Announcement Tanks U.S. Stocks, Including M-U Drillers”
Antero Resources | Apex Energy | Beaver County | Bradford County | Carroll County | Chesapeake Energy | Columbiana County | Doddridge County | Energy Companies | EOG Resources | EQT Corp | Greene County (PA) | Harrison County | HG Energy | Hilcorp Energy | Marion County | Ohio | Pennsylvania | Range Resources Corp | Washington County | Weekly Permits | West Virginia | Westmoreland County | Wetzel County

41 New Shale Well Permits Issued for PA-OH-WV Jan 13 – 19
January 24, 2025January 24, 2025

Wow! Is this the Trump effect? For the week of Jan 13 – 19, permits issued in the Marcellus/Utica to drill new shale wells achieved levels we haven’t seen in, oh, about four years. There were 41 new permits issued last week, up significantly from 27 issued the week before and 30 issued two weeks before. The Keystone State (PA) issued a whopping 25 new permits, with 17 (!) going to EQT spread across Greene and Washington counties. Another six permits went to Chesapeake Energy (now Expand Energy) in Bradford County. One permit each went to Range Resources and Apex Energy in Beaver and Westmoreland counties, respectively. Read More “41 New Shale Well Permits Issued for PA-OH-WV Jan 13 – 19”
Antero Resources | Chesapeake Energy | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Gulfport Energy | Range Resources Corp | Seneca Resources

Gas Drillers Had Best Shareholder Returns in 2024; Investor Love
January 21, 2025January 21, 2025

The experts at RBN Energy recently analyzed the Q3 2024 financial results for the gas-focused producers the company tracks (mainly Marcellus/Utica producers). The gas-weighted E&Ps RBN follows had the best total shareholder return performance of the three peer groups they tracked through the first nine months of 2024, with a median gain of 14%. On the high side, CNX Resources’ share price was amazing, up more than 60% for the first nine months of last year. On the other end, Coterra Energy’s share price lost value. Read More “Gas Drillers Had Best Shareholder Returns in 2024; Investor Love”
Antero Resources | Armstrong County | Arsenal Resources | Belmont County | Coterra Energy (Cabot O&G) | Encino Energy | Energy Companies | EOG Resources | Guernsey County | Gulfport Energy | Harrison County | Harrison County | Indiana County | INR/Infinity Natural Resources | Marshall County | Monongalia County | Northeast Natural Energy | Ohio | Pennsylvania | Range Resources Corp | Ritchie County | Snyder Brothers | Southwestern Energy | Susquehanna County | Washington County | Weekly Permits | West Virginia

27 New Shale Well Permits Issued for PA-OH-WV Jan 6 – 12
January 17, 2025January 17, 2025

For the week of Jan 6 – 12, permits issued in the Marcellus/Utica to drill new shale wells remained healthy. There were 27 new permits issued last week, down three from 30 issued the week before. The Keystone State (PA) issued 13 new permits, with four going to Snyder Brothers in Armstrong County, four going to Coterra Energy in Susquehanna County (must be Coterra has restarted drilling), three for Infinity Natural Resources (INR) in Indiana County, and two for Range Resources in Washington County. Read More “27 New Shale Well Permits Issued for PA-OH-WV Jan 6 – 12”
Allegheny County | Antero Resources | Ascent Resources | Carroll County | Encino Energy | Energy Companies | EQT Corp | Guernsey County | Lycoming County | Monroe County | Noble County | Ohio | Ohio County | Pennsylvania | Range Resources Corp | Southwestern Energy | Washington County | Weekly Permits | West Virginia | Wetzel County

30 New Shale Well Permits Issued for PA-OH-WV Dec 30 – Jan 5
January 10, 2025January 10, 2025

For the week of Dec 30 – Jan 5, permits issued in the Marcellus/Utica rebounded from holiday lows. There were 30 new permits issued last week, up from just 12 issued the week before. The Keystone State (PA) issued nine new permits, with six going to Range Resources in Allegheny County and three to EQT, split between Lycoming and Washington counties. Read More “30 New Shale Well Permits Issued for PA-OH-WV Dec 30 – Jan 5”
Antero Resources | Arsenal Resources | Ascent Resources | Beaver County | Diversified Energy | Encino Energy | Energy Companies | EQT Corp | Guernsey County | Harrison County | Monroe County | Ohio | PennEnergy Resources | Pennsylvania | Range Resources Corp | Ritchie County | Seneca Resources | Southwestern Energy | Tioga County (PA) | Tuscarawas County | Washington County | Weekly Permits | West Virginia | Wetzel County

27 New Shale Well Permits Issued for PA-OH-WV Dec 16 – 22
January 2, 2025January 2, 2025

For the week of Dec 16 – 22, permits issued in the Marcellus/Utica remained healthy. There were 27 new permits issued last week, up from 22 issued the week before. In something of an unusual twist, the Keystone State (PA) issued just four new permits, all of them to different drillers. PennEnergy Resources’ permit was in Beaver County; Seneca Resources’ permit was in Tioga County; and Range Resources and EQT (Rice) each had one permit in Washington County. Read More “27 New Shale Well Permits Issued for PA-OH-WV Dec 16 – 22”
Antero Resources | Ascent Resources | Beaver County | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | Guernsey County | Lycoming County | Ohio | PennEnergy Resources | Pennsylvania | Pennsylvania General Energy | Seneca Resources | Susquehanna County | Tioga County (PA) | Tyler County | Weekly Permits | West Virginia | Westmoreland County

22 New Shale Well Permits Issued for PA-OH-WV Dec 9 – 15
December 20, 2024December 20, 2024

For the week of Dec 9 – 15, permits issued in the Marcellus/Utica remained healthy. There were 22 new permits issued last week, down just a bit from the 28 issued the week before. The Keystone State (PA) issued 17 new permits, with the bulk of them, 11, going to a single driller, PennEnergy Resources, for a single pad in Beaver County. Seneca Resources scored three new permits in Tioga County. One permit each was issued to Pennsylvania General Energy (Lycoming County), Coterra Energy (Susquehanna County), and CNX Resources (Westmoreland County). Read More “22 New Shale Well Permits Issued for PA-OH-WV Dec 9 – 15”