Antero Boasts 5K Potential Drilling Locations in Marcellus/Utica
Antero Resources continues to impress. The company has now amassed 493,000 acres of leases in the Marcellus/Utica, which includes access to the Devonian layer as well. As we told you a month ago, their drilling program is rapidly expanding (see Antero Resources: Marcellus/Utica Program Going Gangbusters). And as we told you barley three weeks ago, they had a tremendous second quarter (see Antero Resources 2Q14: Gas Production Doubles, NGLs Quadruple). Following on their 2Q14 update, MDN has located a copy of the Antero PowerPoint slide deck, recently updated and jam-packed with charts and maps and graphs. One very interesting statistic is Antero’s 3P (proved, probable and possible) drilling locations…
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Without a doubt the biggest story from last week, which broke on MDN’s first day off in our one-week vacation, was the new natural gas production numbers coming from Pennsylvania and the Marcellus Shale. The PA Dept. of Environmental Protection released production numbers for the first six months of 2014, which show that PA produced an incredible 1.94 trillion cubic feet during that period–up 14% from the last half of 2013 (1.697 Tcf), and comparing apples to apples, up an astonishing 38% from the same period a year ago, the first half of 2013 (1.406 Tcf). PA also produced 1.7 million barrels of condensate (or natural gasoline) and 182,000 barrels of oil. Below we list the Top 10 producing wells in 1H14. Would it surprise you to learn that 9 of the top 10 are found in the same county, drilled by one company? We also include the full list of all 7,679 wells drilled so far…
In a seemingly strange twist, Shell has just picked up more Marcellus and Utica Shale acreage. Say what? Yesterday MDN told you that Rex Energy just bought 208,000 Marcellus acres from Shell in southwest Pennsylvania’s wet gas area (see