Weekly Shale Drilling Permits for PA, OH, WV: Dec 14-18

Last week Pennsylvania issued 25 new shale well drilling permits in both northeast and southwest PA, although most of the permits for SWPA. Ohio issued 4 new shale well permits, all of them to the same company (Encino Energy) and the same well pad (in Harrison County). West Virginia issued 6 new shale well permits,

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Weekly Shale Drilling Permits for PA, OH, WV: Nov. 16-20

Last week Pennsylvania issued 11 new shale well drilling permits, all but one of them in the northeastern (dry gas) part of the state. Ohio issued one new permit, and West Virginia issued 2 new shale well permits.This post appeared first on Marcellus Drilling News.

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Weekly Shale Drilling Permits for PA, OH, WV: Nov. 2-6

Last week Pennsylvania issued a paltry 3 new shale well drilling permits (lowest we’ve seen in months), Ohio issued a single new permit, and West Virginia issued 5 new shale well permits. All 3 PA permits were issued in Greene County. The OH permit was issued in Carroll County (bit of a surprise). And all

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Antero 3Q Update: Canceling 300 MMcf/d Pipe Capacity in 2021

Antero Resources, one of the largest drillers in the Marcellus/Utica, working primarily in West Virginia, issued its third-quarter 2020 update yesterday. The company lost $536 million due to a $749 million “unrealized commodity hedge movement in fair value.” High finance stuff. Production averaged 3.8 billion cubic feet equivalent per day (Bcfe/d), which includes a lot

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Antero Resources reports 3Q net loss of $536M

Antero Resources reported a net loss of $536 million or $1.99 per diluted share in the third quarter 202, Kallanish Energy reports. That compares to a net loss of $879 million or $2.86 per share in the 3Q 2019. The loss was driven by a $749 million unrealized commodity hedge fair value loss as a

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Antero says production grew by 9% in 2Q

Antero Resources has reported a GAAP net loss of $463 million or $1.73 per share in the second quarter 2020, Kallanish Energy reports. That compares to a net income of $42 million or 14 cents per share in 2Q 2019. The company has not curtailed any prediction due to the coronavirus pandemic and resulting low

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Antero Raises $402M by Selling Royalty Interest to Sixth Street

click for larger version Antero Resources, one of the biggest (and best) Marcellus/Utica pure play drillers concentrating most of their drilling in West Virginia, issued a press release yesterday to announce the company has sold an overriding royalty interest (ORRI) in all of their wells for $402 million. The company will use the money to

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Antero cuts costs, boosts production in third quarter

Antero Resources saw a 24% increase in production during the third quarter over the same period a year earlier, despite capital spending cutbacks, according to Kallanish Energy. Antero’s net daily natural gas-equivalent production averaged 3.37 billion cubic feet equivalent per day in the third quarter. Its production was composed of 32% liquids. The company’s drilling

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Antero Midstream announces $300-million share buyback plan

Attempting to boost shareholder value, Antero Midstream Corporation has announced a $300-million share buyback program, according to Nasdaq. The company doesn’t expect the program to have any effect on its financial leverage profile. This move is expected to further increase the flexibility of its capital return program. Antero Midstream plans to run the program through

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West Virginia Supreme Court rules with Antero

The West Virginia Supreme Court recently sided with Antero Resources Corp. in a case brought against the company by Harrison County landowners, according to the Charleston Gazette-Mail. The court upheld a lower court ruling that threw out a collection of lawsuits that argued Antero’s operations in the Cherry Camp area had created a nuisance. Furthermore,

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Antero Resources Sues EnerQuest O&G Alleging Stolen Trade Secrets

Antero Resources sued EnerQuest Oil & Gas in a Texas court last year claiming EnerQuest had solicited and received trade secrets for a pair of landmen who live and work in Texas. A lower court dismissed the lawsuit based on a technicality (because the solicitation from EnerQuest came via email), claiming Texas does not have

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Antero Resources 1Q19: Marcellus Economics Better than Utica

This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. Antero Resources, one of the biggest Marcellus/Utica drillers (pure play) released first quarter 2019 numbers yesterday. The Mariner East 2 (ME2) pipeline, which Antero uses to ship and sell natural gas liquids

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Are Marcellus/Utica Shale Drillers Financially Healthy?

This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. We read on a regular basis in mainstream media that shale companies spend more money than they bring in, and that investors are growing tired of pumping money into companies without a

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