Antero

More proppant, longer laterals and cost reductions prompted Appalachian pure-play Antero Resources Corp. on Tuesday to announce an increase in its full-year production guidance by 3% with an unchanged drilling and completion budget of $1.3 billion.

FirstEnergy Corp. subsidiary Mon Power has completed a $5 million project to provide electric service to Antero Midstream Partners LP’s wastewater treatment facility in Doddridge County, WV. Mon Power said the facility is expected to use more than 16 MW of electricity once it’s fully operational, or about the equivalent of what 16,000 homes use. Announced in 2015, the $275 million treatment complex is being constructed on 635 acres (see Shale Daily, Aug. 19, 2015). It will process wastewater from Antero Resources Corp.’s shale wells in Ohio and West Virginia and produce salt and sludge byproducts. It’s expected to be in service by 2017. Mon Power said the project to supply the facility with electricity is part of the company’s efforts to provide the state’s “energy-intensive” shale gas industry with reliable electric service.

Statoil ASA has reached a deal to sell some of its non-operated assets in West Virginia to Antero Resources Corp. for $96 million.

Boosted by strong hedging and firm transportation portfolios, combined with continued declines in well costs, Antero Resources Corp. maintained a 19% year/year increase in total production for 2Q2016 that included record liquids output.

Antero Resources Corp. said Friday that its $450 million acquisition of 55,000 net acres in West Virginia creates a new platform for development and consolidation in its core, with a package of mostly undeveloped assets that would boost production and increase Antero Midstream Partners LP’s acreage dedication.

Bolstered by hedging, favorable well economics and a diverse firm transportation portfolio, Denver-based Antero Resources Corp. has increased its production guidance for full-year 2016 on the strength of its first quarter output.

Bolstered by hedging, favorable well economics and a diverse firm transportation portfolio, Denver-based Antero Resources Corp. has increased its production guidance for full-year 2016 on the strength of its first quarter output.

Antero Resources Corp. leaned on completions and ethane recovery to drive production growth well above expectations during the first quarter, filling its firm transportation portfolio and utilizing a robust hedge book to realize a significant price gain on its volumes.

Antero Resources Corp. leaned on completions and ethane recovery to drive production growth well above expectations during the first quarter, filling its firm transportation portfolio and utilizing a robust hedge book to realize a significant price gain on its volumes.