Antero

Antero Resources Corp. is finalizing terms of an extensive oil and gas lease with Ohio's largest water conservancy district that would give the company access to 6,700 acres in Belmont and Harrison counties.

Antero Resources Corp. said Wednesday it has signed an agreement with Odebrecht Organization to be the anchor ethane supplier for the Brazilian company's planned ethane cracker and associated petrochemical facilities in Wood County, WV.

Tim Clawson, a senior operations engineer at Antero Resources Corp., can remember a time when his company was nothing more than the proverbial “little guy” in the Appalachian Basin.

With 20 rigs running across the Marcellus and Utica shale plays, Antero Resources Corp. is undoubtedly the Appalachian Basin’s most active operator, and even with triple-digit production growth last year, the company has no plans to slow down anytime soon.

An Antero Resources Corp. unit on Friday filed a preliminary prospectus to create a separate partnership to hold substantially all of the Appalachian midstream business.

Antero Resources LLC expects Appalachian-centered production to average 925-975 MMcfe/d net this year, a 75-85% increase over 2013, with around 18 rigs running in the Marcellus and Utica shales — two more than a year ago.

One of the most active drillers in the Appalachian Basin, Antero Resources, hit a record 750 MMcfe/d net-plus during the final three months of 2013, with gross output from the Marcellus Shale alone crossing the 750 MMcfe/d threshold, the independent reported Monday.

After the immense success of Denver-based Antero Resources’ initial public offering (IPO) in October, and with impressive well results in the Appalachian and Permian Basins continuing to stoke the equity market’s interest in the exploration and production sector, analysts expect more IPOs from small independents in the year ahead.

Antero Resources Corp. in one year has more than doubled daily production from its Appalachian operations, but management remains in forward-thinking mode to prevent takeaway constraints from impacting output well into the future, CEO Paul Rady said Thursday.