Privately held Antero Resources Corp., which has all of its chips in the Appalachian Basin, plans to raise $1 billion through an initial public offering (IPO) of some of its stock on the New York Stock Exchange, it said in a filing with the Securities and Exchange Commission (SEC). The operator also has increased capital spending plans for the year.
Articles from Averaged
Higher NatGas Prices Lift Fayetteville Shale Country Taxes
Arkansas’ gross revenue from natural gas severance taxes so far this year is trending higher than during 2011, which turned out to be a record year for gas severance tax revenue in the Natural State.
Range Sees 8 Bcf/d Potential from Marcellus
Range Resources Corp. has the potential to produce up to 8 Bcf/d from the Marcellus Shale, an executive said Tuesday.
Chesapeake Jettisons More Pennsylvania Acreage to EQT
Chesapeake Energy Corp. on Friday agreed to sell an estimated 99,000 net acres in southwestern Pennsylvania, including 10 wells, to EQT Corp. for $113 million, which puts the sale price at roughly $876/acre.
Consol Posts Loss, But Marcellus Becoming More Important
Despite disappointing earnings at Consol Energy Inc. during the first quarter, the company reported 10.7 Bcfe of production in the Marcellus Shale, a 60% increase that signaled that the play is becoming increasingly important for the coal and natural gas producer.
Hess Driven by Bakken, Encouraged by Utica
The Bakken Shale, Hess Corp.’s “principal engine of growth.” averaged 65,000 boe/d in the first three months of this year, an increase of 55% from a year ago, the CEO told investors on Wednesday.
Northeast Leads Broad Advance; Futures Post New 20-Month High
Cash prices averaged about a nickel higher Thursday as cooler weather and higher prompt power prices kept the market well bid. Northeast points led the march higher with double-digit gains, but the move higher was broad and pervasive.
East, Midwest Lead Broad Cash Gains; Futures Rebound From Recent Losses
Natural gas cash prices overall averaged about a 6-cent gain on Wednesday for Thursday delivery as forecasts called for continued below normal temperatures throughout the Midwest and Great Lakes regions.
Cash Makes Small Gain; Futures Record Small Loss
Cash prices overall averaged a 7-cent gain in Wednesday’s trading as punishing cold refused to release its grip on Midwest and eastern energy markets. If oversized gains in New England are omitted, however, the increase falls to just above 3 cents.
EIA: NatGas Prices to Rise — A Bit — Through 2014
Natural gas spot prices, which averaged $2.75/MMBtu at the Henry Hub last year and $3.33 last month, are expected to climb to an average of $3.41 this year and $3.63 in 2014, according to the Energy Information Administration (EIA).