Antero Resources Increases Investment in Marcellus and Utica
Tags: Ohio, West Virginia
The Intelligencer reports that Antero Resources will spend $1.65 billion in 2013 on development of the Utica Shale in Ohio and Marcellus Shale in West Virginia. Antero will reportedly operate two Utica rigs and 12 Marcellus rigs. Antero also plans to build an 80-mile freshwater pipeline in West Virginia across Doddridge, Harrison, and Ritchie Counties. The pipeline will not only reduce costs for the company but will also help reduce its impact on rural West Virginia. The West Virginia Department of Environmental Protection has received several drilling applications from Antero for Tyler, Doddridge, and Ritchie counties in recent days.