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Antero focuses 2018 budget on Marcellus, Utica shale plays

Tuesday, February 13, 2018 by


Antero Resources recently announced a $1.45 billion capital budget for 2018 with plans for oil and natural gas drilling projects in the Utica and Marcellus shale regions, according to Marcellus Drilling News.

In the Marcellus Shale in Pennsylvania and West Virginia, Antero will run five rigs and drill 120 to 125 wells with an average lateral length of 9,300 feet. In the Utica Shale in Ohio, Antero plans to operate one rig and drill 20 to 25 wells with an average lateral length of 11,600 feet.

Antero says the cost to drill the Marcellus and Utica wells this year will go down nine percent over what it cost them last year.

Learn more: Marcellus Drilling News > Antero 2018: $1.45 billion to drill 125 Marcellus & 25 Utica wells

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Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914.

Through the Shale Gas Reporter, we are dedicated to giving our readers unbiased and reliable information on shale gas development.