Antero partners with Quantum to fund Marcellus Development
Tuesday, March 2, 2021
Antero Resources Corp. is partnering with an affiliate of Quantum Energy Partners to fund a portion of its Marcellus and Utica shale development through 2024, according to Natural Gas Intelligence.
QL Capital Partners would fund 20% of Antero’s development capital spending this year and 15-20% from 2022 to 2024 in exchange for working interest in each well spud. Antero’s new partner has also agreed to pay a drilling carry each year if certain performance thresholds are met.
The partnership is worth up to $550 million and will help fund drilling 60 wells, focusing on the Marcellus Shale of West Virginia.
Learn more: Natural Gas Intelligence > Antero partnering with Quantum to fund some Marcellus Development through 2024
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.