Antero to purchase Crestwood’s Marcellus Shale assets for $205M
Friday, September 16, 2022
Antero Midstream Corp. plans to purchase the Marcellus Shale natural gas gathering and compression assets owned by Crestwood Equity Partners LP for $205 million, according to Houston Business Journal.
The bolt-on acquisition still requires regulatory approval; however, if all goes well, it would boost Antero’s gas compression capacity by 20% and gas compression mileage by 15%.
Crestwood’s assets span 140,000 acres in Doddridge and Harrison counties, WV, and include 72 miles of dry gas gathering pipelines and nine compressor stations with about 700 MMcf/d of compression capacity.
Learn more: Houston Business Journal > Houston-based Crestwood to sell Marcellus assets to Antero Midstream for $205M
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.