Antero Resources to mine its own sand for fracking
Thursday, April 12, 2018
Antero Resources Corp is considering options to mine its own sand for hydraulic fracturing in order to offset recent price increases, according to Reuters.
Operating in the Marcellus and Utica shale plays, Antero has seen its sand cost rise markedly in the past year. Sand accounts for about 12 percent of the company’s well development cost and has been the only oilfield product to experience a large price increase recently.
Fellow shale producers, including Pioneer Natural Resources Co, have bought or developed their own sand mines to offset cost increases.
Learn more: Reuters > Antero Resources eyes ways to cut sand costs for fracking
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