Antero Resources sees 835 Utica shale drill sites

Antero Resources, one of the most prominent drillers in Ohio’s Utica shale, has wide eyes for the region.The Denver-based oil and gas driller predicts there are up to 835 locations primed for drilling on its holdings in the Utica shale, and 5,011 when combining possible drilling locations in Ohio, West Virginia and Pennsylvania, according to the company’s August update.Some context: Antero NYSE:AR projects the locations under an industry classification called 3P: proved, probable and possible. Proved reserves are very certain to be extracted; possible reserves are a gamble. So, the projections reflect a best-case scenario.

via Antero Resources sees 835 Utica shale drill sites – Columbus – Columbus Business First.

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