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.

Leave a Reply