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December 3, 2021updated 27 Apr 2022 12:05pm

Marcellus (Antero Resources Corporation) WV Unconventional Gas Field, US

By Carmen

Marcellus (Antero Resources Corporation) WV is a producing unconventional gas field located onshore the US and is operated by Antero Resources.

Field participation details

The field is owned by Antero Resources.


Production from Marcellus (Antero Resources Corporation) WV

The Marcellus (Antero Resources Corporation) WV unconventional gas field recovered 38.56% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 13.48 thousand bpd of crude oil and condensate, 2,474 Mmcfd of natural gas and 207.85 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 1,935.27 Mmboe, comprised of 39.41 Mmbbl of crude oil & condensate, 9,190.67 bcf of natural gas reserves and 364.08 Mmbbl of natural gas liquid reserves. Marcellus (Antero Resources Corporation) WV unconventional gas field reserves accounts 1.66% of total remaining reserves of producing unconventional gas fields globally.


About Antero Resources

Antero Resources Corp (Antero) is an independent oil and natural gas company. It explores, develops, produces and sells natural gas and oil from the Appalachian Basin. The company gathers and processes wellhead natural gas and produces natural gas liquids (NGLs). It also purchases and sells third-party natural gas and NGLs, and offers transportation capacity through long-term firm agreements with pipelines in the Gulf Coast, Midwest, Eastern Regional, and Mid-Atlantic markets. The company operates movable surface pipelines, permanent buried pipelines, fresh water storage facilitates and pumping stations to source water and assist in well completion operations in the Marcellus and Utica Shales. Antero is headquartered in Denver, Colorado, the US.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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