First Quarter 2024 Earnings Call - April 25, 2024 - 9:00 AM MT

Utica Shale

One of North America's Premier Shale Plays

The Utica shale is an organic-rich, unconventional oil and gas reservoir that grades into the underlying Point Pleasant shale. Because of its higher productivity, the deeper, richer Point Pleasant shale is the more common drilling target. Technological advances in drilling and fracturing have allowed energy companies like Antero to unlock the area’s resources while protecting the environment.

The Energy Information Administration estimates proven gas reserves in the Ohio portion of the play at 6.4 trillion cubic feet. Antero has an 78,000-acre position in the Point Pleasant shale of eastern Ohio, the most prolific part of the play.

Utica Assets by the Numbers

Nearly 400 planned well locations and producing wells target the richest part of the Utica shale.

75,000

Net acres located primarily in eastern Ohio

200+

Producing horizontal wells in operation

250+

Undeveloped core drilling locations

As of Dec. 31, 2023 • 2023 10-K

Antero in the Utica Shale

Download PDF to learn more about leasing Utica Shale rights to Antero.

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