Dominion Exploration and Production Inc
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Dominion owns drilling rights to 600,000 to 800,000 acres in the [[Marcellus shale]] formation. Roughly one third of this acreage, or 205,000 net acres, largely in western [[Pennsylvania]] and [[West Virginia]], was assigned to [[Antero Resources]] during the fall of 2008. Dominion still will receive a 7.5% royalty on Antero's production from the property. A few weeks later, a follow-up report appeared that Antero's financing had gone awry, and that they would only be acquiring 114,000 acres instead of the previously announced 205,000 acres. | Dominion owns drilling rights to 600,000 to 800,000 acres in the [[Marcellus shale]] formation. Roughly one third of this acreage, or 205,000 net acres, largely in western [[Pennsylvania]] and [[West Virginia]], was assigned to [[Antero Resources]] during the fall of 2008. Dominion still will receive a 7.5% royalty on Antero's production from the property. A few weeks later, a follow-up report appeared that Antero's financing had gone awry, and that they would only be acquiring 114,000 acres instead of the previously announced 205,000 acres. | ||
- | Ben Hardesty is Dominion's Vice President of Northeast Gas Basins. | + | * Ben Hardesty is Dominion's Vice President of Northeast Gas Basins. |
Revision as of 18:13, 4 February 2010
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Jane Lew, West Virginia-based Dominion Exploration and Production Inc is the oil and gas exploration and production division of Dominion Resources.
Dominion owns drilling rights to 600,000 to 800,000 acres in the Marcellus shale formation. Roughly one third of this acreage, or 205,000 net acres, largely in western Pennsylvania and West Virginia, was assigned to Antero Resources during the fall of 2008. Dominion still will receive a 7.5% royalty on Antero's production from the property. A few weeks later, a follow-up report appeared that Antero's financing had gone awry, and that they would only be acquiring 114,000 acres instead of the previously announced 205,000 acres.
- Ben Hardesty is Dominion's Vice President of Northeast Gas Basins.