Word on the streets is that Antero has stopped taking leases in Tyler County. Anobody know what Statoil, JayBee, Noble, and EQT are doing? Or can confirm that new leases are being taken by Antero?
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Permalink Reply by jason irvine on February 19, 2016 at 11:28am
Permalink Reply by Kyle Nuttall on February 22, 2016 at 2:23pm That was a landman that was still working for Antero, but on a project up in Wetzel County. I hope it isn't true, too. Of course, if it is true, I don't expect it to be true for longer than the rest of 2016. Things should start picking back up for 2017. I think Antero doesn't have a lot of competition in the area. EQT, Statoil, JayBee, and Noble were the ones working in Tyler. Well, Magnum Hunter too, but they quit quite a while ago due to severely overextending themselves. EQT still seems to be working, as does Stat. But I haven't heard a thing from JayBee or Noble in quite a while.
Permalink Reply by Kyle Nuttall on February 22, 2016 at 2:19pm Somebody called in to the office on Friday just to let me know that Antero had taken leases and modifications in December from people that he knew. If anyone knows of anything more recent, I'd love to hear about it. Thanks in advance.
It is my understanding that Antero is not making new leases in Tyler Co. however they are extending ones they currently have. I think they are low on cash
Permalink Reply by Kyle Nuttall on February 23, 2016 at 11:26am Sounds like it's time for this lawyer to branch out. Maybe bankruptcy law.....
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