Antero is operating seven drilling rigs in the Marcellus Shale play, all of which are drilling in northern West Virginia.  The Company has an additional drilling rig under contract that is expected to spud its first well in June.

Antero has nine horizontal wells either completing or waiting on completion and has two dedicated frac crews currently working in West Virginia.  A third Antero-dedicated frac crew is scheduled to begin work in the fourth quarter of 2012.

In the first quarter of 2012, Antero drilled and completed nine horizontal Marcellus Shale wells with an average 24-hour peak rate of 14.0 MMcfd and an average lateral length of approximately 6,800'.

There are a number of infrastructure projects underway in Harrison and Doddridge Counties, West Virginia that will facilitate rich gas transportation to the 200 MMcfd Sherwood I gas processing plant which is scheduled to start up late in the third quarter of 2012.

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