MWE's Producer Customer Antero Investing $500Million in water lines
In a massive vote of confidence in its' Marcellus/Utica operations Antero has applied for permits allowing it to withdraw water from the Ohio River and pipe it to fracking sites in OH and WV. Antero will extract around five million gallons of water/day piping it up to 80 miles in a 20inch diameter pipeline. Antero claims it will save $600,000/fracked well with piped water compared to trucking. Note that Antero has already committed to four x 200million cuft/day MWE cryo units at Sherwood and another one at Seneca. At some $125million each for these cryo units MWE has committed over $500million to Antero's operations,too. Kind of amazing to think that Antero and MWE have already committed a $Billion together with obviously much more to come. For anyone interested I note that while Antero is currently privately held it will be going public via an IPO.