Antero to sell Oklahoma midstream assets

By OGJ editors
HOUSTON, Oct. 1 -- Antero Resources, Denver, has entered definitive agreements to sell its midstream assets in the Woodford shale area of the Arkoma basin in Oklahoma to affiliates of Cardinal Midstream LLC for $268 million cash.

Cardinal, based in Dallas, will buy Antero’s 60% membership interest in Centrahoma Processing LLC, a joint venture with MarkWest Energy Partners LP, Denver. The venture operates two cryogenic gas processing plants with total capacity of 100 MMcfd.

Cardinal also will buy 50 miles of gathering pipeline in Antero’s Northern Front and East Rockpile areas of the Woodford shale play and a 42-MMcfd amine treating plant for carbon-dioxide removal in the East Rockpile area.