In the Land of Gas-Rich Appalachia, Denver-based Antero Resources (AR) knows exactly where its toast is buttered. That would be the Marcellus, where it jumped in circa 2008 with a bless-your-heart 115,000 acres only to cinch the 2013 title of Largest Independent E&P IPO raking in $1.8 billion. Riding a wave in the nation’s largest natural gas basin, the company one year later spun off its pipeline arm—Antero Midstream (AM)—with another IPO that brought home $1 billion and AR holding fast to a majority interest.

Reese Energy Consulting today is following the latest news from the two Anteros, following last month’s EQT acquisition of its previously owned Equitrans Midstream. We’ll start with AM, which in 1Q reported 3.1 BCFD in gathering volumes—largely from AR—but not all. Antero Resources, which operates a combined 515,000 net acres in the Marcellus/Utica, recorded 3.4 BCFED in 1Q production. Now closing that gap, Antero Midstream has acquired Summit Midstream’s gathering and compression assets in an all-cash $70 million bolt-on deal that allows AM to handle substantially all of AR’s Marcellus/Utica production.