Dominion will receive a 7.5% royalty interest on future natural gas production from the assigned acreage. Dominion has drilling rights on 600,000 to 800,000 acres in the Marcellus Shale formation, including the acreage assigned to Antero.
Antero is one of the anchor tenants of the proposed Dominion Keystone pipeline, which is designed to transport Marcellus Shale production to market. Dominion continues to negotiate binding precedent agreements with potential customers following an open season.
