February 22, 2017 1:07 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Antero Resources Corporation

Company Overview

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2015, the company had 569,000 net acres of oil and gas properties located in the Appalachian Basin in West Virginia, Ohio, and Pennsylvania. It also owned and operated 182 miles of gas gathering pipelines in the Marcellus Shale; and 110 miles of low-pressure, high-pressure, and condensate pipelines in the Utica Shale. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was foun...

1615 Wynkoop Street

Denver, CO 80202

United States

Founded in 2002

516 Employees

Phone:

303-357-7310

Fax:

303-357-7315

Key Executives for Antero Resources Corporation

Co-Founder, Chairman of the Board and Chief Executive Officer
Age: 62
Total Annual Compensation: $1.8M
Co-Founder, President, Chief Financial Officer, Secretary and Director
Age: 60
Total Annual Compensation: $1.2M
Senior Vice President of Production
Age: 61
Total Annual Compensation: $765.3K
Chief Administrative Officer, Regional Senior Vice President and Treasurer
Age: 57
Total Annual Compensation: $765.3K
Senior Vice President of Reserves, Planning and Midstream
Age: 65
Total Annual Compensation: $672.5K
Compensation as of Fiscal Year 2015.

Antero Resources Corporation Key Developments

Antero Resources Corporation Presents at Credit Suisse 22nd Annual Energy Summit, Feb-14-2017 08:00 AM

Antero Resources Corporation Presents at Credit Suisse 22nd Annual Energy Summit, Feb-14-2017 08:00 AM. Venue: Vail Marriott Mountain Resort, 715 West Lionshead Circle, Vail, CO 81657, United States. Speakers: Glen C. Warren, Co-Founder, President, Chief Financial Officer, Secretary and Director.

Antero Resources Corporation Provides Capital Budget and Production Guidance for the Year 2017

Antero Resources Corporation provided capital budget and production guidance for the year 2017. For the year, capital budget for 2017 is expected at $1.5 billion, including $1.3 billion for drilling and completion and $200 million for core leasehold additions and extensions. Net daily production is expected to average 2,160 to 2,250 MMcfe/d in 2017, 20% to 25% higher than 2016 guidance. Net daily production, including liquids, is forecast to grow 20% to 25% as compared to 2016 guidance of 1.8 Bcfe/d.  Net liquids production is forecast to increase approximately 27% to an average of 92,500 Bbl/d in 2017, including 67,500 Bbl/d of C3+ NGLs, 19,000 Bbl/d of ethane and 6,000 Bbl/d of condensate at the midpoint of 2017 guidance.  Antero expects to recover 19,000 Bbl/d of ethane, 11,500 Bbl/d of which will service an ethane sales agreement with Borealis once Mariner East 2 is in service, which is currently expected in the fourth quarter of 2017.

Chapter IV Investors Evaluates A Merger With Antero Resources Or Range Resources, Range Resources Makes Clear That EQT Has Not Contacted The Company

Chapter IV Investors, LLC with ownership stakes in EQT Corporation (NYSE:EQT), Antero Resources Corporation (NYSE: AR) and Range Resources Corporation (NYSE: RRC), sent a letter and presentation to the Board of Directors of EQT Corporation encouraging EQT's Board to conduct a process to (i)simultaneously evaluate a potential stock-for-stock merger with either Antero Resources ("Antero") or Range Resources. Range Resources issued the following statement in response to Chapter IV Investors that Range Resources not been contacted by EQT Corporation regarding a potential merger of the two companies nor does Range plan to initiate any such discussions.

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