Antero Resources Corp Ipo

Antero resources corp ipo

News / Investors

American energy company

Antero Resources Corporation is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

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The company's reserves are entirely in the Appalachian Basin (87% were in the Marcellus Shale and 13% were in the Utica Shale) and are extracted using hydraulic fracturing.[1]

As of December 31, 2018, the company had 18,011 billion cubic feet (510 billion cubic meters) of estimated proved reserves, of which 64% was natural gas, 22% was ethane, 13% was natural gas liquids, and 1% was petroleum.[1]

The company is ranked 613th on the Fortune 500.[2]

History[edit]

The company was founded in 2002 by Paul M.

Rady and Glen C.

History of Success

Warren, Jr. after they sold their previous venture, Pennaco Energy, to Marathon Oil.

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Beginning in February 2003, Warburg Pincus invested over $1.5 billion into the company and at one time held a controlling stake.[3]

In 2005, the company sold its assets in the Barnett Shale to XTO Energy.[4]

In October 2013, the company became a public company via an initial public offering, raising $1.5 billion.[5]

In November 2014, the company spun off 30% of its midstream operations, Antero Midstream Partners LP, via an initial public offering.[6]

In September 2015, the company sold its integrated water business to its midstream affiliate for $1.05 billion.[7]

In August 2016, the company acquired assets in the Marcellus Shale from Statoil for $96 million.[8]

In January 2017, the company acquired assets in the Utica Shale from Rex Energy for $30 million.[9]

References[edit]

  1. ^ abc"Antero Resources Corporation 2018 Form 10-K Annual Report".

    U.S.

    Antero resources corp ipo

    Securities and Exchange Commission.

  2. ^"Antero Resources". Fortune.
  3. ^"Warburg Pincus Investments: Antero Resources".

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    Warburg Pincus.

  4. ^"XTO ENERGY TO PURCHASE ANTERO RESOURCES". The New York Times. January 12, 2005.
  5. ^"Antero Resources Corporation Prices Upsized Initial Public Offering" (Press release).

    Antero resources corp ipo

    PR Newswire. October 9, 2013.

  6. ^"Antero IPO garners $1.1B".

    Commodity Fundamentals Presentations

    American City Business Journals. November 5, 2014.

  7. ^Miller, Ben (September 18, 2015). "Antero Resources selling water business for $1.05B".

    Antero resources corp ipo

    American City Business Journals.

  8. ^Gough, Paul J. (August 1, 2016).

    Antero Resources

    "Antero buys Marcellus Shale acreage for $96M". American City Business Journals.

  9. ^Gough, Paul J.

    Antero Resources Visits the NYSE

    (January 4, 2017). "Rex Energy sells Utica Shale assets in Ohio". American City Business Journals.

External links[edit]

Antero Resources Headquarters in Denver