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Antero Resources completes $1B delevering program

September 21, 2017

Antero Resources Corp. (NYSE: AR) has monetized over $1 billion of non-exploration and production assets including the previously announced sale of 10 million common units representing limited partner interests in Antero Midstream Partners LP (NYSE: AM) and the restructuring of a portion of its commodity hedge portfolio.

Summary of Antero’s pro forma natural gas hedge position as of June 30, 2017 (1. NYMEX strip pricing as of 9/19/2017)

Highlights:

  • Sold $311 million of Antero Midstream common units
  • Monetized approximately $750 million of its natural gas hedge portfolio
  • Second half 2017 natural gas hedge prices and volumes remain unchanged at 1,860 BBtu/d at $3.64/MMBtu
  • Restructured the hedge swap prices with no change to hedge volumes

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