Press & News
February 2, 2012
Denver, CO, February 2, 2012 – Antero Resources announced today that its proved reserves at
December 31, 2011 increased 55% to 5.0 Tcfe. Proved, probable and possible reserves (3P) increased by
66% to 17.4 Tcfe. Antero estimates that it replaced 2,429% of production in 2011 with proved reserves.
Finding and development costs from all sources, including acquisitions, leasehold additions and all price
and performance revisions averaged $0.43 per Mcfe in 2011. Antero also announced that it has increased
its natural gas hedge position since November 2011 to 648 Bcfe with an average NYMEX-equivalent
price of $5.65 per MMBtu.
November 15, 2011
Denver, Colorado, November 15, 2011—Antero Resources today released its third quarter 2011 results. Those financial statements are included in Antero Resources Finance Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2011, which has been filed with the Securities and Exchange Commission.
October 28, 2011
Denver, Colorado, October 27, 2011 — Antero Resources announced today that the borrowing base under its bank credit facility has been increased to $1.2 billion. This represents a $400 million increase over Antero’s previous borrowing base which was determined in April 2011 and adjusted following Antero’s July 2011 issuance of $400 million of 7.25% senior unsecured notes due 2019. Lender commitments under the facility were increased to $850 million. The $850 million commitment can be expanded to the full $1.2 billion borrowing base upon bank approval.
September 26, 2011
Denver, Colorado, September 26, 2011—Antero Resources today announced that it has acquired a 7% overriding royalty interest (ORI) from CONSOL Energy in approximately 115,000 net acres located in the southwestern core of the Marcellus Shale play on a large portion of Antero’s existing West Virginia and Pennsylvania acreage position for $193 million. The cash transaction closed on September 21, 2011 with an effective date of July 1, 2011, and was funded with undrawn capacity on Antero’s credit facility.
August 15, 2011
Denver, Colorado, August 15, 2011—Antero Resources today released its second quarter 2011 results. Those financial statements are included in Antero Resources Finance Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, which has been filed with the Securities and Exchange Commission.
July 28, 2011
DENVER, CO, July 27, 2011 — Antero Resources announced today the pricing of a private placement of $400 million in aggregate principal amount of its 7.25% senior unsecured notes due 2019, which represents an upsize of $100 million over the initially-announced $300 million aggregate principal amount. The notes were sold at par to yield 7.25% to maturity. The offering is expected to close on August 1, 2011, subject to customary closing conditions.
July 26, 2011
Denver, CO, July 21, 2011 – Antero Resources announced today that its proved reserves at June 30,
2011 increased 10% to 3.6 Tcfe while proved, probable and possible reserves (3P) increased by 37% to
14.3 Tcfe. Antero also announced that it has increased its natural gas hedge position since May 2011 to
465 Bcfe with an average NYMEX-equivalent price of $5.92 per MMBtu.
May 31, 2011
Denver, Colorado, May 31, 2011—Antero Resources today announced a revised 2011 capital budget and outlook and updated its hedge position.
May 17, 2011
Denver, Colorado, May 16, 2011—Antero Resources today released its first quarter 2011 results. Those financial statements are included in Antero Resources Finance Corporation’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2011, which has been filed with the Securities and Exchange Commission.
March 31, 2011
Denver, Colorado, March 30, 2011—Antero Resources today announced its 2010 results. Antero continued to execute its strategy of low cost production and reserve growth in its core areas while hedging its future revenues to protect its capital program and balance sheet. [...]