Leaders in Emission Reduction

Antero actively participates in a number of voluntary programs that focus on reducing emissions: EPA Natural Gas STAR Program, ONE Future, and API’s Environmental Partnership. As shown in Figure 9, being a leader in emission reduction efforts has translated into better GHG emission intensity performance when compared to major and independent companies that report the pertinent data. Both Antero Resources (AR), and AR combined with Antero Midstream (AM), are shown in the graph since some of the companies we are comparing ourselves with are upstream only, and some have midstream operations.

Antero joined the EPA Natural Gas STAR Program in 2017. By joining the EPA program, we expanded our commitment to evaluate and implement methane reduction projects. We transparently report voluntary reductions of methane emissions and participate in information sharing and technology transfer by working with our peers to keep up with industry trends.

*Company’s GHG intensity includes their midstream and/or downstream operations.

Comparisons for independents and majors who report include: BP, CHK, CNX, COP, CVX, DVN, ENI, EOG, EQNR, FANG, HES, MPC, NBL, RRC, RDS, SWN and XEC.

Source: Data retrieved from 2018 and 2019 sustainability reports or calculated from 2018 sustainability and public disclosures.

In 2018, Antero Resources became a member of ONE Future. ONE Future is an industry collective focused on voluntarily reducing methane emissions across the natural gas supply chain, with a goal to lower emissions to 1% or less of total natural gas production by 2025. ONE Future’s target is a science-based methane emission intensity target. The target seeks to ensure that fuel switching to natural gas will create GHG reduction benefits. Antero’s methane leak loss rate was at 0.046% in 2019, which is well ahead of the ONE Future cumulative industry goal of 1.0% and the gas production segment goal of 0.28% by 2025. At 0.046%, Antero outperformed their industry peers in 2018 who had an average leak loss rate of 0.10%.

ONE Future releases an annual report that is available for public review here. In 2018, Antero Resources also joined API’s Environmental Partnership (the Partnership). Their mission is to “continuously improve the industry’s environmental performance by taking action, learning about best practices and technologies, and fostering collaboration in order to responsibly develop our nation’s essential natural gas and oil resources.” To meet this commitment, Antero conducts leak detection and repair inspections at all permitted sites. In addition, as a participant in the Partnership, Antero has committed to submit annual metrics to track the progress of our emission reductions. An annual report is released to document the Partnership’s efforts and is available to the public for review here.

In 2018 and 2019, Antero participated in the CDP Climate Change questionnaire.