Antero Resources Corp.

Antero Resources Corp.

Antero Resources Corp.

Overview
Date Founded

2002

Headquarters

1615 WYNKOOP STREET, DENVER, CO, 80202

Type of Company

Public

Employees (Worldwide)

522

Industries

Oil & Gas
Power & Utilities

Company Description

Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream Corporation. The company was founded by Paul M. Rady and Glen C. Warren, Jr. in June 2002 and is headquartered in Denver, CO.

Executives & Employees

Co-Founder

President & Chief Financial Officer

Chief Financial Officer

General Counsel & Vice President-Legal

Vice President-Accounting & Chief Accounting Officer

Treasurer, Chief Administrative Officer & Senior Vice President

Vice President-Finance & Treasurer

Senior Vice President-Reserves, Planning & Midstream

Senior Vice President-Operations

Senior Vice President-Land

Board of Directors

Co-Founder at Antero Resources Corp.

President & Chief Financial Officer at Antero Resources Corp.

Founding Partner at Yorktown Partners LLC

Director-Emeritus at The West Virginia Oil & Natural Gas Association, Inc.

Former Vice President, Chief Financial Officer, Treasurer & Secretary at Cimarex Energy Co.

Chief Executive Officer at Extraction Oil & Gas, Inc.

Founder at 3Bear Energy LLC

Member, Board of Directors at Antero Resources Corp.

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Owners & Shareholders
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FPR seeks to invest in companies that offer an opportunity for an attractive return with low risk of loss of invested capital. They focus on companies which the most important factors of success are largely measurable and then concentrate on analyzing those factors. The firm has a belief that their long-term investment horizon will allow them to invest at prices that will allow room for added growth potential with reduced risk of loss. FPR will primarily purchase securities of companies that FPR believes to be excellent companies.

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SSCP is a solutions-oriented manager that focuses exclusively on delivering superior risk-adjusted returns, over the long-term in the global natural resource sector. The firm purchases stakes in companies that we expect to create value only when we believe that the risk of capital impairment is low. They strive to generate attractive through-cycle returns across a broad array of commodities in a concentrated, liquid investment strategy. Their minimum investment horizon is 3-5 years, reflecting the durable nature of our portfolio companies' competitive advantages.

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Shah Capital Management (SCM) offers advice through the SCM Program with respect to portfolios which may include any of the following securities: exchange-listed securities, including individual equities and ETFs; securities traded over-the-counter; foreign issuers; corporate debt securities; commercial paper; certificates of deposit; municipal securities; no-load or load waived mutual fund shares; US governmental securities; and options contracts on securities.The Shah Capital Opportunity Master Fund seeks to outperform the S&P 500 and MSCI-World Indices and maximize returns measured over a long-term time horizon, while accepting a level of risk consistent with the preservation of the fund’s assets. The fund focuses primarily on global equity securities, both long and short, while using leverage when appropriate on a limited basis.

Recent Transactions
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Antero Midstream Corp. purchases Antero Midstream Partners LP from Antero Resources Corp.

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Antero Resources Corp. issued USD Common Units

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Antero Midstream Partners LP issued USD Common Units

Transaction Clients

Advised on Antero Midstream Partners LP issued USD Common Units

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onXTO Energy, Inc. purchases Antero Resources Corp.

Escrow Agent

Advised onAntero Resources Corp. issued USD Common Stock

Underwriter

Advised onAntero Resources Corp. issued USD Common Stock

Executive Director

Advised onAntero Resources Corp. issued USD Common Stock

Legal Advisor

Advised onAntero Resources Corp. issued USD Common Stock

Associate

Advised onAntero Midstream Corp. purchases Antero Midstream Partners LP from Antero Resources Corp.

Advisors & Consultants
Legal Advisor

Partner at Vinson & Elkins LLP

Legal Advisor

Partner at Vinson & Elkins LLP

Clients

AltaGas is a geographically diverse energy infrastructure company comprised of three distinct business units: Gas, Power and Utilities. The Gas business gathers, processes, transports, stores and markets natural gas and natural gas liquids, touching more than 2 Bcf/d of natural gas in Canada. AltaGas’ existing power portfolio comprises 407 MW of conventional and 148 MW of renewable power such as wind, run-of-river hydro, biomass, and waste heat recovery. We have natural gas distribution utilities in Alberta, British Columbia, Nova Scotia, and the Northwest Territories, and serve more than 115,000 customers. With the $1.135 billion SEMCO acquisition, AltaGas’ utilities will serve an additional 418,000 customers in Michigan and Alaska. AltaGas also has a pipeline of exciting projects across all businesses, with a plan to spend $2 billion in organic growth by 2015. These new assets are expected to increase EBITDA by 160 percent.

Cheniere Energy Partners LP We are a Delaware limited partnership formed by Cheniere Energy, Inc. Through our wholly owned subsidiary, Sabine Pass LNG, we own and operate the Sabine Pass LNG receiving terminal in western Cameron Parish, Louisiana on the Sabine Pass Channel. Our primary business objectives are to generate stable cash flows sufficient to pay the initial quarterly distribution to our unitholders and, over time to increase our quarterly cash distribution. We are currently developing our proposed liquefaction project at our Sabine Pass terminal which would transform the terminal into a bi-directional LNG processing facility capable of importing foreign sourced LNG and exporting U.S. natural gas as LNG. The company’s common units are listed on the American Stock Exchange under the symbol: CQP.

Key Stats and Financials As of 2020
Market Capitalization
$2.89B
Total Enterprise Value
$7.42B
Earnings Per Share
$-4.65
Revenue
$2.62B
EBITDAMargin
-27.69%
Total Equity
$6.09B
EBITDA
$-725M
Total Debt
$5.62B
Net Profit
$-1.27B
Enterprise Value / Sales
2.84x
TEVNet Income
-5.86x
Debt TEV
0.76x
Three Year Compounded Annual Growth Rate Of Revenue
-4.65%
Non-Profit Donations & Grants
Suppliers
Crestwood Equity Partners LP Power & Utilities | Dallas, TX

Crestwood Equity Partners LP engages in investment and management of energy midstream assets. It operates through the following segments: Gathering and Processing; Storage and Transportation; and Marketing, Supply, and Logistics. The Gathering and Processing segment provides gathering and transportation services; processing, treating, and compression services; and disposal services to producers in unconventional shale plays and tight-gas plays. The Storage and Transportation segment includes COLT Hub and equity investments in three joint ventures. The Marketing, Supply, and Logistics segment comprises of natural gas liquids, crude oil, and natural gas marketing and logistics operations. The company was founded by Robert G. Phillips in October 2010 and is headquartered in Houston, TX.

Antero Midstream Partners LP Power & Utilities | Denver, Colorado

Antero Midstream Partners LP owns, operates, and develops midstream energy assets. It operates through the Gathering and Processing, and Water Handling and Treatment segments. The company is headquartered in Denver, CO.

Summit Midstream Partners LP Power & Utilities | Houston, TX

Summit Midstream Partners LP is a limited partnership focused on owning and operating midstream energy infrastructure that is strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in North America. It operates through the following segments: Utica Shale, Ohio Gathering, Williston Basin, DJ Basin, Permian Basin, Piceance Basin, Barnett Shale and Marcellus Shale. The company was founded by Steven J. Newby in May 2012 and is headquartered in Downtown Houston, TX.

Competitors
CNX Resources Corp. Oil & Gas - Canonsburg, Pennsylvania

CONSOL Energy, a publicly owned Pittsburgh-based producer of coal and natural gas, is one of the leading diversified energy companies in the United States of America. Our premium Appalachian coals are sold worldwide to electricity generators and steelmakers, and our Natural Gas Division has grown from a pure-play coalbed methane producer to a full-fledged exploration and production operation. We are a leading producer in the Marcellus Shale and we conduct an active exploration program in the Utica Shale. Since our founding in 1860 and our first active mining operations in 1864, CONSOL has powered the nation with affordable, abundant, reliable domestic energy. Today, CONSOL's more than 9,000 employees help generate the fuels - coal and natural gas - that comprise two thirds of the nation's power supply. Our energy supports the American way of life by helping deliver electricity 24/7, creating family-sustaining jobs and keeping our nation competitive in the global marketplace. Our strong record of environmental stewardship and our commitment to community have helped enable us to become the dynamic and accomplished energy company we are today. CONSOL Energy maintains the largest private research and development facility in the U.S. industry that is devoted exclusively to coal and energy utilization and production. In addition to supporting the production of CONSOL Energy's coal and gas operations, it also focuses on energy development, improving energy efficiency and reducing pollution. This facility was borne out of our core values - Safety, Compliance and Continuous Improvement - and enables us to identify opportunities and implement solutions that drive safety, production, and utilization of our strategic resources in smarter, more efficient ways. CONSOL Energy's coal mines are highly technical operating environments that require specialized training. The days of pick axes and shovels have been replaced with technologically advanced processes such as longwall mining, enhanced safety protocols, digital technologies and sophisticated communications technologies such as those employed at our centralized Communications Center at corporate headquarters. These advances have helped make the mining process safer and more productive, more than doubling resource recovery. CONSOL Energy's natural gas operations include coal bed methane extraction, conventional and shale gas exploration and production, all of which require expertise and technology that continues to evolve and advance. From safety to environmental protocols, techniques and equipment, advances in these areas are continuous, improving recovery, enhancing safety, and providing more environmentally protective methods

Southwestern Energy Co. Oil & Gas - Houston, TX

outhwestern Energy Company is a growing independent energy company primarily engaged in natural gas and crude oil exploration, development and production within North America. We are also focused on creating and capturing additional value through our natural gas gathering and marketing businesses, which we refer to as Midstream Services. Exploration and Production - Our primary business is the exploration for and production of unconventional oil and natural gas. Our current operations are principally focused on development of unconventional oil and natural gas in the Fayetteville Shale in Arkansas, the Marcellus Shale in Pennsylvania, the Brown Dense in Arkansas and Louisiana and other new venture plays in North America. We primarily conduct our exploration and production operations through our wholly-owned subsidiaries, SEECO, Inc. and Southwestern Energy Production Company, or SEPCO. SEECO has historically operated exclusively in Arkansas. It holds a large base of both developed and undeveloped gas reserves in Arkansas and conducts the drilling programs for the Fayetteville Shale play and the conventional drilling program in the Arkansas part of the Arkoma Basin. SEPCO conducts development drilling and exploration programs in the Oklahoma portion of the Arkoma Basin, Texas, Pennsylvania, Louisiana, Colorado and Montana. SWN Drilling, a wholly-owned subsidiary of SEPCO, operates drilling rigs in the Fayetteville Shale play, Pennsylvania and Louisiana. Midstream Services - Our Midstream Services segment primarily supports our E&P operations and is currently concentrated on the Fayetteville Shale play. Midstream Services generates revenue from gathering fees associated with the transportation of natural gas to market and through the marketing of our own gas production and some third-party natural gas. We engage in gas gathering activities in Arkansas, Pennsylvania and Texas through our gathering subsidiaries, DeSoto Gathering Company, L.L.C. and Angelina Gathering Company, L.L.C. Our gas marketing subsidiary, Southwestern Energy Services Company, or SES, captures downstream opportunities which arise through marketing and transportation activity.

Range Resources Corporation Oil & Gas - Fort Worth, Texas

Range Resources Corporation is among the leading independent natural gas companies operating in the United States through subsidiaries in both the Southwestern and Appalachian regions of the country. The Company pursues an organic growth strategy at low finding costs by exploiting a multi-decade inventory of drilling opportunities. A large portion of the Company’s drilling inventory consists of unconventional resource plays targeting shale and coal bed methane natural gas reservoirs. Our drill bit growth strategy is supplemented periodically with complementary acquisitions in or around our current operations, leveraging our technical expertise to add to the reserve growth potential of the Company. At December 31, 2012, Range had 6.5 Tcfe of proved reserves, a 29% increase over the prior year. Proved reserves were 74% natural gas, 22% natural gas liquids and 4% crude oil. In addition, Range estimates 48 to 68 Tcfe in net unrisked resource potential from its unbooked drilling inventory and emerging plays. Range’s common stock is listed on the New York Stock Exchange under the symbol “RRC.”

Awards & Honors
Rank #598
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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