Antero Resources Corp.

Antero Resources Corp.

Antero Resources Corp.

Overview
Date Founded

2002

Headquarters

1615 Wynkoop Street, Denver, CO, 80202, USA

Type of Company

Public

Employees (Worldwide)

623

Industries

Oil & Gas
Power & Utilities

Company Description

Antero Resources Corp. is an independent oil and natural gas company, which engages in the exploration, development and acquisition of natural gas, natural gas liquids and oil properties located in the Appalachian Basin. It also focuses on unconventional reservoirs, which can generally be characterized as fractured shales formations. 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, Secretary & Director

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

Senior Vice President-Gathering, Marketing & Transportation

Board of Directors

Co-Founder at Antero Resources Corp.

President, Chief Financial Officer, Secretary & Director at Antero Resources Corp.

Founding Partner at Yorktown Partners LLC

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

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

President, Chief Financial Officer & Director at Vantage Energy II LLC

President at Colorado State University

Founder at 3Bear Energy LLC

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Owners & Shareholders
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FPR Partners focuses on investments in companies that offer an opportunity for an attractive return with low risk of loss of invested capital. The firm seeks both to enhance returns and minimize risk primarily by investing in a concentrated portfolio of high-quality public companies that are priced below their intrinsic value. FPR then constructively engages the management teams of such companies to assist them in identifying and increasing shareholder value. While the funds' focus primarily on long-term investment in publicly traded securities, they may also seek to increase overall returns by opportunistically investing in various types of securities, including, but not limited to, options, short sales, debt and special situation investments. FPR's investment horizon is typically 3 to 5 years.

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SailingStone Capital Partners invests client assets primarily in accordance with their Natural Resources Strategy and/or their Natural Gas Strategy. The Natural Resources Strategy invests primarily in equity securities of issuers that the firm considers to be engaged principally in natural resources industries anywhere in the world. These portfolios typically hold a limited number of securities. SailingStone seeks to purchase securities in companies with these characteristics when SailingStone believes the price reflects a limited possibility of permanent capital impairment. SailingStone's Natural Gas Strategy invests in equity securities of companies that produce natural gas in North America or engage in natural gas-related businesses that may benefit from an improvement in long-term natural gas fundamentals. The strategy is concentrated around companies that the firm believes possess a combination of the three attributes required to generate excess returns in a commoditized industry: producing assets which sit at the bottom of a steeply sloped supply cost curve, highly capable management teams with a strong track record of prudent capital allocation and value creation, and a deep inventory of advantaged assets into which capital can be deployed at high rates of return.

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Key Group Holdings Cayman seeks to generate consistent positive returns, in varying market conditions, by investing, on both a long and short basis, in equity securities of companies that operate predominantly in the natural resources and energy industries, as well as certain sub-sectors they believe to be tangentially related. The firm relies primarily on extensive fundamental analysis of a broad universe of issuers within the identified sectors and sub-sectors. The accounts managed by Key Group may also invest in certain commodity and commodity-related sub-sectors and certain industrial sub-sectors. Potential investments include global equity, fixed income, commodity and derivatives with the aim of capital appreciation in a disciplined manner. Key Group may use investments in commodities futures contracts or other commodity-related derivatives for both hedging and speculative investing purposes.

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 Common Units

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Antero Midstream Partners LP issued Common Units

Transaction Clients

Advised on Antero Midstream Partners LP issued 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 Common Stock

Underwriter

Advised onAntero Resources Corp. issued Common Stock

Executive Director

Advised onAntero Resources Corp. issued Common Stock

Legal Advisor

Advised onAntero Resources Corp. issued 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

WGL Holdings, Inc. is a public utility holding company serving the Washington, D.C. metropolitan region. Washington Gas, our leading subsidiary, has provided safe, reliable natural gas service to customers in the D.C. area for over 160 years and, today, serves more than one million customers in the District of Columbia, Maryland and Virginia. Our unregulated subsidiaries provide energy-related services to residential and commercial customers, including government organizations. Whether we are distributing clean natural gas safely to a customer’s home, providing electric power through renewable wind energy, or installing energy-efficient systems for the federal government, our vision is consistent and clear throughout our business: to be the preferred source of clean and efficient energy solutions

Tenaska Energy, Inc. engages in the operation, development, and ownership of power plants. It focuses on natural gas, electric power, and biofuels. The company was founded on November 16, 2000 and is headquartered in Omaha, NE.

Mercuria Energy Group Holding SA operates as a holding company with interests in commodities trading. The company is headquartered in Geneva, Switzerland.

Key Stats and Financials As of 2018
Market Capitalization
$511M
Total Enterprise Value
$9.01B
Earnings Per Share
$-1.26
Net Profit
$-398M
EBITDA
$1.6B
EBITDAMargin
38.71%
Total Debt
$5.47B
Total Equity
$8.49B
Enterprise Value Sales
2.18x
Enterprise Value EBITDAOperating
5.63x
TEVNet Income
-22.67x
Debt TEV
0.61x
Revenue
$4.13B
Three Year Compounded Annual Growth Rate Of Revenue
37.98%
Five Year Compounded Annual Growth Rate Of Revenue
38.15%
Suppliers
Crestwood Equity Partners LP Power & Utilities | Dallas, TX

Crestwood Equity Partners LP owns and operates energy midstream infrastructure and engages in the natural gas liquids marketing, supply and logistics business. 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 and processing, treating and compression services to producers in unconventional shale plays and tight-gas plays in North Dakota, West Virginia, Texas, New Mexico, Wyoming, Arkansas, and Louisiana. The Storage and Transportation segment includes COLT Hub, which is crude-by-rail terminal serving Bakken crude oil production. The Marketing, Supply and Logistics segment includes West Coast operations, supply and logistics operations, storage and terminals operations, crude oil and produced water trucking operations, and U.S. Salt, LLC. The company was founded on March 7, 2001 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. The company's assets consist of gathering pipelines, compressor stations and fresh water distribution systems, through which it provides midstream services to Antero Resources Corp. under long-term, fixed-fee contracts. It operates its business through the Gathering and Processing; and Water Handling and Treatment segments. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects natural gas from Antero's operations in the Marcellus and Utica Shale. The Water Handling and Treatment segment includes two independent fresh water distribution systems that distribute fresh water from the Ohio River and several other regional water sources for well completion operations in Antero's Marcellus and Utica Shale operating areas. These systems consist of permanent buried pipelines, portable surface pipelines and fresh water storage facilities, as well as pumping stations to transport the fresh water throughout the pipeline networks. The company was founded on September 23, 2013 and is headquartered in Denver, CO.

Summit Midstream Partners LP Power & Utilities | The Woodlands, 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, Piceance Basins, Barnett Shale and Marcellus Shale. The company was founded by Steven J. Newby in May 2012 and is headquartered in The Woodlands, TX.

Competitors
Chevron Corp. Oil & Gas - San Ramon, California

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

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

Cabot Oil & Gas's Offshore Assets Oil & Gas - Houston, TX

Cabot Oil & Gas Corp. engages in the development, exploitation, and exploration of oil and gas properties. It operates through the Marcellus shale in Pennsylvania. The company was founded in 1989 and is headquartered in Houston, TX.

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