American energy company
Antero Resources Headquarters in Denver Antero Resources Corporation is an American company engaged in hydrocarbon exploration . It is organized in Delaware and headquartered in Denver, Colorado . The company's reserves are entirely in the Appalachian Basin (92% were in the Marcellus Shale and 8% were in the Utica Shale ) and are extracted using hydraulic fracturing .[ 1]
As of December 31, 2021, the company had 17,729 billion cubic feet (502 billion cubic meters) of estimated proved reserves, of which 61% was natural gas , 21% was ethane , 17% was natural gas liquids , and 1% was petroleum .[ 1]
The company is ranked 672nd on the Fortune 500 .[ 2]
History
The company was founded in 2002 by Paul M. Rady and Glen C. Warren, Jr. after they sold their previous venture, Pennaco Energy, to Marathon Oil .
Beginning in February 2003, Warburg Pincus invested over $1.5 billion into the company and at one time held a controlling stake.[ 3]
In 2005, the company sold its assets in the Barnett Shale to XTO Energy .[ 4]
In October 2013, the company became a public company via an initial public offering , raising $1.5 billion.[ 5]
In November 2014, the company spun off 30% of its midstream operations, Antero Midstream Partners LP, via an initial public offering.[ 6]
In September 2015, the company sold its integrated water business to its midstream affiliate for $1.05 billion.[ 7]
In August 2016, the company acquired assets in the Marcellus Shale from Statoil for $96 million.[ 8]
In January 2017, the company acquired assets in the Utica Shale from Rex Energy for $30 million.[ 9]
References
External links
Energy Materials Industrials Consumer Consumer Health Care Financials Information Communication Real Estate Utilities
