Antero Resources Corporation (7A6)

Overview

Antero Resources Corporation is an independent oil and natural gas company deeply invested in the development, exploration, production, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties within the United States. As a prominent player in the energy sector, it operates through its core segments: Exploration and Development, Marketing, and an Equity Method Investment in Antero Midstream. The foundation of Antero Resources was laid in 2002, and since then, it has evolved notably, transitioning its name from Antero Resources Appalachian Corporation to Antero Resources Corporation in June 2013. The company is strategically headquartered in Denver, Colorado, positioning itself at the heart of the country's energy industry. With a significant operational footprint, as of December 31, 2023, Antero Resources boasted around 515,000 net acres in the prolific Appalachian Basin along with approximately 172,000 net acres in the Upper Devonian Shale, signaling its considerable influence and operational scale within the energy sector.

Products and Services

• Exploration and Development:

This segment encompasses the core activities related to the exploration and development of oil and natural gas properties. Antero Resources deploys advanced technology and techniques to ensure the efficient extraction and production of natural gas and oil. Their extensive acreage in the Appalachian Basin and the Upper Devonian Shale plays a pivotal role in their operations, contributing significantly to their exploration and development efforts.

• Marketing:

Antero Resources’ marketing segment focuses on the commercial aspect of their operation, involving the sale and distribution of extracted natural gas, NGLs, and oil. This segment is critical to the company's revenue stream, leveraging the vast distribution network to meet energy demands across different markets. Moreover, it underscores Antero Resources' commitment to excellence not just in production but also in ensuring that their products reach various consumer bases efficiently.

• Equity Method Investment in Antero Midstream:

This unique segment highlights Antero Resources’ strategic investment in Antero Midstream, accentuating the company’s foresight in enhancing its operational efficiency and growth potential. Through Antero Midstream, the company gains access to essential midstream services, including gathering, compression, and processing of natural gas and oil. This symbiotic relationship underlines the cohesive strategy towards optimizing the production chain, from extraction to the market.