 | |
| Formerly | Antero Resources Appalachian Corporation |
|---|---|
| Company type | Public company |
| ISIN | US03674X1063  |
| Industry | Petroleum industry |
| Founded | 2002; 23 years ago (2002) |
| Founders |
|
| Headquarters | Denver, Colorado, U.S. |
Key people | Paul M. Rady Retired (Chairman &CEO) Glen C. Warren, Jr. Retired (President) Michael N. Kennedy (President & CEO) Brendan Krueger (CFO) |
| Products | |
Production output | 3.271 billion cubic feet of natural gas equivalent per day (2020) |
| Revenue |  US$4.619 billion (2021) |
| US$-186 million (2021) | |
| Total assets | US$13.896 billion (2021) |
| Total equity |  US$5.757 billion (2021) |
Number of employees | 519 (December 31, 2021) |
| Website | www |
| Footnotes / references [1] | |
Antero Resources Corporation is an American company engaged inhydrocarbon exploration. It is organized inDelaware and headquartered inDenver, Colorado. The company's reserves are entirely in theAppalachian Basin (92% were in theMarcellus Shale and 8% were in theUtica Shale) and are extracted usinghydraulic 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% wasnatural gas, 21% wasethane, 17% wasnatural gas liquids, and 1% waspetroleum.[1]
The company is ranked 672nd on theFortune 500.[2]
The company was founded in 2002 by Paul M. Rady and Glen C. Warren, Jr. after they sold their previous venture, Pennaco Energy, toMarathon 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 theBarnett Shale toXTO Energy.[4]
In October 2013, the company became apublic company via aninitial public offering, raising $1.5 billion.[5]
In November 2014, the company spun off 30% of itsmidstream operations, Antero Midstream Partners LP, via aninitial 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 fromStatoil for $96 million.[8]
In January 2017, the company acquired assets in the Utica Shale fromRex Energy for $30 million.[9]
