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Formerly | Antero Resources Appalachian Corporation |
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Company type | Public company |
ISIN | US03674X1063 ![]() |
Industry | Petroleum industry |
Founded | 2002 |
Founders |
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Headquarters | Denver, Colorado, U.S. |
Key people | Paul M. Rady (Chairman & CEO) Glen C. Warren, Jr. Retired (President) Michael N. Kennedy (CFO) |
Products | |
Production output | 3.271 billion cubic feet of natural gas equivalent per day (2020) |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 519 (December 31, 2021) |
Website | www |
Footnotes /references [1] |
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]
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]
Ovintiv Inc. is an American petroleum company based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana.
Chesapeake Energy Corporation is an American exploration and production company, headquartered in Oklahoma City.
Devon Energy Corporation is a company engaged in hydrocarbon exploration in the United States. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its primary operations are in the Barnett Shale STACK formation in Oklahoma, Delaware Basin, Eagle Ford Group, and the Rocky Mountains.
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EQT Corporation is an American energy company engaged in hydrocarbon exploration and pipeline transport. It is headquartered in EQT Plaza in Pittsburgh, Pennsylvania.
XTO Energy Inc. is an American energy company and subsidiary of ExxonMobil principally operating in North America. Acquired by ExxonMobil in 2010 and based out of Spring, Texas, it is involved with the production, processing, transportation, and development of oil and natural gas resources. The company specializes in developing shale gas via unconventional means like hydraulic fracturing and horizontal drilling.
Noble Energy, Inc. was a company engaged in hydrocarbon exploration headquartered in Houston, Texas. In October 2020, the company was acquired by Chevron Corporation.
Rex Energy Corporation was a natural gas exploration and production company headquartered in State College, Pennsylvania. In 2018, the company was acquired by PennEnergy Resources.
Shale gas in the United States is an available source of unconventional natural gas. Led by new applications of hydraulic fracturing technology and horizontal drilling, development of new sources of shale gas has offset declines in production from conventional gas reservoirs, and has led to major increases in reserves of U.S. natural gas. Largely due to shale gas discoveries, estimated reserves of natural gas in the United States in 2008 were 35% higher than in 2006.
The Utica Shale is a stratigraphical unit of Upper Ordovician age in the Appalachian Basin. It underlies much of the northeastern United States and adjacent parts of Canada.
Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the company has amassed a significant land base of extensive, high quality resources. Athabasca's common shares trade on the TSX under the symbol "ATH".
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Range Resources Corporation is a natural gas exploration and production company headquartered in Fort Worth, Texas. It operates in the Marcellus Formation, where it is one of the largest land owners
Whiting Petroleum Corporation was a company engaged in hydrocarbon exploration primarily in the Bakken Formation and Three Forks Shale. It was organized in Delaware with its operational headquarters in Denver, Colorado.
Chord Energy Corporation is a company engaged in hydrocarbon exploration and hydraulic fracturing in the Williston Basin in North Dakota and Montana. It is organized in Delaware and headquartered in Houston, Texas, with an office in Williston, North Dakota. The company was formerly known as Oasis Petroleum.
American Energy Partners, LP, also known as AELP, was an American natural gas and oil company founded in April 2013 by Aubrey K. McClendon. The company managed affiliates responsible for natural shale gas and oil production and exploration in the United States, as well as management of assets, minerals, royalties and non-operated properties. It was headquartered in Oklahoma City, Oklahoma, and employed over 450 people as of August 2015. AELP announced on May 18, 2016, two months after McClendon's death, that it would end operations and close by the end of summer 2016.
CNX Resources Corporation is a natural gas company based in Pittsburgh with operations in the Appalachian Basin, primarily in the Marcellus Shale and Utica Shale in Pennsylvania, Ohio and West Virginia. It also develops coalbed methane properties in Virginia along with a methane capture and abatement program. The company also has extensive midstream operations and is one of the largest producers of natural gas in the United States.
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