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Antero Resources Corp T.AR


Primary Symbol: AR

Antero Resources Corporation is an independent natural gas and natural gas liquids (NGLs) company. The Company is engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. The Company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs and oil from unconventional formations. The Company operates through three segments: the exploration, development, and production of natural gas, NGLs and oil; marketing of excess firm transportation capacity; and midstream services through its equity method investment in Antero Midstream Corporation (Antero Midstream). The Company holds approximately 515,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio.


NYSE:AR - Post by User

Post by crazytimeson Aug 14, 2023 11:55am
141 Views
Post# 35587103

Just trying to Calculate the the Wage Effect?

Just trying to Calculate the the Wage Effect?If there is a worker shortage, especially for skilled trades. If you have 400 employees. If each works 2100 hours per year. Only a $10 per hour wage increase across the board to lure workers is a massive cost of $8.4 million per year. And that's only $10?! Not sure how much of a premium is needed to secure the required workers, especially the skilled and essential ones, but I am guessing an additional $10 per hour average might not do it with all the new mines hiring? Also not sure of the cost to train? Would appreciate any input from someone with a better understanding of the current situation up there than myself? Thanks in advance? Just my opinion. Good luck to all. 
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