Antero Resources Corp T.AR

Primary Symbol: AR

Energy Oil & Gas E&P

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.

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Antero Resources Corp > Not a Done Deal

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Comment by Lifexprton Mar 28, 2024 2:26pm

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Post# 35958638

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Not a Done Deal

In all honesty in grand scheme of things $700 million which is what Alamos paid for Magino isn't a bad price for a 140koz low grade operation that theoretically was supposed to be low cost around $1,000 AISC but in reality turned out to be closer to $1,500. I think what killed it were mill delays as well as lower than planned initial grade (2-3 years) this would have made more sense at 250k oz post expansion but there was no option on the table to fund this due to already elevated debt and profit limiting hedges on existing production. If this all went as planned from start we wouldn't be here.

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