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Antero Resources Announces Midstream Fee Reductions And Asset Sale Program


Monday, 9 Dec 2019 

Dec 9 (Reuters) - Antero Resources Corp ::ANTERO RESOURCES ANNOUNCES MIDSTREAM FEE REDUCTIONS AND ASSET SALE PROGRAM.ANTERO RESOURCES - ENTERED INTO AGREEMENTS EXPECTED TO REDUCE GATHERING, PROCESSING & TRANSPORTATION COSTS BY ABOUT $350 MILLION OVER NEXT 4 YEARS.ANTERO RESOURCES CORP - DEALS INCLUDE GROWTH INCENTIVE FEE PROGRAM WITH ANTERO MIDSTREAM CORP.ANTERO RESOURCES - COMMENCEMENT OF AN ASSET SALE PROGRAM TARGETING $750 MILLION TO $1 BILLION IN PROCEEDS TO BE COMPLETED IN 2020.ANTERO RESOURCES CORP - ASSET SALE PROGRAM WAS INITIATED WITH A $100 MILLION SALE OF AM SHARES TO ANTERO MIDSTREAM.ANTERO RESOURCES CORP - ANTERO EXPECTS A $0.15 PER MCFE REDUCTION IN ITS 2020 ALL-IN CASH OPERATING COSTS AS COMPARED TO 2019.ANTERO RESOURCES CORP - BY 2022 CO IS TARGETING A $0.35 PER MCFE REDUCTION IN ALL-IN CASH OPERATING COSTS COMPARED TO 2019.ANTERO RESOURCES CORP - REVISED 2020 FREE CASH FLOW TARGET TO POSITIVE FREE CASH FLOW FROM A PREVIOUS FORECAST OUTSPEND OF $100 TO $150 MILLION.ANTERO RESOURCES CORP - ASSET SALE PROGRAM IS EXPECTED TO REDUCE DEBT AND RESULT IN LOW 2-TIMES LEVERAGE BY END OF 2020. 

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31 Mar 2020