Warburg Pincus Holding Antero Resources (AR) Files for $1B IPO
Tweet
Share
E-mail
Get Alerts AR Hot Sheet
Join SI Premium – FREE
Antero Resources Corp. (NYSE: AR) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $1 billion. Antero plans to list on the New York Stock Exchange under the ticker "AR."
The offering is being made through Barclays, Citigroup, J.P. Morgan, Credit Suisse, Jefferies, and Wells Fargo Securities.
Production update: "Our net daily production in the first quarter of 2013 averaged 383 MMcfe/d, including 2,392 Bbls/d of NGLs and oil. Further, our estimated average net daily production for the month of May 2013 was 461 MMcfe/d, including 4,114 Bbls/d of NGLs and oil. We grew proved reserves at a compounded annual growth rate of 96% from 2006 to 2012, despite the 2012 divestiture of our Arkoma and Piceance Basin properties. Additionally, during 2012, we increased our Appalachian proved reserves by 73% to 4.9 Tcfe at year end."
Antero Resources is an independent natural gas and oil company engaged in the exploitation, development and acquisition of natural gas, NGLs and oil properties located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania.
Funds affiliated with Warburg Pincus will own 38.4% of the voting interests in Antero.
The full filing can be seen here.
The offering is being made through Barclays, Citigroup, J.P. Morgan, Credit Suisse, Jefferies, and Wells Fargo Securities.
Production update: "Our net daily production in the first quarter of 2013 averaged 383 MMcfe/d, including 2,392 Bbls/d of NGLs and oil. Further, our estimated average net daily production for the month of May 2013 was 461 MMcfe/d, including 4,114 Bbls/d of NGLs and oil. We grew proved reserves at a compounded annual growth rate of 96% from 2006 to 2012, despite the 2012 divestiture of our Arkoma and Piceance Basin properties. Additionally, during 2012, we increased our Appalachian proved reserves by 73% to 4.9 Tcfe at year end."
Antero Resources is an independent natural gas and oil company engaged in the exploitation, development and acquisition of natural gas, NGLs and oil properties located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania.
Funds affiliated with Warburg Pincus will own 38.4% of the voting interests in Antero.
The full filing can be seen here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oura IPO said to draw four times demand as orders near close
- Diginex sets shareholder vote on Resulticks acquisition for Oct. 8
- Wells Fargo Starts Beta Bionics, Inc. (BBNX) at Overweight
Create E-mail Alert Related Categories
Hot IPOs, Private EquityRelated Entities
Credit Suisse, JPMorgan, Citi, Jefferies & Co, Warburg Pincus, Barclays, Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
