Antero Resources Announces Drop Down of Water Business to Antero Midstream

Article Abstract:

[PR Newswire] – DENVER, Sept. 18, 2015 /PRNewswire/ — Antero Resources Corporation (AR) ("Antero Resources" or the "Company") announced today that it has entered into a definitive agreement for Antero Midstream Partners LP (AM) ("Antero Midstream" or the "Partnership") to acquire Antero Resources’ integrated water business for an aggregate $1.05 billion in a combination of cash, assumed debt and Antero Midstream common units. In addition, Antero Resources is entitled to receive two potential $125 million earn-out payments at year-end 2019 and 2020 if certain fresh water volumetric delivery targets are met.

from Yahoo! Finance: Oil & Gas Drilling & Exploration Industry News

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