One-Page Deal Sheet
Antero Resources Announces Closing of Arkoma Basin Asset Sale
Vanguard Natural Resources, Llc Antero Resources
Announced Date
June 05,2012
Effective Date
April 01,2012
Close Date
June 29,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
445
Asset/Basin:
{"Arkoma Basin"}
TargetZones:
{"Woodford Shale","F
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Antero Resources today announced that on June 29, 2012 it closed the previously announced sale of all of its exploration and production assets in the Arkoma Basin along with associated commodity hedges to Vanguard Natural Resources, LLC for $445 million in cash. After adjusting for estimated income, expenses and capital costs related to the Arkoma Basin properties and associated commodity hedges from the April 1, 2012 effective date of the sale through June 29, 2012, gross proceeds at closing was $434 million, subject to final post-closing adjustments. The Company expects to recognize a…
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