One-Page Deal Sheet
Antero Sheds Piceance Pipeline System for $316MM
Not Disclosed Antero Resources
Announced Date
December 21,2012
Close Date
December 21,2012
Transaction Type
Asset
Transaction Details: Require Private Equity Subscription
Antero Resources has closed the previously announced sale of all of its natural gas and pipeline assets in the Piceance Basin along with firm transportation obligations through 2021.
After adjusting for estimated income, expenses and capital costs related to the Piceance Basin properties from the October 1, 2012 effective date of the sale through December 21, 2012, Antero received $316 million in gross proceeds at closing, subject to final postclosing adjustments. Additionally, Antero has separately monetized 78 Bcf of CIG Index (Rockies) hedges for total proceeds of $112 million. The…