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Antero Resources LLC Jan 10
Standard & Poors, Jan 2010
Abstract
Geographically diverse reserve base; and Favorable hedges that should support cash flows. Small reserve base; Production mix that is heavily weight toward natural gas; and Moderately high leverage. The ratings on Denver-based Antero Resources LLC reflect a small reserve base located in the Arkoma, Piceance, and Appalachian resource plays' production that is heavily weighted toward natural gas (giving heightened exposure to natural gas prices); and a management team with a proven track record. Antero had 680 billion cubic feet equivalent (bcfe) of proved oil and gas reserves as of Dec. 31, 2008. Approximately 47% of the company's reserves are in the Woodford Shale in the Arkoma Basin, 51% of reserves are in the Piceance Basin, and 2% of reserves are...
Companies mentioned in this report are: Antero Resources LLC
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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