Antero Resources : U.S. oil, gas reserve-based loans rise by 5 pct
December 29, 2016 at 08:36 am EST
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(Reuters) - U.S. oil and gas companies are seeing their credit limits expand for the first time in two years as improving oil prices increase the value of their reserves against which banks lend.
Oil and gas companies that have so far announced the results of a biannual revision of borrowing limits report an average increase of about 5 percent in credit lines. Data below show reserve base lending (RBL) lines both before and after the latest redeterminations.
(Compiled by Bengaluru Newsroom; Editing by Jeffrey Benkoe)
Antero Resources Corporation is an independent natural gas and natural gas liquids (NGLs) company. The Company is engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. The Company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs and oil from unconventional formations. The Company operates through three segments: the exploration, development, and production of natural gas, NGLs and oil; marketing of excess firm transportation capacity; and midstream services through its equity method investment in Antero Midstream Corporation (Antero Midstream). The Company holds approximately 515,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio.
ANTERO RESOURCES CORPORATION 
