Antero Raises $402M by Selling Royalty Interest to Sixth Street

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Antero Resources, one of the biggest (and best) Marcellus/Utica pure play drillers concentrating most of their drilling in West Virginia, issued a press release yesterday to announce the company has sold an overriding royalty interest (ORRI) in all of their wells for $402 million. The company will use the money to pay down debt. Antero also posted an updated slide deck yesterday with some great information about NGLs and what the company sees in the way of prices coming for NGLs.

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