Antero 4Q: HG Energy Purchase Propels Co. from 3.4 to 4.2 Bcfe/d

Antero Resources, the largest Marcellus/Utica (M-U) driller in West Virginia, released its Q4 2025 update yesterday. In 2025, Antero Resources underwent a "transformational expansion" highlighted by the acquisition of HG Energy, the largest acquisition in Antero's history, which the company closed on just last week (see Antero Closes on Buying HG Energy for $2.8B, Borrows $1.5B from RBC). CEO Michael Kennedy noted that this move, along with increased well interests, significantly increases the company's scale and dry-gas exposure in West Virginia.

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