Antero Resources launches IPO

Antero Resources Corporation has launched its initial public offering of 30,000,000 shares of its common stock, at an anticipated initial public offering price between $38.00 and $42.00 per share. The company recently secured a $1 billion line- of-equity funding program led by Warburg Pincus.

PRESS RELEASE

Antero Resources Corporation (the “Company”) today announced the commencement of its initial public offering of 30,000,000 shares of its common stock, at an anticipated initial public offering price between $38.00 and $42.00 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (the “SEC”). The selling stockholder named in the registration statement expects to grant the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of the Company’s common stock held by the selling stockholder to cover over-allotments if the underwriters sell more than 30,000,000 shares of the Company’s common stock. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares of the Company’s common stock held by the Company to cover over-allotments if the underwriters sell more than 33,750,000 shares of common stock. Any exercise by the underwriters of their options to purchase additional shares of common stock will be made initially with respect to the 3,750,000 additional shares of common stock to be sold by the selling stockholder and then with respect to the 750,000 additional shares of common stock to be sold by the Company. The Company has been approved to list its common shares on the New York Stock Exchange (NYSE) under the symbol “AR,” subject to official notice of issuance.

Barclays, Citigroup, J.P. Morgan, Credit Suisse, Jefferies and Wells Fargo Securities will act as book running managers of the offering.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective.

This offering will be made only by means of a written prospectus. A copy of the preliminary prospectus for the offering may be obtained, when available, from:

Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
barclaysprospectus@broadridge.com
Toll-Free: (888) 603-5847
Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
batprospectusdept@citi.com
Toll-Free: (800) 831-9146
J.P. Morgan
c/o Broadridge Financial Solutions 1155 Long Island Avenue
Edgewood, New York 11717
Toll-Free: (866) 803-9204

Credit Suisse
c/o Prospectus Department
One Madison Avenue, Level B1
New York, New York 10010
newyork.prospectus@credit-suisse.com
Toll-Free: (800) 221-1037
Jefferies
c/o Equity Syndicate Prospectus Department
520 Madison Avenue
12th Floor
New York, New York 10022
Prospectus_Department@Jefferies.com
Toll-Free: (877) 547-6340