Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Antero Resources Corp    AR

ANTERO RESOURCES CORP

(AR)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Antero Resources : U. S. and West Virginia Reach Settlement With Antero Resources Corporation for Clean Water Act Violations at 32 West Virginia Sites

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/11/2019 | 02:19pm EDT

Monday, February 11, 2019

U. S. and West Virginia Reach Settlement With Antero Resources Corporation for Clean Water Act Violations at 32 West Virginia Sites

The Department of Justice, the United States Environmental Protection Agency (EPA), and the West Virginia Department of Environmental Protection (WVDEP) announced that they have reached a settlement with Antero Resources Corporation resolving alleged violations of Section 404 of the Clean Water Act (CWA) at 32 sites in Harrison, Doddridge, and Tyler Counties in West Virginia.

The settlement filed in U.S. District Court for the Northern District of West Virginia requires Antero to pay a civil penalty of $3.15 million and to conduct restoration, stabilization, and mitigation work at impacted sites. Antero will also provide mitigation for aquatic resource impacts.

"The Department of Justice is pleased to join with the EPA and the West Virginia Department of Environmental Protection in reaching this settlement and will continue to work with its law enforcement partners to hold corporations accountable for violating the nation's environmental laws," said Assistant Attorney General Jeffrey Bossert Clark of the Environment and Natural Resources Division.

"This settlement seeks to rectify harm done to U.S. waters from unauthorized activities undertaken by Antero, and demonstrates that federal and state regulators are committed to pursuing violations that threaten human health and the environment," said EPA Regional Administrator Cosmo Servidio.

Impacts to aquatic resources will be partially offset at a 51.5-acre permittee-responsible mitigation site that will restore, enhance, create, and preserve over 11,500 linear feet of streams and more than 3 acres of wetlands. The EPA-estimated value of the proposed mitigation and restoration is $8 million.

The violations involved the unauthorized disposal of dredged and fill materials into waters of the United States at or near sites where Antero had constructed well pads, compressor stations, impoundments, pipeline crossings, access roads, and other structures associated with Marcellus Shale natural gas extraction by means of hydraulic fracturing, also known as fracking.

While each of the 32 sites varied regarding the extent of the impact to wetlands and streams, the unauthorized activities impacted more than 19,000 linear feet of streams and over four acres of wetlands and included:

Stream impoundments;

Filling wetlands and streams for compressor station pads;

Realigning and culverting stream segments; and

Failing to fully restore "temporary" impacts.

Approximately half of the sites were identified by Antero through a self-audit. Several of the sites were associated with construction failures or "slips" from access roads and pads.

The proposed settlement which is subject to a 30-day public comment period is available at: http://www.doj.gov/enrd/consent-decrees?utm_medium=email&utm_source=govdelivery.

For more information about Clean Water Act Section 404 protection of wetlands and waterways, visit https://www.epa.gov/cwa-404?utm_medium=email&utm_source=govdelivery.

Press Release Number:

19-101

Updated February 11, 2019

Copyright (c) 2019 Federal Information & News Dispatch, Inc., source Federal Documents

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ANTERO RESOURCES CORP
04/11ANTERO RESOURCES : Announces First Quarter 2019 Earnings Release Date and Confer..
PR
03/25ANTERO RESOURCES CORP : Regulation FD Disclosure (form 8-K)
AQ
03/13ANTERO RESOURCES CORP : Entry into a Material Definitive Agreement, Completion o..
AQ
03/05ANTERO RESOURCES CORP : Regulation FD Disclosure, Other Events (form 8-K)
AQ
02/25ANTERO RESOURCES CORP : Regulation FD Disclosure, Other Events, Financial Statem..
AQ
02/15ANTERO RESOURCES CORP : Regulation FD Disclosure, Other Events, Financial Statem..
AQ
02/13ANTERO RESOURCES : Management's Discussion and Analysis of Financial Condition a..
AQ
02/13ANTERO RESOURCES : 4Q Earnings Snapshot
AQ
02/13ANTERO RESOURCES : Reports Fourth Quarter and Full Year 2018 Financial and Opera..
PR
02/13ANTERO RESOURCES : U. S. and West Virginia Reach Settlement With Antero Resource..
AQ
More news
Financials ($)
Sales 2019 4 553 M
EBIT 2019 575 M
Net income 2019 86,9 M
Debt 2019 4 664 M
Yield 2019 -
P/E ratio 2019 19 750,00
P/E ratio 2020
EV / Sales 2019 1,56x
EV / Sales 2020 1,48x
Capitalization 2 438 M
Chart ANTERO RESOURCES CORP
Duration : Period :
Antero Resources Corp Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANTERO RESOURCES CORP
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 13,3 $
Spread / Average Target 68%
EPS Revisions
Managers
NameTitle
Paul M. Rady Chairman & Chief Executive Officer
Glen C. Warren President, CFO, Secretary & Director
Diana O. Hoff Vice President-Operations
Aaron S. G. Merrick Vice President-Information Technology
Peter Randall Kagan Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ANTERO RESOURCES CORP-15.87%2 438
CNOOC LTD23.03%85 009
CONOCOPHILLIPS6.58%75 204
EOG RESOURCES INC.22.23%61 834
OCCIDENTAL PETROLEUM CORPORATION1.60%46 638
CANADIAN NATURAL RESOURCES LTD25.96%37 550