To our employees, communities, and shareholders, we want to thank you . We appreciate you and are proud to have worked together during the past year to deliver clean, reliable energy to communities around the world .
OUR ROLE IN IMPROVING LIVES ACROSS THE WORLD
We take pride in our role in providing the critical infrastructure that links reliable, low-cost energy supply in Appalachia with global demand. According to the World Bank, 2.8 billion people are without access to clean cooking fuels and nearly 800 million people do not have electricity. Energy poverty has been a global problem
for centuries. As the fifth largest U.S. natural gas producer and the second largest U.S. Natural Gas Liquids ("NGLs") producer, Antero Resources (NYSE: AR) is directly supplying a portion of the energy needed to improve the health, safety and livelihood for people living in energy poverty.
T R O P E R L A U N N A 1 2 0 2 RESOURCES ANTERO
ANTERO RESOURCES 1
PEOPLE. PERFORMANCE. PURPOSE.
Through the extraordinary efforts of Antero Resources employees, we maintained safe and reliable operations that ran throughout the year. Their exceptional commitment represents the true strength and competitive advantage of Antero Resources. This dedication was further demonstrated
through the 1,300 employee volunteer hours and $550,000 donated through the Antero Foundation during 2021 in the West Virginia and Ohio communities where we live and work. The successes Antero achieved during 2021 were
a testament to their strength and resilience.
2
GLOBAL IMPACT ON ENERGY POVERTY
Natural gas and natural gas liquids are affordable, accessible and safer to serve our most vulnerable populations across the world. As the least Greenhouse Gas ("GHG") intensive hydrocarbon, natural gas provides reliable electricity to homes, businesses, and industries around the world. Liquids-rich natural gas generates an added benefit in the form of NGLs. Ethane, propane and butane
a few examples of NGLs - are used as feedstocks for petrochemical plants to produce health care products and recyclable food packaging, among many other industrial purposes. Liquid
Petroleum Gas ("LPG"), typically 75% propane and 25% butane, is the fuel of choice in the developing world as it's safer and cleaner than coal or biomass and does not require extensive infrastructure or pipelines.
In 2021, approximately 7 million barrels, or 1/3 of Antero's LPG exports were shipped to developing countries. These LPG exports have supplied cleaner energy to households in developing countries for heating, cooking and aiding in the transition from solid fuels and kerosene to lower GHG intensive sources.
ANTERO RESOURCES3
Attachments
Original Link
Original Document
Permalink
Disclaimer
Antero Resources Corporation published this content on 19 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2022 15:05:04 UTC.
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.