Antero Midstream acquires water business in $1.05 billion deal

Antero Resources Corp. has entered into an agreement in which Antero Midstream Partners LP will acquire its integrated water business for $1.05 billion, reports the Akron Beacon Journal.  In addition, the newspaper says Antero Resources is entitled to receive two potential $125 million “earn-out payments” at the end of 2019 and 2020 if certain fresh water volume delivery targets are met. The acquisition includes Antero Resources' fresh-water delivery business and the exclusive right to provide water for Antero’s' natural gas and oil well operations in West Virginia and Ohio.

Ohio, West Virginia