DENVER, Oct. 5, 2020 /PRNewswire/ -- Antero
Midstream Corporation (NYSE: AM) ("Antero Midstream" or the
"Company") today announced the publication of its 2019 Corporate
Sustainability Report. The report details Antero's ongoing
commitment to environmental excellence, strong governance, safe
operations and the communities in which it operates. The full
report is available at
www.anteromidstream.com/community-sustainability.
Report Highlights:
- Environmental Leadership
-
- One of the lowest GHG intensity levels in the
industry
- Methane leak loss rate in 2019 was 0.017%, compared to the
ONE Future industry and sector targets of 1.00% and 0.280%,
respectively
- 88% of total wastewater gathered was reused and 100% of
freshwater supplied was transported by pipeline
- Safety Culture and Outstanding Results
-
- 5 straight years without an employee Lost Time
Incident
- Lost Time Incident Rate of 0.055 in 2019 and Total
Recordable Incident Rate of 0.547 are some of the lowest in the
industry
- 7,556 employee safety training hours in 2019
- Strong Governance and Gender Diversity
-
- 67% of the Board of Directors is independent
- Established Environmental, Sustainability and Social
Governance (ESG) Committee of Board of Directors in 2020
- 33% of Independent Directors and 22% of senior leadership
including multiple department heads are female
- Community Engagement
-
- Established The Antero Foundation
- $570,000 contributed to
community and civic organizations in 2019
- 3,200 employee hours volunteered in 2019
2025 Environmental
Goals:
- 100% reduction in pipeline pigging emissions
- Align with TCFD and SASB guidelines in the meantime
Paul Rady, Chairman and Chief
Executive Officer of Antero Midstream commented, "Our outstanding
ESG performance exemplifies our unwavering and long-standing
commitment to make every effort to do the right thing, take
accountability for our actions and maintain our position as a
world-class sustainable energy producer, partner and employer of
choice. We are dedicated to adapting and leading, and operating
ethically and responsibly. This commitment is evident in our
performance and culture as we proactively care for our employees,
contractors, community and the environment."
Glen Warren, President and
Director of Antero Midstream said, "Natural gas is key to the
energy transition and our ability to address the risks associated
with climate change. As the lightest and least greenhouse gas
(GHG) intensive hydrocarbon, natural gas is just as important as
wind and solar in the energy mix that allows the U.S. and the globe
to transition to a lower carbon future. Natural gas is a transition
fuel and part of the solution. Investors, creditors, the
communities in which we operate, and employees can be stakeholders
in a hydrocarbon business that is natural gas focused while at the
same time meeting high ESG standards."
Presentation
The Company posted its 2019 Corporate Sustainability Report
presentation on its website at
www.anteromidstream.com/community-sustainability. Information on
the Company's website does not constitute a portion of, and is not
incorporated by reference into, this press release.
Antero Midstream Corporation is a Delaware corporation that owns, operates and
develops midstream gathering, compression, processing and
fractionation assets located in West
Virginia and Ohio, as well
as integrated water assets that primarily service Antero Resources
Corporation's properties. The Company's website is located at
www.anteromidstream.com.
While Antero Midstream
believes all historical calculations presented in this release and
the Corporate Sustainability Report were completed consistent with
current industry standards, the numbers provided have not been
audited by a third party audit firm.
This release includes "forward-looking statements."
Such forward-looking statements are subject to a number of risks
and uncertainties, many of which are not under Antero Midstream's
control. All statements, except for statements of historical
fact, made in this release regarding our strategy, future
operations and forecasts of future events, including our
environmental goals, are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. All
forward-looking statements speak only as of the date of this
release. These forward-looking statements are management's
belief, based on currently available information, as to the outcome
and timing of future events. Although Antero Midstream
believes that the plans, intentions and expectations reflected in
or suggested by the forward-looking statements are reasonable,
there is no assurance that these plans, intentions or expectations
will be achieved. Therefore, actual outcomes and results
could materially differ from what is expressed, implied or forecast
in such statements. Except as required by law, Antero
Midstream expressly disclaims any obligation to and does not intend
to publicly update or revise any forward-looking
statements.
In addition, many of the standards and metrics used in
preparing this release and the Corporate Sustainability Report
continue to evolve and are based on management expectations and
assumptions believed to be reasonable at the time of preparation
but should not be considered guarantees. The standards and metrics
used, and the expectations and assumptions they are based on, have
not been verified by any third party.
Antero Midstream cautions you that these forward-looking
statements are subject to all of the risks and uncertainties
incident to our business, most of which are difficult to predict
and many of which are beyond Antero Midstream's control.
These risks include, but are not limited to, commodity price
volatility, inflation, environmental risks, Antero Resources'
drilling and completion and other operating risks, regulatory
changes, the uncertainty inherent in projecting Antero Resources'
future rates of production, cash flows and access to capital, the
timing of development expenditures, impacts of world events,
including the COVID-19 pandemic, potential shut-ins of production
by producers due to lack of downstream demand or storage
capacity, and the other risks described under the heading
"Item 1A. Risk Factors" in Antero Midstream's filings with the
SEC.
This release and the Corporate Sustainability Report contain
statements based on hypothetical or severely adverse scenarios and
assumptions, and these statements should not necessarily be viewed
as being representative of current or actual risk or forecasts of
expected risk. While future events discussed in this release or the
report may be significant, any significance should not be read as
necessarily rising to the level of materiality of certain
disclosures included in Antero Midstream's SEC filings.
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SOURCE Antero Midstream Corporation