DENVER, Oct. 5, 2020 /PRNewswire/ -- Antero
Resources Corporation (NYSE: AR) ("Antero
Resources" 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.anteroresources.com/sustainability/founders-message.
Report Highlights:
- Environmental Leadership
-
- Reduced GHG intensity by 39% between 2016 and 2019, to one
of the lowest levels in the industry
- Methane leak loss rate in 2019 was 0.046%, compared to the
ONE Future industry and sector targets of 1.00% and 0.280%,
respectively
- 88% of total produced and flowback water generated was
reused and 41% of total water used was recycled and reused water,
year to date 2020
- Safety Culture and Outstanding Results
-
- 6 straight years without an employee Lost Time
Incident
- Lost Time Incident Rate of 0.026 and Total Recordable
Incident Rate of 0.285 in 2019 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:
- 50% reduction in methane leak loss rate to under
0.025%
- 10% reduction in GHG intensity
- Endeavor to achieve net zero carbon emissions through
operational improvements and carbon offsets
- Align with TCFD and SASB guidelines in the meantime
Paul Rady, Chairman and Chief
Executive Officer of Antero Resources 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, CFO and President of
Antero Resources 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.anteroresources.com/sustainability/founders-message.
Information on the Company's website does not constitute a portion
of, and is not incorporated by reference into, this press
release.
Antero Resources is an independent natural gas and natural
gas liquids company engaged in the acquisition, development and
production of unconventional properties located in the Appalachian
Basin in West Virginia and
Ohio. In conjunction with its
affiliate, Antero Midstream (NYSE: AM), Antero is one of the most
integrated natural gas producers in the U.S. The Company's
website is located at
www.anteroresources.com.
While Antero Resources
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 Resources'
control. All statements, except for statements of historical fact,
made in this release regarding activities, events or developments
Antero Resources expects, believes or anticipates will or may occur
in the future, such as those 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 Resources 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 Resources 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 Resources cautions you that these forward-looking
statements are subject to all of the risks and uncertainties,
incident to the exploration for and development, production,
gathering and sale of natural gas, NGLs and oil most of which are
difficult to predict and many of which are beyond the Antero
Resources' control. These risks include, but are not limited to,
commodity price volatility, inflation, lack of availability of
drilling and production equipment and services, environmental
risks, drilling and other operating risks, regulatory changes, the
uncertainty inherent in estimating natural gas and oil reserves and
in projecting future rates of production, cash flow and access to
capital, the timing of development expenditures, impacts of world
health event, including the COVID-19 pandemic, potential shut-ins
of production due to lack of downstream demand or storage capacity
and the other risks described under the heading " Risk Factors" in
Antero Resources' 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 Resources' SEC filings.
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SOURCE Antero Resources Corporation