DENVER, October 5, 2021 / PRNewswire / – Antero Resources Corporation (NYSE: AR) (âAntero Resourcesâ or the âCompanyâ) today announced the release of its 2020 ESG Report with a focus on people, performance and purpose. The report details Antero Resources’ continued commitment to the communities in which it operates, safe operations, environmental excellence and strong governance. The full report is available at www.anteroressources.com.
Report Hhighlights :
- Social responsibility and safety
- Paid approximately $ 375 million in rent and royalty payments to West Virginia and Ohio landowners
- Property taxes and severance pay generated and paid $ 112 million in West Virginia and Ohio
- Invested $ 26 million on improving community roads
- The Antero Foundation has contributed more than $ 682,000 in direct community donations in 2020
- Exported around 60,000 Bbls / d of LPG (1) in 2020, of which about a third in developing countries
- Reduction of the total recordable incident rate (TRIR) by 35% from 2016 to 2020
- Reduction of the Total Lost Time Incident Rate (LTIR) by 68% from 2016 to 2020
- Environmental leadership
- Zero routine flaring as defined by the World Bank’s Zero Routine Flaring by 2030 initiative
- 0.0% flaring intensity
- Reduced GHG intensity (Scope 1 emissions) from 46% from 2016 to 2020 to 2.0 metric tonnes of CO2e by MBOE
- 88% of the members of the Board of Directors are independent and 43% of independent directors are women
- ESG performance measures integrated into executive compensation
- Creation of the ESG committee of the board of directors
- Launch of the ESG Advisory Board – an interdisciplinary group of in-house subject matter experts that assists the Board’s ESG Committee in managing ESG risks, opportunities and strategies
- Continued progress in alignment with TCFD and SASB disclosure frameworks and standards
2025 environmental objectives:
- 50% reduction in methane leak rate to less than 0.025%
- 10% reduction in GHG intensity to less than 2.0 metric tonnes of CO2e by MBOE
- Targeting Scope 1 net zero emissions
- Alignment with TCFD and SASB directives
Paul rady, Chairman of the Board, President and CEO of Antero Resources commented: âThis year’s ESG report highlights the foundations of Antero Resources’ success – the focus on people, performance and goal. Our relentless focus on these principles has enabled us to successfully navigate the ever-changing global economy, while continuing to deliver value to stakeholders. Our dedicated and talented employees have responded to the volatility in 2020 with a relentless determination to keep operations safe while recognizing that the work we do and the energy we provide are critical to building our communities and communities. global economies. As the largest producer and exporter of LPG, Antero Resources is uniquely positioned to have a direct impact on people living in fuel poverty. In 2020, about a third of our LPG exports went to developing countries, including countries of Nigeria, Peru and India, improving people’s health, security and livelihoods through the displacement of more expensive and carbon-intensive fossil fuels. “
Michael kennedy, Chief Financial Officer and Senior Vice President of Finance of Antero Resources said: âAntero’s exceptional ESG performance is a direct result of our unwavering commitment to maintain our leadership position as a responsible energy producer. Our performance, our corporate culture and our ESG 2025 objectives are proof of our commitment to taking care of our community, our employees and the environment. Antero’s ESG strategy enables our company and our stakeholders to support a future low-carbon transition by producing natural gas and natural gas liquids under the highest safety, environmental and governance standards. high.
(1) Liquefied petroleum gas, typically 75% propane and 25% butane.
The Company has posted the presentation of its ESG 2020 report on its website at www.anteroresources.com. The information on the Company’s website does not constitute a part 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. Together with its subsidiary, Antero Midstream (NYSE: AM), Antero is one of the most integrated natural gas producers in the United States. The Company’s website can be found at www.anteroressources.com.
While Antero Resources believes that all historical calculations presented in this press release and the ESG report have been made in accordance with current industry standards, the figures provided have not been audited by a third-party audit firm.
This press release includes “forward-looking statements”. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the control of Antero Resources. All statements, except statements of historical fact, made in this press release regarding activities, events or developments that Antero Resources expects, believes or anticipates will occur or may occur in the future, such as that those regarding our strategy, future operations and forecasts of future events, including our environmental objectives, 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 press release. These forward-looking statements are the belief of management, based on information currently available, as to the outcome and timing of future events. Although Antero Resources believes that the plans, intentions and expectations reflected or suggested by the forward-looking statements are reasonable, there can be no assurance that these plans, intentions or expectations will be realized. Therefore, actual results and results could differ materially from what is expressed, implied or expected in such statements. Except as required by law, Antero Resources expressly disclaims any obligation and does not intend to publicly update or revise any forward-looking statements.
In addition, many standards and measures used in the preparation of this press release and the ESG report continue to evolve and are based on management’s expectations and assumptions considered reasonable at the time of preparation, but should not be considered like guarantees. The standards and parameters used, as well as the expectations and assumptions on which they are based, have not been verified by any third party. In addition, while we seek to align this information with the recommendations of various third party frameworks, such as the Climate Related Financial Information Working Group (âTCFDâ), we cannot guarantee strict adherence to these recommendations. In addition, our disclosures based on these frameworks may change due to revisions to framework requirements, information availability, changes in our business or applicable government policy, or other factors, some of which may be beyond our control. our control.
Antero Resources warns you that these forward-looking statements are subject to all risks and uncertainties relating to the exploration and development, production, collection and sale of natural gas, NGLs and petroleum, most of which are difficult to predict and many of which are beyond 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 exploitation risks. , regulatory changes, uncertainty inherent in estimating natural gas and oil reserves and in projecting future production rates, cash flows and access to capital, timing of development spending, the impacts of global health events, including the COVID-19 pandemic, cybersecurity risks, and other risks described under âRisk Factorsâ in Antero Resources’ SEC filings.
This press release and the ESG report contain statements based on hypothetical or highly unfavorable scenarios and assumptions, and such statements should not necessarily be construed as representative of current or actual risk or forecasts of expected risk. These scenarios cannot take into account all possible risks and have been selected on the basis of what we believe to be a reasonable range of possible circumstances based on the information currently available to us and the reasonableness of the assumptions inherent in certain scenarios; however, our selection of scenarios may change over time as circumstances change. Although future events discussed in this press release or report may be material, their materiality should not be construed as necessarily increasing the level of materiality of certain information included in Antero Resources’ SEC documents.
SOURCE Antero Resources Corporation