Antero Resources Corporation to acquire the upstream assets of HG Energy for $2.8bn.

Antero Resources Corporation, an independent oil and natural gas company, agreed to acquire the upstream assets of HG Energy, a renewable energy company, for $2.8bn. "Today's acquisition expands our core acreage and enhances our position as the premier liquids developer in the Marcellus. Importantly, we have clear line of sight to financing the acquired assets with Antero's near-term Free Cash Flow generation, proceeds from the non-core Utica divestiture, and the 3-year hedged Free Cash Flow generated by the acquired assets. The acquired assets will also bolster our industry leading maintenance capital efficiency while providing us with further dry gas optionality for local demand from data centers and natural gas fired power plants," Michael Kennedy, Antero Resources President and CEO.