{"id":473967,"date":"2021-04-08T17:55:33","date_gmt":"2021-04-08T21:55:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473967"},"modified":"2021-04-08T17:55:33","modified_gmt":"2021-04-08T21:55:33","slug":"antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren\/","title":{"rendered":"Antero Resources and Antero Midstream Announce Retirement of Co-Founder Glen Warren"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">DENVER<\/span>, <span class=\"xn-chron\">April 8, 2021<\/span> \/PRNewswire\/ &#8212; <b>Antero Resources Corporation <\/b>(NYSE: AR)<b>\u00a0<\/b>(&#8220;Antero Resources&#8221;)<b> and Antero Midstream Corporation<\/b>\u00a0(NYSE: AM) (&#8220;Antero Midstream&#8221;) today announced that <span class=\"xn-person\">Glen Warren<\/span> will retire as President and Chief Financial Officer of Antero Resources and President of Antero Midstream, effective <span class=\"xn-chron\">April 30<\/span>, 2021.\u00a0 Mr. Warren will also step down from the board of both companies as of the same date. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/156646\/antero_resources_corporation.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/156646\/antero_resources_corporation.jpg\" title=\"Antero Resources logo. (PRNewsFoto\/Antero Resources Corporation)\" alt=\"Antero Resources logo. (PRNewsFoto\/Antero Resources Corporation)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;Glen has been a visionary leader in the energy industry over the last several decades,&#8221; said <span class=\"xn-person\">Paul Rady<\/span>, Co-Founder, Chairman and CEO of Antero Resources and Antero Midstream. &#8220;For more than 20 years, Glen and I have been partners across a number of successful plays and organizations. We were some of the first successful players in unconventional resources, initially in coal bed methane in the Powder River Basin, then in the Barnett Shale where we were early adopters of horizontal drilling and multi-stage completions. Since first entering Appalachia in 2008, Glen has been instrumental in growing Antero Resources into the second largest NGL producer and the third largest natural gas producer in <span class=\"xn-location\">the United States<\/span> today.\u00a0 Under Glen&#8217;s co-leadership, Antero Resources has reset its balance sheet and cost structure, is generating significant free cash flow and expects to reduce leverage below 2.0x in 2021.\u00a0 In addition, Antero Midstream is now one of the only midstream companies in the industry with the optimum combination of c-corp governance, a self-funding business model after dividends, long-term growth and a declining leverage profile with already one of the strongest balance sheets in the midstream industry. Despite the challenges facing the energy industry over the last several years, Glen has helped reposition both Antero Resources and Antero Midstream to succeed for many years to come.\u00a0 His impact can be seen on our people, assets, balance sheets and performance.\u00a0 I wish Glen all the best in the next chapter of his life.&#8221;<\/p>\n<p>Antero Resources entered the Appalachia Basin in 2008 and drilled its first wells in 2009.\u00a0 In 2013, Antero Resources completed the largest initial public offering of an independent exploration and production company, raising <span class=\"xn-money\">$1.8 billion<\/span> in proceeds.\u00a0 Antero Resources now holds 515,000 net acres in the core of the Appalachian Basin, and in 2020 produced over 3.5 Bcfe\/d, including almost 200,000 Bbl\/d of liquids. <\/p>\n<p>Antero Midstream was formed by Antero Resources in 2012 to own, operate and develop midstream energy infrastructure to service Antero Resources&#8217; increasing production.\u00a0 In 2014, Antero Midstream completed what was then the lowest-yielding and largest initial public offering of a master limited partnership, raising <span class=\"xn-money\">$1.2 billion<\/span> in proceeds. Today, Antero Midstream has the most comprehensive liquids midstream system in Appalachia and an enterprise value of over <span class=\"xn-money\">$7.0 billion<\/span>.<\/p>\n<p>Commenting on the successes of the Antero family, Mr. Warren stated &#8220;It has been one of the greatest honors of my career to partner with <span class=\"xn-person\">Paul Rady<\/span> and to help lead the growth of the Antero entities from the ground floor.\u00a0 I have so many great memories over the years, from the multitude of relationships built to the countless milestones achieved. \u00a0I want to thank all our employees and board members past and present, our private equity partners, bankers and investors for your belief in Paul and me and our vision to build a great set of sustainable companies.\u00a0 Importantly, I want to thank my wife and family for unwavering support over the many years.\u00a0 Going forward, the Antero entities are very well positioned with the lowest debt levels since being public and one of the strongest, most integrated teams in the industry with the continued outstanding leadership of Paul. \u00a0I plan to be a long-term shareholder of both Antero Resources and Antero Midstream, and wish the Antero family tremendous success.&#8221; \u00a0<\/p>\n<p>Mr. Warren is looking forward to spending more time with his family, as well as spending more time on philanthropy, farming, fishing and tennis. \u00a0<\/p>\n<p>\n        <i>Antero Resources is an independent oil and natural gas company engaged in the exploration, development and production of natural gas, NGLs, and oil properties located in the Appalachian Basin.\u00a0 Antero Midstream is a <span class=\"xn-location\">Delaware<\/span> corporation that owns, operates and develops midstream gathering, compression, processing and fractionation assets located in the Appalachian Basin, as well as integrated water assets that primarily service Antero Resources properties. For more information, contact <span class=\"xn-person\">Michael Kennedy<\/span>, Chief Financial Officer of Antero Midstream and SVP<\/i>\u2013<i>Finance of Antero Resources and Antero Midstream, at (303) 357-6782 or <a target=\"_blank\" href=\"mailto:mkennedy@anteroresources.com\" rel=\"nofollow noopener noreferrer\">mkennedy@anteroresources.com<\/a>.<\/i><\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA37195&amp;sd=2021-04-08\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren-301265499.html\">http:\/\/www.prnewswire.com\/news-releases\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren-301265499.html<\/a><\/p>\n<p>SOURCE  Antero Resources Corporation<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA37195&amp;Transmission_Id=202104081752PR_NEWS_USPR_____LA37195&amp;DateId=20210408\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire DENVER, April 8, 2021 \/PRNewswire\/ &#8212; Antero Resources Corporation (NYSE: AR)\u00a0(&#8220;Antero Resources&#8221;) and Antero Midstream Corporation\u00a0(NYSE: AM) (&#8220;Antero Midstream&#8221;) today announced that Glen Warren will retire as President and Chief Financial Officer of Antero Resources and President of Antero Midstream, effective April 30, 2021.\u00a0 Mr. Warren will also step down from the board of both companies as of the same date. &#8220;Glen has been a visionary leader in the energy industry over the last several decades,&#8221; said Paul Rady, Co-Founder, Chairman and CEO of Antero Resources and Antero Midstream. &#8220;For more than 20 years, Glen and I have been partners across a number of successful plays and organizations. We were some of the first successful players in unconventional &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Antero Resources and Antero Midstream Announce Retirement of Co-Founder Glen Warren&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-473967","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Antero Resources and Antero Midstream Announce Retirement of Co-Founder Glen Warren - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Antero Resources and Antero Midstream Announce Retirement of Co-Founder Glen Warren - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DENVER, April 8, 2021 \/PRNewswire\/ &#8212; Antero Resources Corporation (NYSE: AR)\u00a0(&#8220;Antero Resources&#8221;) and Antero Midstream Corporation\u00a0(NYSE: AM) (&#8220;Antero Midstream&#8221;) today announced that Glen Warren will retire as President and Chief Financial Officer of Antero Resources and President of Antero Midstream, effective April 30, 2021.\u00a0 Mr. Warren will also step down from the board of both companies as of the same date. &#8220;Glen has been a visionary leader in the energy industry over the last several decades,&#8221; said Paul Rady, Co-Founder, Chairman and CEO of Antero Resources and Antero Midstream. &#8220;For more than 20 years, Glen and I have been partners across a number of successful plays and organizations. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren\/","og_locale":"en_US","og_type":"article","og_title":"Antero Resources and Antero Midstream Announce Retirement of Co-Founder Glen Warren - Market Newsdesk","og_description":"PR Newswire DENVER, April 8, 2021 \/PRNewswire\/ &#8212; Antero Resources Corporation (NYSE: AR)\u00a0(&#8220;Antero Resources&#8221;) and Antero Midstream Corporation\u00a0(NYSE: AM) (&#8220;Antero Midstream&#8221;) today announced that Glen Warren will retire as President and Chief Financial Officer of Antero Resources and President of Antero Midstream, effective April 30, 2021.\u00a0 Mr. Warren will also step down from the board of both companies as of the same date. &#8220;Glen has been a visionary leader in the energy industry over the last several decades,&#8221; said Paul Rady, Co-Founder, Chairman and CEO of Antero Resources and Antero Midstream. &#8220;For more than 20 years, Glen and I have been partners across a number of successful plays and organizations. We were some of the first successful players in unconventional &hellip; Continue reading \"Antero Resources and Antero Midstream Announce Retirement of Co-Founder Glen Warren\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-08T21:55:33+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/156646\/antero_resources_corporation.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Antero Resources and Antero Midstream Announce Retirement of Co-Founder Glen Warren","datePublished":"2021-04-08T21:55:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren\/"},"wordCount":740,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/156646\/antero_resources_corporation.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/antero-resources-and-antero-midstream-announce-retirement-of-co-founder-glen-warren\/","name":"Antero Resources and Antero Midstream Announce Retirement of Co-Founder Glen Warren - 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