Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

June 2012


Antero Resources
Sale of Arkoma Basin Assets to Vanguard Natural Resources, LLC
$445.0 Million


Baird served as a financial advisor to Antero Resources


Antero Resources (“Antero”) recently announced the completion of the sale of all of its exploration and production assets in the Arkoma Basin along with associated commodity hedges to Vanguard Natural Resources, LLC (“Vanguard”) (NYSE: VNR) for $445 million in cash.

Antero is an independent oil and natural gas company based in Denver, Colorado. Antero is engaged in the exploration, development and production of unconventional natural gas properties located in the Appalachian Basin in West Virginia and Pennsylvania and the Piceance Basin in Colorado.

Vanguard is a publicly traded limited liability company focused on the acquisition, production and development of oil and natural gas properties, primarily in the Permian Basin, South Texas, Mississippi, Big Horn Basin in Wyoming and Montana, the Williston Basin in North Dakota and Montana and the Arkoma Basin in Arkansas and Oklahoma.

For additional information about this transaction, please contact:
Managing Director, Co-Head of Energy
(314) 445-6532
Managing Director, Co-Head of Energy
(314) 445-6540
Director
(314) 445-6536

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