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Tuesday, 04/15/2014 7:19:58 AM

Tuesday, April 15, 2014 7:19:58 AM

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By 2016, the above firm transportation portfolio provides Antero the ability to direct 49% of its production to the Gulf Coast, 28% to Appalachia and 23% to Midwest pricing, including Chicago and Detroit. Antero's all-in average firm transportation and firm sales cost per MMbtu assuming full utilization, including both demand and commodity charges, is $0.31, $0.32 and $0.42 for 2014, 2015 and 2016, respectively. The firm transportation portfolio, based on current futures pricing and differentials, would result in an approximate $0.15 per MMbtu basis differential improvement in its 2016 realized prices compared to 2014 realized prices.
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