Latham & Watkins Advises Financing Sources in Connection With Antero Resources’ and Antero Midstream’s Strategic Marcellus Acquisition

Antero Resources Corporation (NYSE: AR) (Antero Resources) has announced it has entered into a definitive agreement to acquire the upstream assets of HG Energy II, LLC (HG Energy) for total consideration of US$2.8 billion in cash plus the assumption of HG Energy's commodity hedge book, subject to customary closing adjustments.

Separately, Antero Midstream (NYSE:AM) announced that it has entered into a definitive agreement to acquire the midstream assets from HG Energy for total consideration of US$1.1 billion in cash, subject to customary closing adjustments.

Latham & Watkins LLP advised the financing sources in connection with each of the transactions, with a multidisciplinary team led by Austin partners David Miller and Sam Rettew, and Houston partner Pamela Kellet, with associates David Albano, Paul Robe, and Cooper Shear.