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February 4, 2014
07:16 EDTARAntero Resources reports 7.6 Tcfe proved reserves at December 31
Antero Resources announced that proved reserves at December 31, 2013 were 7.6 Tcfe, a 78% increase compared to proved reserves at December 31, 2012, in each case assuming ethane rejection. Proved, probable and possible reserves at year-end 2013 totaled 35.0 Tcfe, which represents a 62% increase compared to last year, assuming ethane rejection. Antero's December 31, 2013 proved and 3P reserves exclude 271 and 1,399M barrels of ethane, respectively, which are not recovered in the SEC price case due to the relationship between assumed ethane and methane prices at year-end 2013.
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