Antero Midstream GP LP, a partial owner of Antero Resources Corp.’s pipeline business, said on May 4 that it raised $875 million in an IPO.
Antero is the largest midstream IPO of the last two years, as oil price volatility and pushback against new pipeline projects have driven down listing activity.
Antero Resources is the second-largest natural gas producer, and the largest NGL producer, in the Appalachian region. It is also the eighth-largest natural gas producer in North America, based on fourth-quarter 2016 production volumes, according to the IPO prospectus.
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Source: Daily Dose of ShaleDirectories.com News