JOURNAL ARTICLE

Antero to Buy Gas Assets From Quantum's HG for $2.8 Billion.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Carnevali, David; Gould, Ryan; Casey, Simon 3 of 3

Abstract

The article focuses on Antero Resources Corp. and its pipeline affiliate's acquisition of natural gas production and pipeline assets from HG Energy II LLC for a total of $3.9 billion in cash. Antero Resources will pay $2.8 billion for upstream assets in the Marcellus shale in West Virginia and has also sold production assets in Ohio's Utica Shale for $800 million. Antero Midstream Corp. will acquire HG's pipeline assets for $1.1 billion. The deal comes as natural gas prices are rebounding, with U.S. futures recently reaching $5 for the first time in nearly three years, driven by increased demand forecasts. HG Energy II LLC, founded in 2011 and backed by Quantum Capital Group, operates in Ohio, Pennsylvania, and West Virginia. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/12, pN.PAG
  • Document Type:Article
  • Subject Area:Geography and Cartography
  • Publication Date:2025
  • Accession Number:189881719
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