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JPMorgan Chase & Co.

Company Summary

Website

http://www.jpmorganchase.com/

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Company Transactions

Date: 9/30/2020
Type: Acquisition

BUYERS:
  • JPMorgan Chase & Co.
    • SELLERS:
  • Antero Resources Corporation
    • DETAILS:

    COST: 220 $MM

    VOLUMES: 75 Mmcf/d

    NOTES:
    Antero Resources has signed a volumetric production payment (VPP) deal with J.P. Morgan for $220 million in cash. The VPP includes dry gas producing assets in West Virginia with an effective date of July 1, 2020 and a seven-year term ending June 30, 2027. In the second half of 2020, it covers 60 Mmcf/d, then 75 Mmcf/d in 2021 and declining to 40 Mmcf/d by the first half of 2027 before termination.
    REGIONS:
  • Appalachia
  • Marcellus Shale
  • Utica