Antero Resources Corporation is a publicly traded, independent exploration and production (E&P) company engaged in the exploitation, development, and acquisition of natural gas, NGLs and oil properties located in the Appalachia Basin. Headquartered in Denver, Colorado, we are focused on creating value through the development of our large portfolio of repeatable, low cost, liquids-rich drilling opportunities in two of the premier North American shale plays. We focus on unconventional reservoirs, which can generally be characterized as fractured shale formations. We hold over 364,000 net acres in the southwestern core of the Marcellus Shale and over 115,000 net acres in the core of the Utica Shale. We have drilled and operated 590 wells from inception through December 31, 2013, with a success rate of approximately 98%. We have a 24-year drilling inventory and have approximately 4,800 potential horizontal well locations on our existing leasehold acreage, both proven and unproven. We believe we have secured sufficient long-term firm takeaway capacity on major pipelines that are in existence or currently under construction in each of our core operating areas to accommodate our current development plans. We operate in the following industry segments: (i) the exploration, development and production of natural gas, NGLs, and oil and (ii) midstream operations consisting of gathering, compression and fresh water distribution. All of our operations are conducted in the United States.