HomeMagazine2012April 2012, Vol. 239 No. 4Crestwood To Acquire Antero Resources Marcellus Gathering Assets

April 2012, Vol. 239 No. 4

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Crestwood To Acquire Antero Resources Marcellus Gathering Assets

Crestwood Midstream Partners LP, Crestwood Holdings Partners LLC and Antero Resources Appalachian Corporation announced execution of definitive agreements whereby CMLP and Crestwood Holdings, through a newly formed joint venture (“Crestwood Marcellus Midstream”), will acquire certain Antero’s Marcellus Shale gathering system assets located in Harrison and Doddridge counties, West Virginia for $375 million in cash plus an earn-out which would allow Antero to earn additional purchase price payments of up to $40 million based upon average annual production levels achieved during 2012 and 2013. Additionally, at closing, the parties have agreed to enter into a 20-

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