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Antero Resources
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July 2013 Company Overview
| Glen C. Warren Jr. | Page 6 of 11 |
November 21, 2024
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"July 2013 Company Overview"
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Strong Track Record of Growth ___________________________ 1. Proved reserves for 2006, 2007 and 2008 represent previously effective SEC methodology. 2009, 2010, 2011 and 2012 proved reserves based on current SEC reserve methodology and pricing and are audited by independent third-party engineers excluding Arkoma Basin reserves which were sold on June 29, 2012 and Piceance Basin reserves which were sold on December 21, 2012. 2. CAGR = Compound Annual Growth Rate. Average Net Daily Production Net Proved SEC Reserves (1) Antero Capital Allocation Operated Wells Spud Economic Crisis 6 31 87 105 133 244 87 235 680 1,141 3,231 5,017 $270 $647 $1,043 $204 $627 $930 85 96 126 18 66 91 Economic Crisis $1,690 119 5 334 4,929 $1,950 156 21 420