Antero Resources Announces $220 Million VPP Transaction

August 13, 2020

Willkie represented J.P. Morgan Ventures Energy Corporation in the transaction.

On August 10, Willkie client J.P. Morgan Ventures Energy Corporation agreed to purchase a volumetric production payment (VPP) from Antero Resources Corporation for a purchase price of approximately $220 million. The VPP features a seven-year term with an effective date of July 1, 2020 and ending on June 30, 2027.

The net production of hydrocarbons from the VPP is 60 MMcf/d for the second half of 2020, 75 MMcf/d in 2021 and then declines to 40 MMcf/d by the first half of 2027 prior to termination of the VPP.

Click here to read the press release.

The Willkie deal team was led by partner Michael De Voe Piazza and included partners Ryan Cicero, David Aaronson, Robert Jacobson and Ana Alfonso.