Associated Press Published

Antero Resources to Lay Off More than 250 Contract Brokers


Antero Resources plans to lay off more than 250 contract land brokers and focus on drilling.

Regional vice president Al Schopp tells The Exponent Telegram that the layoffs won’t affect Antero’s employees.

He says prices for natural gas liquids have been affected by a drop in crude oil prices. The price decline prompted Antero to reevaluate how much capital it commits to land acquisition.

Schopp says the company wants to focus its capital on drilling.