Antero Midstream announces $300-million share buyback plan
Tuesday, August 27, 2019
Attempting to boost shareholder value, Antero Midstream Corporation has announced a $300-million share buyback program, according to Nasdaq.
The company doesn’t expect the program to have any effect on its financial leverage profile. This move is expected to further increase the flexibility of its capital return program.
Antero Midstream plans to run the program through June 30, 2021.
Learn more: Nasdaq > Antero Midstream approves $300-Million Share Repurchase Plan
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Marcellus & Utica Shale Well Map
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.