Antero Resources LLC revised its 2013 capital budget and provided a natural gas hedging update.

2013 Capital Budget

Antero's Board of Directors has approved an 18% increase in the company's 2013 capital budget to $1.95 billion, including $1.2 billion for drilling and completion, $250 million for leasehold acquisitions and $500 million for midstream infrastructure including the construction of a water pipeline system and gas gathering pipelines and facilities.

The $300 million capital budget increase is comprised of $150 million for midstream infrastructure, $100 million for additional leasehold and $50 million for drilling and completion. The capital budget excludes acquisitions. Antero's capital expenditures totaled $548 million in the first quarter of 2013.

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