Antero Resources Corp. (NYSE: AR) said Oct. 9 it will consolidate its midstream affiliate into a simplified corporate structure the Appalachia shale producer anticipates will fuel share buybacks.

Antero Midstream Partners LP (NYSE: AM) and its general partner, Antero Midstream GP LP (NYSE: AMGP), are set to combine through the acquisition of all outstanding AM units held by the public and Antero Resources in a stock and cash transaction.

As part of the agreement, the combined midstream entity will then convert into a corporation and upon closing of the transaction, expected first-quarter 2019, emerge under the new moniker of Antero Midstream Corp.

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