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  "documentTitle": "Antero Midstream Partners | Mergers and Acquisitions Presentation Deck | 69 slides",
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  "authorName": "Antero Resources",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-03-01 00:00:00",
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  "pageNumber": 35,
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  "density": "balanced",
  "nDataPoints": 17,
  "notes": "The chart includes horizontal reference lines for Antero's projected GP take from 2018E to 2021E and current levels.",
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  "slideHref": "/slides/019de50e-fa10-707e-be33-b05bae95ee1b/35",
  "deckHref": "/decks/019de50e-fa10-707e-be33-b05bae95ee1b",
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      "text": "IDR life cycle comparison vs. precedents – GP take as percentage of total distributions at time of transaction",
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      "kind": "source-note",
      "text": "Source: Management projections, company filings, equity research. 1 ANDX GP take of 29% at transaction includes $60mm annual concessions in 2017E and 2018E (excluding concessions results in 34% GP take). 2 Broker estimates pre-announcement of DPU cut",
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      "kind": "title",
      "text": "Precedent Simplifications – GP Take",
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      "evidence": "The document evaluates the strategic rationale for the acquisition",
      "position": 1,
      "objective": "Why is an AMGP acquisition of AM a compelling option?",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
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