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  "documentTitle": "Tudor, Pickering, Holt &amp; Co | Investment Banking Pitch Book | 5 slides",
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  "authorName": "Tudor Pickering Holt",
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  "notes": "Includes detailed breakdown of PAL (Passive Activity Loss) utilization and tax impacts on distributions.",
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      "text": "CONFIDENTIAL DRAFT SUBJECT TO CHANGE",
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      "text": "Source: PWC, Company Management. (1) Based on average unitholder basis of $23.27 at YE 2017. (2) Represents holdings of Antero Resources and WaterARC.",
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