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  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 90 slides",
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  "authorName": "Tudor Pickering Holt",
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  "notes": "Includes confidential draft disclaimer and detailed footnotes regarding methodology and data sources.",
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      "text": "Note: TPH IB assumes 40% ethane recovery; Antero assumes ethane rejection. (1) Assumes 100% AM water & processing fees. (2) Antero Variable LOE is $1.99 / Mcfe... (3) BTU uplift... (4) Economics run at 5 year strip as of 3/29/2018.",
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      "text": "Source: DrillingInfo, IHS, Company data. Antero assumptions based on Antero publicly disclosed information.",
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