Financial Instruments

12 Months Ended

Dec. 31, 2016

Financial Instruments

Financial Instruments

(10) Financial Instruments

The carrying values of accounts receivable and accounts payable at December 31, 2015 and 2016 approximated market value because of their short‑term nature.  The carrying values of the amounts outstanding under the Credit Facility and Midstream Facility at December 31, 2015 and 2016 approximated fair value because the variable interest rates are reflective of current market conditions.

Based on Level 2 market data inputs, the fair value of the Company’s senior notes was approximately $2.6 billion at December 31, 2015 and $3.5 billion at December 31, 2016.  Based on Level 2 market data inputs, the fair value of Antero Midstream’s senior notes was approximately $657 million at December 31, 2016.

See note 11 for information regarding the fair value of derivative financial instruments.