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Commitments
9 Months Ended
Sep. 30, 2017
Commitments  
Commitments

(13)Commitments

 

The table below is a schedule of future minimum payments for firm transportation, drilling rig and completion services, processing, gathering and compression, and office and equipment agreements, as well as leases that have remaining lease terms in excess of one year as of September 30, 2017 (in millions).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Firm
transportation

  

Processing,
gathering and
compression

  

Drilling rigs and completion
services

  

Office and equipment

  

 

 

 

 

(a)

 

(b)

 

(c)

 

(d)

 

Total

 

Remainder of 2017

 

$

135

 

 

109

 

 

28

 

 

 4

 

 

276

 

2018

 

 

886

 

 

401

 

 

80

 

 

13

 

 

1,380

 

2019

 

 

1,107

 

 

340

 

 

41

 

 

11

 

 

1,499

 

2020

 

 

1,127

 

 

337

 

 

 —

 

 

 9

 

 

1,473

 

2021

 

 

1,106

 

 

321

 

 

 —

 

 

 8

 

 

1,435

 

2022

 

 

1,053

 

 

317

 

 

 —

 

 

 8

 

 

1,378

 

Thereafter

 

 

9,635

 

 

1,502

 

 

 —

 

 

17

 

 

11,154

 

Total

 

$

15,049

 

 

3,327

 

 

149

 

 

70

 

 

18,595

 

 

(a) Firm Transportation

 

The Company has entered into firm transportation agreements with various pipelines in order to facilitate the delivery of its production to market.  These contracts commit the Company to transport minimum daily natural gas or NGLs volumes at negotiated rates, or pay for any deficiencies at specified reservation fee rates.  The amounts in this table are based on the Company’s minimum daily volumes at the reservation fee rate.  The values in the table represent the gross amounts that the Company is committed to pay; however, the Company will record in the consolidated financial statements its proportionate share of costs based on its working interest.

 

(b) Processing, Gathering, and Compression Service Commitments

 

The Company has entered into various long‑term gas processing agreements for certain of its production that will allow it to realize the value of its NGLs.  The minimum payment obligations under the agreements are presented in the table.

 

The Company has various gathering and compression service agreements with third parties that provide for payments based on volumes gathered or compressed.  The minimum payment obligations under these agreements are presented in the table.

 

The values in the table represent the gross amounts that the Company is committed to pay; however, the Company will record in the consolidated financial statements its proportionate share of costs based on its working interest.  The values in the table also include minimum processing fees to be paid to the Joint Venture owned by Antero Midstream and MarkWest, and Antero Midstream’s commitments for the construction of its advanced wastewater treatment complex.  The table does not include intracompany commitments.  Future capital contributions to unconsolidated affiliates are excluded from the table as neither the amounts nor the timing of the obligations can be determined in advance.

 

(c) Drilling Rig Service Commitments

 

The Company has obligations under agreements with service providers to procure drilling rigs and completion services.  The values in the table represent the gross amounts that the Company is committed to pay; however, the Company will record in the consolidated financial statements its proportionate share of costs based on its working interest.

 

(d) Office and Equipment Leases

 

The Company leases various office space and equipment under capital and operating lease arrangements.