Related Party Transactions
|12 Months Ended|
Dec. 31, 2017
|Related Party Transactions|
|Related Party Transactions||
(7) Related Party Transactions
Certain of AMGP’s shareholders, including members of its executive management group, own a significant interest in AMGP and, either through their representatives or directly, serve as members of the Board of Directors of Antero Resources and the Boards of Directors of the general partners of Antero Midstream and AMGP. These same groups or individuals own common stock in Antero Resources and limited partner interests in Antero Midstream. AMGP’s executive management group also manages the operations and business affairs of Antero Resources and Antero Midstream.
(a) Accounts receivable – related party
Accounts receivable at December 31, 2016 and 2017 includes general and administrative expenses of $0.2 million and $0, respectively, paid by AMGP on behalf of Antero Investment prior to its liquidation. During the year ended December, 2017, a $0.4 million receivable was settled as part of the Antero Investment liquidation distribution.
(b) Accrued liabilities and accounts payable
Accrued liabilities and accounts payable at December 31, 2016 and 2017 includes zero and $0.1 million, respectively, payable to Antero Resources for general and administrative expenses.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef