Antero Resources Is Said to Near Multibillion Deal for HG Energy

Antero Resources Corp. is in advanced talks to acquire privately-held shale gas producer HG Energy, in a move that will expand the company’s natural gas reserves at a time when prices have been rebounding, according to people familiar with the matter.

A deal could be announced as early as Monday, the people said, asking not to be identified because the matter is private.

The deal to buy HG Energy, which is owned by Quantum Energy Partners, is in the mutibillion dollar range, the people said, but its exact value couldn’t immediately be learned.

The company had explored a ...