Atlas Completes Acquisition of Barnett Shale & Marble Falls Assets

Source: www.gulfoilandgas.com 12/20/2012, Location: North America

Atlas Resource Partners, L.P. (ARP or the Company) announces that it has completed its acquisition of DTE Gas Resources, LLC, an affiliate of DTE Energy Company, for approximately $255 million. The acquired assets include approximately 35 MMboe of proved reserves and substantial resource potential in the Fort Worth basin in Texas, including approximately 75,000 net acres prospective for the oil and liquids rich Marble Falls play. The transaction represents ARPís fourth acquisition since ARPís creation in March 2012, for a total of approximately $700 million, bringing the Companyís net pro forma proved reserves to approximately 900 Bcfe. Citigroup acted as financial advisor, and Jones Day (Houston) and Ledgewood (Philadelphia) acted as legal advisors on the transaction.


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Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


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