Market Overview

Atlas Resource Partners Acquires Northern Oklahoma Assets from Equal Energy

Related ARP
Atlas Resource Partners, L.P. Increases Monthly Distribution To $0.1966 For June 2014
UPDATE: Atlas Resource Partners to Buy Low-Decline Oil Properties for ~$420M

Atlas Resource Partners (NYSE: ARP) has entered into and
simultaneously closed an agreement with Equal Energy
(NYSE: EQU) to acquire the following for approximately $40
million: the remaining 50% interest in Equal's approximately 8,500 net
undeveloped acres in the core of the oil & liquids rich Mississippi Lime
play in northwestern Oklahoma, approximately 8 Mmcfe/d of net production
in the Mississippi Lime region and substantial salt water disposal
infrastructure. This transaction increases Atlas' position in the
Mississippi Lime to approximately 19,800 net acres. The transaction is
subject to post-closing adjustments and Atlas will finance this
transaction with available borrowings under its revolving credit
facility.

See full press release

Posted-In: News Guidance M&A

 

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