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Atlas Energy Resources LLC

Atlas Energy Resources LLC

  Atlas Energy Resources, LLC
#2500 Petro-Canada East Tower 111 - 5th Ave SW
Calgary, AB Canada
T2P 3Y6
Phone: 405-380-0065

Atlas Energy is a limited liability company focused on the development and production of natural gas principally in the Appalachian Basin and northern Michigan. Our indirect subsidiary, Atlas Resources, LLC, sponsors and manages natural gas drilling partnerships, in which we co-invest, to finance the exploration and development of our acreage in the Appalachian Basin. We are active principally in Pennsylvania, Michigan and Tennessee.

Atlas Energy was formed in 2006 to own and operate substantially all of the natural gas and oil assets and the investment partnership management business of Atlas America, Inc., which has been in the energy industry since 1968. Atlas America expanded its operations in 1998 when it acquired The Atlas Group, Inc. and in 1999 when it acquired Viking Resources Corporation, both involved in the development and production of natural gas and oil and the sponsorship of investment partnerships. In May, 2007, Atlas Energy announced the acquisition of DTE Gas & Oil Company (DGO), a wholly owned subsidiary of DTE Energy Company.

At Atlas Energy, we believe we have established a strong track record of growing our reserves, production and cash flows through a balanced mix of natural gas and oil exploration, development and Atlas Resources' sponsorship of investment partnerships. Our drilling operations are located in the Appalachian Basin and in northern Michigan's Antrim Shale.

Based in Pittsburgh and Traverse City, we have an in-house team of professional geologists, petroleum engineers, and skilled production and pipeline professionals who have been responsible for drilling and completing all the wells in our natural gas drilling partnerships. We operate more than 6,600 oil and gas wells in Pennsylvania, Ohio, Tennessee and New York, which are all situated within the Appalachian Basin. We also have a strong operating team for properties outside of the Appalachian Basin, most notably in northern Michigan's Antrim Shale.

Our executive management team has substantial experience in the energy industry, with our financial and operational executives averaging more than two decades of experience in natural gas and oil. In addition, our management has a successful track record of managing public energy companies, growing proved reserves and production through drilling and strategic acquisitions and integrating acquired properties. Our management team is supported by technical and operating managers with an individual average of more than 24 years of expertise in the basins in which we operate.

James C. (Pep) Lough, Vice President Finance and CFO

Latest Atlas News

Buccaneer Resources names Huff CFO

Buccaneer Resources LLC, a wholly owned subsidiary of Australian-listed Buccaneer Energy Ltd., has appointed Ron Huff as CFO.

M&A deals decline globally except in US and Canada

Unconventional resource assets drove deal-making activity in the first quarter of 2012 with North America accounting for 78% of all transactions. For all of 2011, 48% of all upstream M&A spending was in the US and Canada.

Weekly Update: INPEX to partner with Shell on world’s first floating LNG project

The major deal of the week was INPEX’s purchase of a 17.5% interest in the Prelude FLNG project offshore Australia from Royal Dutch Shell.

Is there a correction in the cards for unconventional shale plays?

Today's oil and gas business is like poker, with amazing similarities: In both of these games there are big risks and big rewards.

Experts forecast 'strong period' for energy deal-making activity

Many analysts, advisors, and M&A market participants see 2011 as a strong period for energy industry deal-making activity. OGFJ's Don Stowers explains.

Revenues increase by 5%, Net income dips 4% in 4Q

Revenue nudged upwards by 5% in the fourth quarter of 2010 compared with the prior quarter and was up 12% over the fourth quarter of 2009 for the group of companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal. Net income for this same group of companies fell by 4% compared to the prior quarter, but increased by 32% over the same quarter in 2009.

Atlas Pipeline Partners LP completes tender offer and redemption of senior notes

Philadelphia-based Atlas Pipeline Partners LP has announced the expiration and final results of the previously announced cash tender offer to purchase any and all of its 8-3/4% senior notes due 2018 at par.

Four key trends emerge from 2010 oil, gas deals

Oil and gas deals in the E&P sector reached $73 billion in the 4th quarter of 2010 with deals for the year totaling $238 billion, compared with $151 billion in 2009. According to Evaluate Energy, there were at least four key trends that emerged from the pattern of oil and gas deals in 2010.

OGJ 150

Revenue, net income show small increases in 4Q2012

May 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final...

Helix completes sale of oil and gas business

Feb 6, 2013 Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas s...

Revenue, net income drop sharply in 3Q12

Feb 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their d...

WPX Energy makes natural gas discovery in Niobrara formation

Jan 23, 2013 Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado ...

Helix to divest oil and gas subsidiary to grow well intervention business

Dec 13, 2012 International offshore energy company Helix Energy Solutions Group Inc. has agreed to sell its oil and gas subsidiary to privately-held upstream oi...

OGFJ 100P

FourPoint raises $1B in capital, partners with EnerVest in Anadarko Basin

Jan 31, 2014 FourPoint Energy LLC has acquired certain producing and undeveloped oil and gas properties and related midstream assets in the Western Anadarko Bas...

OGFJ100P company update

Jul 11, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

Maverick Brothers Energy gets $35M in equity capital from Post Oak Energy

Apr 8, 2013 Post Oak Energy Capital LP, through investment partnerships it manages, has commitment of $35 million in equity capital to privately held explorati...

Midstates Petroleum to acquire Anadarko Basin assets from Panther Energy

Apr 4, 2013

OGFJ100P company update

Jan 1, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

Oil & Gas Companies

Shell reports Malaysia deepwater gas discovery

Shell has announced an exploration discovery offshore Malaysia. The successful Rosmari-1 well is located 135 kilometers offshore in Block SK318, and was drilled to a total depth of 2,123 meters.

Cunningham Energy plans ‘Dragon’s Breath’ horizontal well program

Cunningham Energy LLC is planning three additional new shallow horizontal oil wells to be drilled in Clay County, West Virginia, from the “Dragon’s Breath” pad, with specified measured depths ranging from 4,750 feet to 5,200 feet.

L&L Energy to voluntarily delist from NASDAQ

L&L Energy Inc., a US-based company with energy (coal) operations in China, has notified NASDAQ Stock Market LLC of its intention to voluntarily delist its common stock (LLEN) from the NASDAQ.

Weatherford to move headquarters to Ireland

Weatherford International Ltd. has made plans to move its corporate headquarters from Switzerland to Ireland, after the Swiss government handed investors authority to rein in top-level executive pay.

Cantex Energy announces new president, headquarters

Cantex Energy Corp. reports that its board of directors has hired Paul Henley as CEO and president. Additionally, the company’s corporate headquarters will be moved to Dallas, Texas.

Weatherford to cut back Venezuela operations

This year, Weatherford International Ltd. plans to reduce its operations in Venezuela, while expanding its operations in Russia, according to Reuters.

Oil Basins receives grant for Derby Block

The Western Australian Department of Mines and Petroleum has confirmed to Oil Basins Ltd. that the grant of the Derby Block (formerly 5/07-EP), as Permit EP 487, has been made for a period of six years.