Atlas enters Eagle Ford with S340MM Atascosa deal

摘要

Atlas Resource Partners LP (NYSE: ARP) made its debut in the Eagle Ford Shale, acquiring 4,000 operated gross acres valued at $340 million. Atlas entered an agreement to acquire oil assets in the Eagle Ford in South Texas from an undisclosed seller for $225 million. In connection with the acquisition, the owner of Atlas' general partner—Atlas Energy LP (NYSE: ATLS)—will purchase Eagle Ford assets for roughly $115 million. The purchase consists of eight wells that have been drilled but not completed and 53 undeveloped drilling locations.