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Atlas Has Sluggish 2Q; Talks Recent Arkoma Acquisition
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Atlas Resource Partners, L.P. reported operating and financial results for the second quarter 2015.
Highlights: Adjusted EBITDA was $64.7 million for the second quarter 2015 and Distributable Cash Flow was$25.4 million for the second quarter 2015 Natural gas and oil production in the second quarter 2015 were hedged approximately 73% and 100%, respectively; ARP's market value of its hedge portfolio is currently $327 million Production costs have decreased approximately $25 million on an annualized basis when compared to fourth quarter 2014 as a result of the Company's operational cost reduction efforts Full year 2015 G&A expense is expected to decrease approximately 20% on a year over year basisDaniel C. Herz, Chief Executive Officer - ARP, stated, "Our executive team has successfully…
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