Deals - Acquisition, Mergers, Divestitures
Atlas Terminates JV with Equal Energy; Acquires Remaining Mississippi Lime Acreage
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Atlas Resource Partners, has entered into and simultaneously closed an agreement with Equal Energy, Ltd. 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.
Matthew A. Jones, President and Chief Operating Officer of ARP, stated, “This…
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