One-Page Deal Sheet
Atlas Energy Makes Antrim Shale Purchases
Atlas Energy, L.P Not Disclosed
Announced Date
September 04,2007
Close Date
September 04,2007
Transaction Type
Property
Enterprise Value (EV)($MM)
11
Transaction Details: Subscribe to see
Atlas Energy Resources, LLC announced today that the Company has purchased an additional 5.2 Bcfe of proved natural gas reserves for $10.7 million in the Central Lake and Forest Home Antrim Shale projects in which it already operates in northern Michigan. The assets consist of direct working interests in 53 wells in Antrim County and are expected to generate approximately $2.2 million of EBITDA in 2008. Atlas Energy will now have a 100% working interest in these projects. The acquisition is immediately accretive to distributable cash flow per common unit.
"This purchase provides our Company…
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