One-Page Deal Sheet
Marcellus JV Partners Atlas and Reliance Acquired 42,344 Acres Pennsylvania
Atlas Energy, L.P, Reliance Industries Limited Not Disclosed
Announced Date
April 21,2010
Close Date
April 21,2010
Transaction Type
Property
Enterprise Value (EV)($MM)
192
Asset/Basin:
{"Appalachian Basin","Marcellus Shale"}
TargetZones:
{"Marcellus Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Pennsylvania
County
Westmoreland ,Fayette ,Indiana ,Armstrong ,Clarion
Play
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Subscribe to see
Atlas Energy Inc. and joint-venture partner Reliance Industries Ltd. have expanded their footprint in the Marcellus shale of Pennsylvania with the acquisition of an additional 42,344 acres for approximately $192 million.
The two companies completed their Marcellus shale joint venture on the same day.
The additional acreage is in Fayette, Washington, Indiana, Westmoreland, Armstrong and Clarion counties and was acquired for an average purchase price of $4,532 per acre. It is within the area of mutual interest established in the joint-venture agreement. Reliance has agreed to exercise its right…
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