One-Page Deal Sheet
Reliance, Atlas Energy Enter $1.7B Marcellus Shale JV
Reliance Industries Limited Atlas Energy, L.P
Announced Date
April 09,2010
Effective Date
April 21,2010
Close Date
April 21,2010
Transaction Type
JV
Enterprise Value (EV)($MM)
1700
Asset/Basin:
{"Marcellus Shale","Appalachian Basin"}
TargetZones:
{"Marcellus Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Pennsylvania
County
Washington ,Fayette ,Greene ,Westmoreland
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Atlas Energy entered into a joint venture transaction with a wholly owned affiliate of Reliance Industries Limited, pursuant to which Atlas will transfer an interest in its Marcellus Shale position equal to 120,000 net acres in a transaction valued at $1.7 billion. Reliance will pay approximately $340 million in cash upon closing and an additional $1.36 billion in the form of a drilling carry. Atlas will serve as the development operator for the joint venture. Reliance will have the option to operate in certain project areas in the coming years outside of Atlas’ core operating areas of…
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