ARP Profile A uniquely advantaged upstream MLP business model Atlas Energy, L.P. (NYSE:ATLS) Public Unitholders 28% LP Interest & 100% GP Interest 72% LP Interest NYSE: ARP Net Daily Production: 286 Mmcfe/d (gross Market…
Atlas / Targa Transaction Overview Consistent with its long history, on October 13th Atlas Energy announced a series of transactions designed to create and maximize stakeholder value Atlas Energy, L.P. (NYSE: ATLS; ATLS or the…
Sector Leading Growth ARP has executed on its growth strategy to drive substantial production and distribution increases Production(Mmcfe/d) Quarterly Distributions (/unit) 350 0.65 300 0.60 286 250 717% 0.55 48% 0.59 200 0.50…
ARP: Advantaged Business Model Expand and diversify production base through acquisition of mature, long-lived properties 2.2B in acquisitions since March 2012 Diversified asset base offers operating scale and significant opportunity…
ARP: Demonstration of Structural Advantages Growth through Acquisition Focus on low-decline, mature Drilling Operations production Diverse asset position in multiple Drilling focus on high margin basins liquids rich areas and…
Mississippi Lime Overview 20,000 net acres in the core of the Mississippi Lime play in northwestern OK Alfalfa, Grant and Garfield counties; oil & liquids rich portion of the play; HBP by Hunton production ARP Position Drilled 46…
ARP Acquisition History Purchase Date Seller Price Strategic Benefits Proven success in consummating, Established nat gas position March 2012 187MM in Barnett assimilating, and integrating accretive Expanded Barnett position;…
ARP Producing Assets & Drilling Activity ARP Asset Summary 1.7 Tcfe proved reserves (1) 65% gas 65% developed 286 MMcfe/d net production Powder 82% gas River Basin…
Eagle Ford Asset Overview Located in the oil window of the Eagle Ford Shale in Atascosa Co., TX 12 MMBoe of oil-rich reserves, 86% Oil 100% WI / 74% NRI 100% operated Expected 2015 net daily production of 1,900 Boe/d from 22…
Rangely Summary An Ideal Asset 25% WI, 23% NRI Chevron Corporation operates the assets and owns a 68% working interest Approximately 380 producing wells and 270 Rangely Field injector wells 1P: 47 Mmboe Shallow base decline of…
Raton / Black Warrior (EP Assets) Stable producing, shallow decline assets with low operating costs Assets include gathering systems Q3 2014 production of 107.9 MMcf/d Raton Black Warrior County Line WY CO NM Taos…
Geographic Diversification ARP has robust geographic coverage operations in 17 states Scale of operations creates opportunities for add-on acquisitions and organic expansion Q1 2012 Production Pro Forma Q3 2014 Production Other…
Cash Flow Stability Total Company Gross Margin Natural Gas Hedge Positions (1) 4.23 - Unhedged Partnership 60.0 5.13 4.70 4.62 Production Fee Margin 4.60 50.0 4.53 Margin 17% Average Swap Price (/mcf) 19% 4.50 Volume…
Fee-Based Partnership Business Model Value to Atlas Resource Partners Value to Drilling Partners Upfront fees from fundraising; 15% over Substantial 1st year tax deduction (90- costs paid by partners 100% of investment) against…
Marble Falls Overview 88,000 net acres primarily concentrated in Jack County, Texas Liquids rich production and drilling Marble Falls Position opportunities Drilled 151 wells to date with 143 turned in line Barnett Identified…
Utica & Marcellus Shale Positions Pennsylvania ARPs Utica acreage Lycoming County positions Lundy Rhodes Oil & Wet Gas Wet Dry Gas Gas Utica Shale Marcellus Shale Legacy Ohio operations include over 2,500 3,000 net…