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CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P.

Atlas Resource Partners, L.P. · Aug 20, 2014 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 1
    CITI 2014 MLP Conference August 20-21, 2014
  2. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 2
    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: 285 Mmcfe/d (gross Market…
  3. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 3
    Sector Leading Growth ARP has executed on its growth strategy to drive substantial production and distribution increases Production(Mmcfe/d) Quarterly Distributions (/unit) 300 0.65 250 0.60 261 200 0.55 48% 646% 0.59 150 0.50…
  4. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 4
    ARP: Advantaged Business Model Expand and diversify production base through acquisition of mature, long-lived properties 2.0B in acquisitions since March 2012 Diversified asset base offers operating scale and significant opportunity…
  5. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 5
    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…
  6. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 6
    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 39…
  7. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 7
    Acquisition History Date Seller Purchase Strategic Benefits Proven success in Price consummating, Established nat gas assimilating and March 2012 187MM position in Barnett integrating accretive Expanded Barnett acquisitions May…
  8. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 8
    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…
  9. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 9
    Benefits of the Rangely Acquisition Predictable cash flow stream from high margin production Long-lived, low-decline production further stabilizes overall production decline Oil/NGL production adds strong cash flow and…
  10. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 10
    ARP Producing Assets & Drilling Activity ARP Asset Summary 1.5 Tcfe proved reserves (1) 68% gas 66% developed 261 Mmcfe/d net production 87% gas Current ARP Drilling Activity Marble Falls: 2 rigs Mississippi Lime: 3 rigs…
  11. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 11
    Raton / Black Warrior (EP Assets) Stable producing, shallow decline assets with low operating costs Assets include gathering systems Q2 2014 production of 108.2 MMcf/d Raton Black Warrior County Line WY CO NM Taos…
  12. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 12
    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 Q2 2014 Production Other…
  13. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 13
    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…
  14. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 14
    Partnership Management Advantages Over 40 years of raising Strong History partnership funds Programs are sold in all 50 Breadth of Market Access states; over 50,000 active investors Atlas internal resources handle all regulatory…
  15. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 15
    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…
  16. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 16
    Recent Operational Highlights Mississippi Lime Continued improving productivity and lower costs; recently connected wells have exceeded expected production rates Marble Falls 100 wells drilled to date; strong contribution of oil &…
  17. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 17
    Marble Falls Overview 88,000 net acres primarily concentrated in Jack County, Texas Liquids rich production and drilling Marble Falls Position opportunities Drilled 127 wells to date with 120 turned in line Barnett Identified…
  18. CITI 2014 MLP CONFERENCE – Atlas Resource Partners, L.P. – slide 18
    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…

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