IPAA OGIS New York Daniel C. Herz, Chief Executive Officer April 20, 2015
ARP Profile Long-lived oil & gas production and fee income providing investors a stable cash flow stream Stable cash flow from diverse asset base and fee- ARP Key Statistics based income through partnership business Market Cap: 875…
Producing Regions Operating Statistics Net Acreage: 1,472,000 Net Developed: 696,000 Net Undeveloped: 776,000 Producing Wells: 14,000 Powder Pittsburgh ARP Operations: 12 states River Basin Office Addtl ARP Non-Op:…
Reserve Summary ARPs proved reserves have low decline rates and operating costs Year End 2014 Reserve Summary (1) Gas (Bcf) Oil (MMbbl) NGL (MMbbl) Total (Bcfe) % of Reserves PV-10 (MM) Proved Developed 763.0 17.7 9.7 927.9 64.9%…
Barnett Shale & Appalachia Basin Barnett Shale Appalachia Basin Denton Co. Tarrant Co. Majority of the assets located in the core portion of the 38 mmcfe/d of net production in Q4 2014 (includes Utica Barnett Shale…
Raton / Black Warrior/ County Line (CBM Assets) Stable producing, shallow decline assets with low operating costs Assets include gathering systems Q4 2014 production of 105.6 MMcf/d Raton (New Mexico) Black Warrior (Alabama) County…
Rangely Summary 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 3-4% over the past…
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 Approximately 4,000 net acres 9
Other Inventory of Properties Mississippi Lime 20,000 net acres in the core of the Mississippi Lime play in northwestern OK ARP Position 100+ drilling locations Established gas gathering, water gathering and electrical…
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 for…
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…
Cash Flow Stability Total Company Gross Margin Natural Gas Hedge Positions (1) Unhedged Partnership 4.23 - 4.40 Production Fee Margin 60.0 5.12 Swaps Margin 17% Collars 4.35 Average Swap Price (/mcf) 19% 50.0 4.28 4.30…
Capitalization Summary ARP Pro Forma Year End 2014 Capitalization December 31, 2014 Cash & Cash Equivalents 15.3 Credit Facility Borrowings (1) 525.0 Second Lien Financing 250.0 Senior Unsecured Notes 698.1 Market Capitalization…
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