2014 NAPTP Annual Investor Conference May 21, 2014
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…
Sector Leading Growth ARP has executed on its growth strategy to drive substantial production and distribution increases Production(Mmcfe/d) Annualized Distributions per Unit 300 0.60 250 250 0.55 2.32 200 614% 45% 0.50 150 0.45…
ARP: Advantaged Business Model Expand and diversify production base through acquisition of mature, long-lived properties 2.0B(1) in acquisitions since March 2012 Diversified asset base offers operating scale and significant…
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 Drilled 34 wells to date…
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…
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…
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…
Reserve Comparison Standalone Net Proved Reserves (1) Acquired Net Reserves(2) PUD Undeveloped 32% 48% PD PDP 68% 52% 1,169 Bcfe 47 MMBoe Oil/Liquids Liquids 17% 8% Oil Gas 92% 83% 11 (1) Based on 12/31/13 SEC…
ARP: Pro Forma Asset Map ARP Standalone Asset Summary Rangely Field Asset Summary 1.2 Tcfe proved reserves (1) 47 MMBoe net oil and NGL 83% gas reserves (2) 68% developed 92% oil, 8% NGL 250Mmcfe/d net production 52% proved…
Raton / Black Warrior (EP Assets) Stable producing, shallow decline assets with low operating costs Assets include gathering systems Q1 2014 production of 108 MMcf/d Raton Black Warrior County Line WY CO NM Taos Colfax…
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 Q1 2014 Production Other 10%…
Cash Flow Stability Total Company Gross Margin Natural Gas Hedge Positions (1) 4.23 - 60.0 4.72 4.80 Unhedged Partnership 5.13 4.22 - 4.70 Production Fee Margin 5.12 17% 50.0 Margin 4.53 4.60 Average Swap Price (/mcf) 19%…
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…
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…
APPENDIX 18
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 &…
Marble Falls Overview 88,000 net acres primarily concentrated in Jack County, Texas Liquids rich production and drilling Marble Falls Position opportunities Drilled 106 wells to date with 96 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…
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