ARP: A Different Approach Long-lived reserves in desirable basins with high IRRs Strong Foundation of Multiple potential drilling locations largely held by production E&P Assets Highly-skilled senior management team with extensive US…
Strong Record of Accretive Growth ARPs acquisition and operating activities have created substantial value, while maintaining financial discipline March 2012 Current Increase in proved 170 Bcfe 911 Bcfe 425% reserves Increase…
ARP Profile Atlas Resource Partners (NYSE: ARP) Market Capitalization 1.15 billion (47.8 MM units outstanding)(1) 420 million (145 million Revolver outstanding on 370 million Debt Outstanding borrowing base + 275MM senior notes)…
Organizational Structure Atlas Resource Partners (NYSE: ARP) Atlas Energy, L.P. (NYSE:ATLS) Public Unitholders 43% LP Interest & 100% GP Interest 57% LP Interest Gas & Oil Production Partnership Management Operate in high return…
ARP Producing Assets & Drilling Activity Total Proved Reserves: 911 Bcfe Percent Developed: 50% Daily Production: 133 Mmcfe/d Reserve Life Index: 19 years Ohio Pennsylvania/W. VA Producing Wells: Over 10,200 Utica Shale Marcellus…
ARP Transactions Carrizo and Titan reserves acquired at average cost below 0.75/mcfe; DTE reserves acquired at 7/Boe Acquired production was 90% hedged for initial 12 months, 80% for following 24 months and 40% in outer years 2012…
Marcellus Shale Update 3,000 net Marcellus acres in Lycoming County Recently completed 8 horizontal wells, including 131 frac stages (scheduled for production in early Q3 2013) Average initial flow rates of 20 MMcf/d per well Up…
Utica Shale Position Legacy Ohio operations: Trumbull County Site 2,500 producing shallow wells Columbiana Co. Long lived reserves with low decline site Stark County Site ARP controls 5,500 net acres prospective for the Utica…
Barnett Shale Update Majority of the assets located in the Core portion of the Barnett Shale 60 Mmcfe/d of current production 560 Bcfe of proved reserves(1) 93% gas, 7% NGLs & Oil(1) Substantially all acreage is held by production…
Marble Falls Update Acquired in December 2012 from DTE Energy 88,000 net acres in Jack, Clay, Denton, Wise, Erath, Parker, Hood and Palo Pinto Counties in Texas 75,000 net acres, primarily concentrated in Jack County Close…
Mississippi Lime Update 20,000 net acres in the core of the Mississippi Lime play in northwestern OK Acreage is located in Alfalfa, Grant and Garfield counties; oil & liquids rich portion of the play ARP Position Position is held…
FINANCIAL OVERVIEW 14
Capital Structure ARPs capital structure is well-positioned to take advantage of future opportunities, while maintaining proper liquidity Capitalization ARP successfully March 31, 2013 completed an initial 275 Cash & Cash…
Diversified Revenue & Production Streams To complement an advantaged dry gas position, ARP has diversified its asset base to include more NGLs & Oil revenue, as well as production from multiple basins March 2012 Revenues 2013 Estimated…
Partnership Management: Strong History of Growth Over 1.5B in 40 year history funds raised in of fundraising the past 6 years Partnership Management Business Over 50,000 Broker dealers individual selling programs in…
Syndication Business Model Value to Drilling Partners Value to Atlas Resource Partners Substantial 1st year tax deduction Upfront fees from fundraising; 15% over costs paid by partners against ordinary income (100% of investment…
Strong Hedge Positions Natural Gas (1) 35.0 Disciplined and comprehensive 4.22 - Puts 30.0 5.12 hedge strategy enhances the Collars stability of ARPs future cash flow 25.0 Swaps Volume Hedged (Bcf) 4.40 - 4.23 - 5.44 5.13…
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