Investor Presentation IPAA OGIS East New York, NY April, 16, 2013
ARP Investment Highlights (circa IPAA 2012) Multiple Opportunities to Grow Cash Flow Accretive Acquisitions Organic Expansion Development through Investment Partnership Business Low Risk Profile Long-live reserve base Strong…
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: 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…
ARP Profile Atlas Resource Partners (NYSE: ARP) Market Capitalization 1.2 billion (48.7 MM units outstanding)(1) 350 million ( 75 million Revolver outstanding on 370 million Debt Outstanding borrowing base) Enterprise Value 1.55…
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: 130 Mmcfe/d Reserve Life Index: 19 years Ohio Pennsylvania/W. VA Producing Wells: Over 10,200 Utica Shale Marcellus…
2012 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…
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 prospective for the Marble Falls region 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…
Utica Shale Update Legacy Ohio operations: 2,500 producing shallow wells Long lived reserves with low decline (10 MMcf/d of net production as of Stark Q4 2012) County Office 4,000 net acres prospective for the Tuscarawas Utica…
Marcellus Shale Update 3,000 net Marcellus acres in Lycoming County Completed construction of three pad sites that will each accommodate multiple wells Recently finished drilling & completion of 8 horizontal wells, including 131…
FINANCIAL OVERVIEW 15
Capital Structure ARPs capital structure is well-positioned to take advantage of future opportunities, while maintaining proper liquidity Capitalization (1) December 31, 2012 ARP successfully 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…
Strong Hedge Positions Natural Gas (1) 35.0 Disciplined and comprehensive Puts 30.0 4.25 - hedge strategy enhances the 4.43 - 5.16 Collars 5.48 Volume Hedged (Bcf) 25.0 Swaps stability of ARPs future cash flow 20.0 4.26…