Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

November 2012


Atlas Resource Partners, L.P.
Follow-On Offering
$174.9 Million


Baird served as a senior co-manager in this offering


Atlas Resource Partners, L.P. (NYSE: ARP) (“ARP” or the “Partnership”) recently completed a follow-on offering of 7,600,000 common units at a price of $23.01 per unit, generating gross proceeds of approximately $174.9 million. The Partnership intends to use the net proceeds from this offering to fund a portion of the $255 million purchase price of its pending acquisition of the Fort Worth Basin oil and natural gas properties from DTE Gas Resources, LLC, a wholly-owned subsidiary of DTE Energy Company (NYSE: DTE). The properties to be acquired include an estimated 35 MMBoe (210 Bcfe) of proved reserves, 31% of which are proved developed and 24% of which are oil.

ARP is an exploration and production master limited partnership which owns an interest in over 9,900 producing natural gas and oil wells, primarily in Appalachia and the Barnett Shale in Texas. ARP is also the largest sponsor of natural gas and oil investment partnerships in the U.S.

For additional information about this transaction, please contact:
Managing Director, Co-Head of Energy Group
(314) 445-6540
Managing Director, Co-Head of Energy Group
(314) 445-6532
Vice President
(314) 445-6533
Managing Director
(414) 765-3611

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