Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as a senior co-manager in this offering

About

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:

Curtis Goot (314) 445-6540
Frank Murphy (314) 445-6532
Kjell Lundal (314) 445-6533
Gary Placek (414) 765-3611
Energy
Follow-On Offering
Date
November 2012
Company
Atlas Resource Partners, L.P.
Transaction
M&A
Sectors
Energy
Target Location
North America

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