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Stock Market & Financial Investment News

News Breaks
January 24, 2013
16:22 EDTATLSAtlas Energy increases distribution 11% to 30c per unit
The Q4 distribution is payable February 19 to holders of record as of February 6.
News For ATLS From The Last 14 Days
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June 11, 2013
07:38 EDTATLSEnerCom to host a conference
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June 10, 2013
07:23 EDTATLSAtlas Energy sees 2014 distribution $2.50-$2.80 following acquisition
Atlas Energy (ATLS) announced that its E&P subsidiary, Atlas Resource Partners (ARP), has entered into a definitive agreement to acquire approximately 466 Bcf of natural gas proved reserves in the Raton and Black Warrior Basins from EP Energy E&P Company, a wholly owned subsidiary of EP Energy, for $733M. In addition, ATLS will acquire approximately 45 Bcf of natural gas proved reserves in the Arkoma Basin from EP Energy for approximately $67M. The transaction, which is expected to close in the third quarter 2013 and is subject to purchase price adjustments, will have an effective date of May 1. As a result of the transaction, ATLS is now providing full year 2014 distribution guidance of $2.50-$2.80 per unit, representing approximately a 115% increase compared to the most recent annualized distribution of $1.24.
07:19 EDTATLSAtlas Resource Partners to acquire nat gas reserves from EP Energy for $733M
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