Atlas Resource Partners Completes $255-Mln Asset Acquisition From DTE Energy

By
A A A

Atlas Resource Partners LP ( ARP ) is unchanged in after-hours trading as the oil and gas company today completed its $255 million acquisition of DTE Gas Resources LLC from DTE Energy Company ( DTE ).

The acquired assets include about 35 million barrel of proved reserves in the Fort Worth basin in Texas, including 75,000 net acres prospective for the oil and liquids rich Marble Falls play. The transaction is ARP's fourth deal since launching in March 2012, increasing its proved reserves to around 900 billion cubic feet of natural gas assets.

DTE shares also are steady in late trade at $61.17 apiece amid a 52-week range of $20 - $31.97.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities

Referenced Stocks: ARP , DTE

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

86,904,687
  • $15.56 ▼ 1.46%
86,854,347
  • $7.62 ▼ 1.93%
85,075,754
  • $27.25 ▼ 0.11%
49,181,594
  • $124.75 ▼ 1.13%
48,007,815
  • $8.79 ▲ 1.27%
41,460,304
  • $58.42 ▼ 2.09%
41,296,100
  • $41.615 ▼ 1.29%
40,272,476
  • $106.01 ▼ 1.56%
As of 4/17/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com