Atlas Resource to Acquire Natural Gas Production for $733 Mln

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Atlas Resource Partners, L.P. ( ARP ) has entered into a definitive agreement to acquire approximately 466 Bcf of natural gas proved reserves in the Raton (New Mexico) and Black Warrior (Alabama) Basins from EP Energy E&P Company, L.P., a wholly owned subsidiary of EP Energy LLC, for $733 million.

As a result of the EP Energy acquisition, Atlas is providing full year 2014 distribution guidance of at least $2.60 per unit.

The transaction is expected to be immediately accretive to distributable cash flow. This represents approximately a 27% increase compared to the current annualized distribution of $2.04 ($0.51 per unit paid for first quarter 2013).



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.

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This article appears in: Investing , Commodities

Referenced Stocks: ARP

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