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

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.

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

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