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Energy M&A image Energy M&A » By The Online Investor Staff, updated Wed., Aug. 5, 3:47 PM Recent mergers and acquisitions in the Energy M&A category.

Slide #62. Atlas Resource Partners, L.P. 70 Bcfe of natural gas proved reserves in West Virginia and Virginia from GeoMet, Inc.

Acquirer: Atlas Resource Partners, L.P. (ARP)
Acquiree: 70 Bcfe of natural gas proved reserves in West Virginia and Virginia from GeoMet, Inc. (GMET)
Details: Atlas Resource Partners, L.P. (NYSE:ARP) announced today that it has entered into a definitive agreement to acquire approximately 70 Bcfe of natural gas proved reserves in West Virginia and Virginia from GeoMet, Inc. (OTCQB:GMET) and certain of its subsidiaries (collectively, "GeoMet") for $107 million, with an effective date of January 1, 2014. The acquisition is expected to be immediately accretive to ARP's distributable cash flow per unit. The purchase price is subject to customary adjustments to implement the effective date. The transaction is subject to, among other items, approval from GeoMet's stockholders.

Atlas Resource Partners is an an independent developer and producer of natural gas, crude oil and natural gas liquids, with operations in basins across the U.S. Co. is a sponsor and manager of investment partnerships (Drilling Partnerships), in which Co. co-invests, to finance a portion of its natural gas, crude oil and natural gas liquids production activities. As of Dec 31 2015, Co.'s estimated proved reserves were 921.00 billion cubic feet equivalent, including the reserves net to Co.'s equity interest in its Drilling Partnerships. Of Co.'s estimated proved reserves, approximately 82% were proved developed and approximately 66% were natural gas.

Preferreds: ARP.PRE, ARP.PRD



Open the ARP Page at The Online Investor »

Atlas Resource Partners is an an independent developer and producer of natural gas, crude oil and natural gas liquids, with operations in basins across the U.S. Co. is a sponsor and manager of investment partnerships (Drilling Partnerships), in which Co. co-invests, to finance a portion of its natural gas, crude oil and natural gas liquids production activities. As of Dec 31 2015, Co.'s estimated proved reserves were 921.00 billion cubic feet equivalent, including the reserves net to Co.'s equity interest in its Drilling Partnerships. Of Co.'s estimated proved reserves, approximately 82% were proved developed and approximately 66% were natural gas.

Preferreds: ARP.PRE, ARP.PRD



Open the GMET Page at The Online Investor »

Company Name: 
Atlas Resource Partners LP
Website: 
www.atlasresourcepartners.com
Sector: 
Oil & Gas Exploration & Production
Company Name: 
GeoMet Inc (DE)
Website: 
www.geometinc.com
Sector: 
Oil & Gas Exploration & Production
 

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