Atlas Pipeline Partners, L.P. (APL): Atlas Resource Partners (ARP) reached re...

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Timothy Smith

Re: BlindSquirrelFindsNuts post# 77

Thursday, 08/09/2012 10:18:25 PM

Thursday, August 09, 2012 10:18:25 PM

Atlas Resource Partners (ARP) reached record average net production of 62.5 Mmcfe/d for the second quarter 2012, a 57% increase from the sequential quarter and a 71% increase from the prior year quarter

Following the second quarter 2012, pro forma average net daily production reached a peak rate of approximately 102 Mmcfe/d, due to the closing of the Titan transaction in the Barnett Shale

ARP’s recent acquisitions in the Barnett Shale added approximately 527 Bcfe of net proved reserves, and increased total net proved reserves to over 700 Bcfe

ARP’s borrowing base increased on its revolving credit facility to $310 million in conjunction with the Titan acquisition

"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink

Don't believe anything I say. Do your own DD. Insert huge disclaimer here ____________.