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Atlas Energy Group, LLC (ATLS)

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Last Post: 9/24/2018 11:50:29 AM - Followers: 18 - Board type: Free - Posts Today: 1

Atlas Energy Group, L.L.C. is a master limited partnership which, subsequent to the spin-off of Atlas Energy, L.P.'s non-midstream assets, will own the following interests: all of the general partner interest, incentive distribution rights and an approximate 28% limited partner interest in its upstream oil & gas subsidiary, Atlas Resource Partners, L.P.; the general partner interests, incentive distribution rights and limited partner interests in its private E&P development subsidiary; and a general partner interest in Lightfoot Capital Partners, an entity that invests directly in energy-related businesses and assets.


All of the incentive distribution rights, an 80.0% general partner interest and a 2.1% limited partner interest in Atlas Growth Partners, L.P. (“AGP”), a Delaware limited partnership and an independent developer and producer of natural gas, crude oil and NGLs with operations primarily focused in the Eagle Ford Shale in South Texas;



A 12.0% limited partner interest in Lightfoot Capital Partners, L.P. (“Lightfoot L.P.”) and a 15.9% general partner interest in Lightfoot Capital Partners GP, LLC (“Lightfoot G.P.” and together with Lightfoot L.P., “Lightfoot”), the general partner of Lightfoot L.P., an entity for which Jonathan Cohen, Executive Chairman of the Company’s board of directors, is the Chairman of the board of directors. Lightfoot focuses its investments primarily on incubating new MLPs and providing capital to existing MLPs in need of additional equity or structured debt. See Note 2 for further disclosures regarding Lightfoot;

A 2% preferred membership interest in Titan Energy, LLC (“Titan”), an independent developer and producer of natural gas, crude oil and NGL with operations in basins across the United States. Titan Energy Management, LLC, our wholly owned subsidiary (“Titan Management”), holds the Series A Preferred Share of Titan, which entitles us to receive 2% of the aggregate of distributions paid to shareholders (as if we held 2% of Titan’s members’ equity, subject to potential dilution in the event of future equity interests) and to appoint four of seven directors.

In connection with the closing of the first portion of Lightfoot’s Proposed Transaction in December 2017, we acquired a 1.8% ownership interest in Zenith Energy Terminals Joliet Holdings, LLC (“Joliet Terminal”) for $3.3 million

At March 31, 2018, we have a membership interest in Osprey Sponsor, which is the sponsor of Osprey. We received our membership interest in recognition of potential utilization, if any, of our office space, advisory services and personnel by Osprey. On July 26, 2017, Osprey, for which certain of our executives, namely Jonathan Cohen, Edward Cohen and Daniel Herz, serve as CEO, Executive Chairman and President, respectively, consummated its initial public offering. Osprey was formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business transaction, one or more operating businesses or assets. The initial public offering, including the overallotment exercised by the underwriters, generated net proceeds of $275 million through the issuance of 27.5 million units, which were contributed to a trust account and are intended to be applied generally toward consummating a business combination. Our membership interest in Osprey Sponsor is an allocation of 1,250,000 founder shares, consisting of 1,250,000 shares of Class B common stock of Osprey that are automatically convertible into Class A common stock of Osprey upon the consummation of a business combination on a one-for-one basis. Additionally, another 125,000 founder shares have been allocated to our employees other than Messrs. Cohen, Cohen and Herz.

In connection with the Second Lien Credit Agreement, on April 27, 2016, we issued to the Lenders, warrants (the “Warrants”) to purchase up to 4,668,044 common units representing limited partner interests at an exercise price of $0.20 per unit. The Warrants expire on March 30, 2026 and are subject to customary anti-dilution provisions. On April 27, 2016, we entered into a registration rights agreement pursuant to which we agreed to register the offer and resale of our common units underlying the Warrants as well as any common units issued as in-kind interest payments under the Second Lien Credit


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ATLS News: Quarterly Report (10-q) 08/17/2018 12:46:24 PM
ATLS News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/15/2018 04:08:40 PM
ATLS News: Current Report Filing (8-k) 07/16/2018 05:13:46 PM
ATLS News: Statement of Changes in Beneficial Ownership (4) 06/18/2018 05:06:54 PM
ATLS News: Quarterly Report (10-q) 06/11/2018 06:48:23 AM
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#815  Sticky Note RECENT DEVELOPMENTS DENN 06/28/18 02:42:32 PM
#1063   Any day now Joker402 09/24/18 11:50:28 AM
#1060   Joker this unit only goes down! Your predictions lexus400001 09/20/18 11:13:20 PM
#1059   50% upside for these units Joker402 09/17/18 03:44:03 PM
#1058   Timber! .01 here we come.. lexus400001 09/14/18 11:36:29 AM
#1057   They can’t until the loan is paid off MusashiG 09/07/18 10:34:44 PM
#1056   Amazing how these guys can sleep at night.. lexus400001 09/04/18 10:59:50 PM
#1055   Scum bags. lexus400001 09/04/18 10:59:18 PM
#1054   Complete greed. lexus400001 09/04/18 10:56:14 PM
#1053   All this money there making and they don't lexus400001 09/04/18 10:55:54 PM
#1052   [[[ here a update to AGP unit holders DENN 09/04/18 08:03:26 PM
#1051   Who is going to buy when there is lexus400001 08/31/18 09:33:43 PM
#1050   They will keep this unit down tell hell lexus400001 08/31/18 09:23:00 PM
#1049   I've never seen market maker manipulation non stop lexus400001 08/31/18 09:21:24 PM
#1048   Lol yep MusashiG 08/30/18 01:38:15 AM
#1047   my my looks like your really getting worried DENN 08/29/18 10:34:19 PM
#1046   You can never fix or restructure greed lexus400001 08/29/18 10:25:33 PM
#1045   Complete thievery right in front of your face lexus400001 08/29/18 10:19:17 PM
#1044   sounds like there going to restructure TTEN. TTEN DENN 08/29/18 10:18:11 PM
#1043   These guys pay themselves more money yearly than lexus400001 08/29/18 10:16:08 PM
#1042   How many companies have these guys destroyed and lexus400001 08/29/18 10:11:33 PM
#1041   Sounds like a complete cluster f@#% the staff lexus400001 08/29/18 10:09:46 PM
#1040 MusashiG 08/29/18 09:34:50 PM
#1039   Get out before Sept 30th read this Liquidity, lexus400001 08/28/18 11:09:58 AM
#1038   Denn what do you get? Bag of worthless penny's. lexus400001 08/28/18 10:14:23 AM
#1037   Cohens 750,000 shares at 10.00 now flmn is lexus400001 08/28/18 10:13:15 AM
#1036   They will suck the life out of Flmn lexus400001 08/28/18 09:46:58 AM
#1035   Cohens are criminals! They detroy and steal from lexus400001 08/28/18 09:43:33 AM
#1034   Denn? What does that have to do with lexus400001 08/28/18 09:38:21 AM
#1033 DENN 08/27/18 08:20:14 PM
#1032 DENN 08/27/18 07:26:31 PM
#1029   Dead unit, stock does not go up in lexus400001 08/27/18 11:51:07 AM
#1028   why would you want to sell if the DENN 08/24/18 09:58:31 PM
#1027   Not selling till next year at least, being Joker402 08/24/18 12:44:32 PM
#1026   This post didn’t age well MusashiG 08/23/18 12:14:30 PM
#1024   Just holding on for the ride! Joker402 08/22/18 06:54:37 PM
#1023   Timber to .03 tomorrow. Glta lexus400001 08/22/18 05:43:29 PM
#1022   If you cannot handle the truth you should lexus400001 08/22/18 05:41:25 PM
#1020   Dude you should sell and stop w your Mildhighinvesting 08/22/18 04:24:45 PM
#1019   Next stop .03 then .01 glta lexus400001 08/22/18 01:32:10 PM
#1017   nice solid buys today DENN 08/21/18 07:28:48 PM
#1016   there benefiting because the new well they drilled DENN 08/21/18 02:58:07 PM
#1015   40% increase in revenue, Atlas is benefiting from Joker402 08/21/18 12:57:50 PM
#1014   could be. one thing for sure it looks DENN 08/21/18 12:57:28 AM
#1013   Look at that company and all of there MusashiG 08/21/18 12:02:19 AM
#1012   Osprey MusashiG 08/20/18 11:59:50 PM
#1011   did you find something on atlas. DENN 08/20/18 11:59:09 PM
#1010   DENN check out integrated core strategies they seem MusashiG 08/20/18 11:14:55 PM
#1009   I wouldn’t even wast your breath just a MusashiG 08/20/18 08:36:30 PM
#1008   oh and what about this post of yours DENN 08/20/18 06:32:16 PM
#1007   look at this post DENN 08/20/18 06:29:53 PM