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Atlas Energy Group, LLC (ATLS)

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Last Post: 1/12/2019 9:12:55 AM - Followers: 29 - Board type: Free - Posts Today: 0

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: Current Report Filing (8-k) 12/28/2018 04:07:39 PM
ATLS News: Termination of Registration of a Class of Security Under Section 12(b) (15-12b) 12/11/2018 06:10:17 AM
ATLS News: Amended Statement of Beneficial Ownership (sc 13d/a) 11/29/2018 02:58:13 PM
ATLS News: Statement of Changes in Beneficial Ownership (4) 11/27/2018 05:13:21 PM
ATLS News: Quarterly Report (10-q) 11/19/2018 05:39:09 PM
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#1498   27 million would be .83 cent unit. lexus400001 01/12/19 09:12:54 AM
#1497   If we even go to 70.00 barrel that lexus400001 01/12/19 09:12:05 AM
#1496   On way to 80.00-100 barrel. lexus400001 01/12/19 09:10:29 AM
#1495   Oil currently is 52.39 barrel lexus400001 01/12/19 09:09:52 AM
#1494   2018 hedge of 52.00 ended Dec 31st. lexus400001 01/12/19 09:08:26 AM
#1493   Criminally undervalued unit lexus400001 01/12/19 09:02:21 AM
#1492   Mega ASSETS lexus400001 01/12/19 09:01:28 AM
#1491   Revenue to double again in 2019 lexus400001 01/12/19 09:00:40 AM
#1490   Atlas doubled revenue in 2018 lexus400001 01/12/19 08:59:16 AM
#1489   Recent news .24 cent profit lexus400001 01/12/19 08:58:02 AM
#1488   Oil is officially back in a bull market lexus400001 01/12/19 08:57:33 AM
#1487   Intuition told me to wait Triple nickle 01/10/19 11:23:51 AM
#1486   Sometimes i think this unit is cursed. lexus400001 01/10/19 11:00:22 AM
#1485   What did you ad 100 units? Dead day! lexus400001 01/10/19 10:59:46 AM
#1484   Adding at open Triple nickle 01/10/19 08:37:00 AM
#1481   Glta lexus400001 01/09/19 10:38:55 AM
#1480   There is only $$$ to be made in lexus400001 01/09/19 10:35:03 AM
#1479   Oil is going to 75.00-100.00 barrel before 2020 lexus400001 01/09/19 10:33:05 AM
#1478   Atlas Energy profits will double in 2019. lexus400001 01/09/19 10:31:39 AM
#1477   Currently oil is 51.00 barrel. lexus400001 01/09/19 10:30:51 AM
#1476   2018 52.00 oil hedge ended Dec 31st lexus400001 01/09/19 10:30:20 AM
#1475   Slap the Ask! lexus400001 01/09/19 10:28:55 AM
#1474   Recent Form 10-Q Net income 8.25M lexus400001 01/09/19 01:20:10 AM
#1473   "Recent News" Net profit margin 260.00% lexus400001 01/09/19 01:16:28 AM
#1472   Atls only needs 32 million market cap to lexus400001 01/08/19 07:12:32 PM
#1471   Tplm needs 80 million market cap to get lexus400001 01/08/19 07:11:23 PM
#1470   Which one is better Atlas or Tplm Joker402 01/08/19 02:41:03 PM
#1469   Rising oil/gas prices. lexus400001 01/08/19 07:14:17 AM
#1468   Falling debt. lexus400001 01/08/19 07:13:37 AM
#1467   Increasing revenue. lexus400001 01/08/19 07:13:01 AM
#1466   Recent news .24 cent profit. lexus400001 01/08/19 07:12:19 AM
#1465   32 million market cap = 1.00 per unit. lexus400001 01/07/19 04:53:16 PM
#1464   Atlas Energy is criminally undervalued. lexus400001 01/07/19 04:50:13 PM
#1463   No brainer. lexus400001 01/07/19 04:48:47 PM
#1462   Falling "DEBT" lexus400001 01/07/19 04:48:23 PM
#1461   Rising revenue! lexus400001 01/07/19 04:47:53 PM
#1460   Float 28 million. lexus400001 01/07/19 04:47:25 PM
#1459   O/S 32 million. lexus400001 01/07/19 04:47:07 PM
#1458   ATLS: Nice buys eod... Sibware 01/07/19 04:29:46 PM
#1457   Your previous statement claiming that is false! bearspread 01/07/19 12:34:23 PM
#1456   Oil is going to $80-100 barrel. bearspread 01/07/19 12:33:00 PM
#1455   Bearspread where does the 10Qstate bearspread 01/07/19 12:08:21 PM
#1454   Glta lexus400001 01/07/19 11:14:45 AM
#1452   Will never let Atlas fail. lexus400001 01/07/19 11:11:48 AM
#1451   Riverstone credit partners lexus400001 01/07/19 11:11:25 AM
#1450   They are rising to $100 barrel sooner than later. lexus400001 01/07/19 11:09:21 AM
#1449   As long as oil prices rise! lexus400001 01/07/19 11:08:39 AM
#1448   Look at "Tesla" billions in debt. lexus400001 01/07/19 11:08:02 AM
#1447   Liquidity is growing concern for 3/4 of the lexus400001 01/07/19 11:07:14 AM
#1446   Bankruptcy is extremely likely for ATLS. They are 1manband 01/06/19 11:47:42 PM
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