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Atlas Energy Group, LLC (ATLS)

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Last Post: 5/25/2019 7:40:03 AM - Followers: 22 - 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: Termination of Registration of a Class of Security Under Section 13 and 15(d) (15-15d) 01/29/2019 05:11:23 PM
ATLS News: Post-effective Amendment to an S-8 Filing (s-8 Pos) 01/29/2019 05:09:40 PM
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
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#1739   How about oil at 200 barrel? lexus400001 05/25/19 07:40:03 AM
#1738   Unit is broken even at 100 a barrel Joker402 05/23/19 02:55:04 PM
#1736   101 people buy!! Unit goes up in price. lexus400001 05/07/19 11:04:49 PM
#1735   Buy the fear, sell the greed! lexus400001 05/07/19 11:02:26 PM
#1734   There is no manipulation here. The stock is 1manband 05/05/19 09:23:43 PM
#1733   ATLAS ENERGY is being manipulated to the fullest degree lexus400001 04/29/19 02:35:47 PM
#1732   Current revenue = 10 million market cap lexus400001 04/29/19 02:34:49 PM
#1731   Criminally undervalued. lexus400001 04/29/19 02:03:05 PM
#1730   ATLAS Increased revenue paying down debt. lexus400001 04/29/19 02:02:47 PM
#1729   Buy the Fear sell the Greed lexus400001 04/29/19 02:01:24 PM
#1728   Glta lexus400001 04/26/19 06:50:40 AM
#1727   Munipilation munipilation munipilation lexus400001 04/26/19 06:50:32 AM
#1726   Ponzi scheme that never ends! lexus400001 04/26/19 06:49:59 AM
#1725   Wall street MARKET makers stock market is lexus400001 04/26/19 06:48:28 AM
#1724   No rhyme or reason lexus400001 04/26/19 06:46:47 AM
#1723   Munipilation at it's Finest! lexus400001 04/26/19 06:45:59 AM
#1722   MARKET makers won't let it run! lexus400001 04/26/19 06:45:12 AM
#1721   Is this even run? I need 2000% HoanTuong 04/25/19 05:10:25 PM
#1720   Increased revenue & paying down debt. lexus400001 04/18/19 10:27:28 AM
#1719   You must have never read the last quarterly lexus400001 04/18/19 10:26:47 AM
#1718   ATLS is OVERvalued. The company is almost certainly 1manband 04/17/19 09:33:24 PM
#1717   Criminally undervalued lexus400001 04/17/19 09:31:08 PM
#1716   $2.00 unit minimum. lexus400001 04/17/19 09:30:55 PM
#1715   Take it to the moon. lexus400001 04/17/19 09:30:25 PM
#1714   Tax season over! No more excuses.. lexus400001 04/17/19 09:30:06 PM
#1713   Buy units price goes up & sell units lexus400001 04/17/19 09:29:34 PM
#1712   10-1000x you're MONEY from these sub penny store prices. lexus400001 04/17/19 09:28:05 PM
#1711   Amazing unit! lexus400001 04/17/19 09:26:45 PM
#1710   Glta lexus400001 04/12/19 10:32:17 PM
#1709   Atlas is a hidden gem! Slap the ask lexus400001 04/12/19 10:32:07 PM
#1708   The market makers are trying to hold this lexus400001 04/12/19 10:30:47 PM
#1707   Take this unit to 5.00 lexus400001 04/12/19 10:29:13 PM
#1706   Outstanding units 32 million lexus400001 04/12/19 10:28:49 PM
#1705   Float 28 million lexus400001 04/12/19 10:28:28 PM
#1704  Restored gregseals & everyone else forget about the k-1 lexus400001 04/12/19 10:27:51 PM
#1703   Buy down to .0011 then become rich soon lexus400001 04/12/19 10:26:04 PM
#1701   Glta lexus400001 04/12/19 10:21:39 PM
#1700   This unit is going to be 5.00 before lexus400001 04/12/19 10:21:26 PM
#1699   Stop sabotaging this unit & start buying the future. lexus400001 04/12/19 10:20:29 PM
#1698   Slap the 580k ask & we go back lexus400001 04/12/19 10:18:23 PM
#1697   Rock & roll lexus400001 04/12/19 10:17:01 PM
#1696   K-1 available gregseals 04/10/19 06:20:17 PM
#1695   Good question. That is interesting..... 1manband 04/06/19 09:31:00 PM
#1694   no k-1 yet WTF atlas rodster73 04/06/19 08:59:36 PM
#1693   If "LEON COOPERMAN" was not forced to sell lexus400001 03/20/19 06:08:32 PM
#1692   Criminally underpriced unit lexus400001 03/20/19 06:06:20 PM
#1691   Trading, "BUY FEAR SELL GREED" lexus400001 03/20/19 06:05:06 PM
#1690   Easy cash flow from here. lexus400001 03/20/19 06:04:06 PM
#1689   Atlas is paying down debt and hedges are gone. lexus400001 03/20/19 06:03:38 PM
#1688   Oil on the way to 80 to 100 barrel lexus400001 03/20/19 06:02:22 PM
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