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Atlas Energy Group, LLC (ATLS)

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Last Post: 11/19/2018 5:12:22 PM - Followers: 17 - Board type: Free - Posts Today: 9

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: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/15/2018 05:23:07 PM
ATLS News: Current Report Filing (8-k) 11/06/2018 04:03:33 PM
ATLS News: Statement of Changes in Beneficial Ownership (4) 10/23/2018 04:22:47 PM
ATLS News: Statement of Changes in Beneficial Ownership (4) 10/11/2018 04:08:53 PM
ATLS News: Statement of Changes in Beneficial Ownership (4) 10/11/2018 04:07:07 PM
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#1109   We're going .0001 load the boat! I'm going lexus400001 11/19/18 05:12:22 PM
#1108   I would love to own the 24 million lexus400001 11/19/18 05:10:09 PM
#1107   Swanlinbar what hole did you crawl out of? lexus400001 11/19/18 05:08:44 PM
#1106   ATLS-Lex talk about Scams Why are Insiders SELLING swanlinbar 11/19/18 04:24:20 PM
#1105   Natural Gas 4.60 going over 5.00 before Dec 31st lexus400001 11/19/18 03:54:54 PM
#1104   Market makers are stealing off the 35% spread! lexus400001 11/19/18 02:34:18 PM
#1103   Everyone is placing buy orders at the bid price! lexus400001 11/19/18 02:32:32 PM
#1102   Marker maker munipilation. lexus400001 11/19/18 02:31:17 PM
#1101   Idiots selling at 3 cents Joker402 11/19/18 12:58:06 PM
#1100   GLTA lexus400001 11/16/18 08:54:19 PM
#1099   Thanks... lexus400001 11/16/18 08:49:57 PM
#1098   Alot of op·por·tu·ni·ty here!!! Dont F**** it up! lexus400001 11/16/18 08:42:50 PM
#1097   Gonna pop soon time to load the boat Joker402 11/14/18 02:07:26 PM
#1096   Natural Gas is going to 5.00 before spring. lexus400001 11/09/18 03:26:56 PM
#1095   Quality natural gas assets Joker402 11/09/18 12:19:53 PM
#1094   Quality natural gas assets Joker402 11/09/18 12:19:48 PM
#1093   I'm calling for upcoming lawsuit by the unit lexus400001 11/07/18 10:10:16 PM
#1092   Wonder if FLMN fired Daniel C. Herz? lexus400001 11/07/18 10:05:23 PM
#1091   There out dated old school education can rot lexus400001 11/07/18 09:51:05 PM
#1090   Cohens are the biggest sleeve balls in the lexus400001 11/07/18 09:50:15 PM
#1089   Then this unit will blow to the moon! lexus400001 11/07/18 09:48:42 PM
#1088   Unit holders, vote the Cohen con twins/father son lexus400001 11/07/18 09:47:57 PM
#1087   Daniel C. Herz is gone!! lexus400001 11/07/18 09:46:08 PM
#1086   (Breaking News) bulletin report. lexus400001 11/06/18 05:13:53 PM
#1085   MA (200) .0494 bullish sentiment. lexus400001 11/05/18 05:06:30 PM
#1084   Boom! Atls crossed over MA (50) lexus400001 11/05/18 05:05:06 PM
#1083   June 2018 revenue $2.97 million. Market cap lexus400001 11/01/18 03:42:36 PM
#1082   There is only 2 market makers!! ETRF CDEL lexus400001 10/31/18 11:02:39 AM
#1081   Fairly valued here unlike most of its peers. Joker402 10/30/18 02:35:01 PM
#1080   Awful unit but it's still really undervalued. There lexus400001 10/29/18 01:08:35 PM
#1079   Timber!! lexus400001 10/18/18 11:30:49 AM
#1078   I guess this one is done. gregseals 10/18/18 11:07:56 AM
#1077   One penny a share. willlbone 10/18/18 10:10:54 AM
#1076   Big discount here asssets are worth 25 cents Joker402 10/11/18 10:11:01 PM
#1075   Another extension, Volume is going to increase! Get lexus400001 10/09/18 05:49:55 PM
#1074   Atlas is only a bagholders unit! lexus400001 10/04/18 04:59:41 PM
#1073   Tell the Cohens get off the board and lexus400001 10/04/18 04:57:42 PM
#1072   The street hates the aliterate greedy con-men Cohens! lexus400001 10/04/18 04:54:44 PM
#1071   Selling soon tired of this lousy mlp Joker402 10/04/18 04:09:21 PM
#1070   They are on there way of stealing and lexus400001 10/02/18 10:13:07 AM
#1069   SA Editor Carl Surran Atlas Energy (ATLS +2.5%) paid CEO Ed lexus400001 10/02/18 10:09:59 AM
#1068   Management has walked away with $20-75 million and lexus400001 10/02/18 09:34:00 AM
#1067   Dead unit! Buyer beware. lexus400001 10/02/18 09:32:11 AM
#1066   Like I have told everyone Cohens are criminals lexus400001 10/02/18 09:30:37 AM
#1065   Oil and nat gas at 52 week highs Joker402 10/01/18 03:36:38 PM
#1064   This needs to go up alot more 50% lexus400001 09/24/18 02:58:56 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
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