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Atlas Energy Group, LLC (ATLS)

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Last Post: 7/19/2018 1:40:38 PM - Followers: 17 - 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) 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
ATLS News: Statement of Changes in Beneficial Ownership (4) 06/08/2018 04:49:13 PM
ATLS News: Statement of Changes in Beneficial Ownership (4) 06/08/2018 04:48:46 PM
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#815  Sticky Note RECENT DEVELOPMENTS DENN 06/28/18 02:42:32 PM
#883   I thought you talk to him ???? DENN 07/19/18 01:40:38 PM
#882   Energy sector is going into a long bull lexus400001 07/19/18 10:46:14 AM
#881   so what make's you think he will buy more DENN 07/19/18 01:57:37 AM
#880   Ok didn’t know that thanks MusashiG 07/18/18 12:27:56 PM
#879   Month before the last quarter of the year. lexus400001 07/18/18 12:25:12 PM
#878   Why only two month? MusashiG 07/18/18 12:22:26 PM
#877   His hedge fund has permission to buy/trade Atlas lexus400001 07/18/18 12:17:34 PM
#876   And you know this how? MusashiG 07/18/18 12:13:15 PM
#875   Leon G Cooperman is buying shares between Aug-Sept lexus400001 07/18/18 12:11:29 PM
#874   yes and the lender must be pleased with DENN 07/17/18 01:57:19 PM
#873   All kinds of filings out for Osprey hopefully MusashiG 07/16/18 07:20:01 PM
#872   See we got another extension MusashiG 07/16/18 06:16:44 PM
#871   Yep good find DENN MusashiG 07/15/18 06:03:50 PM
#870   Gotcha thanks MusashiG 07/15/18 01:28:49 AM
#869   it is listed under same place you got DENN 07/14/18 09:34:18 PM
#868   Can you share the link DENN MusashiG 07/14/18 06:34:38 PM
#867   Awesome news MusashiG 07/14/18 05:27:33 PM
#866   Titan energy just reported july 7 2018 a DENN 07/14/18 12:37:42 AM
#865   Also that 10k bid is a lot bigger MusashiG 07/13/18 07:19:25 PM
#864   ya I seen that 5 dollar sell commissions DENN 07/13/18 07:02:43 PM
#863   Someone is holding this down to load at MusashiG 07/13/18 06:07:13 PM
#862   Why is Fanny and freedy on otc? Remember MusashiG 07/13/18 12:01:53 AM
#861   .03-.06 stock tell hell freezes over or Edward resigns. lexus400001 07/12/18 11:50:37 PM
#860   The street hates Edward Cohen and his son! lexus400001 07/12/18 11:49:23 PM
#859   Why is it a otc penny stock? lexus400001 07/12/18 11:48:36 PM
#858   Atlas Energy Group has a market capitalization of MusashiG 07/12/18 05:04:10 PM
#857   Thin day, slap the ask and we get lexus400001 07/11/18 02:00:49 PM
#856   Lmao again with this, what’s the current oil MusashiG 07/11/18 12:11:52 PM
#855   .03-.06 for the next 2 years. Glta lexus400001 07/11/18 12:03:11 PM
#854   Edward Cohen worst CEO on the street. lexus400001 07/11/18 12:02:08 PM
#853   Bagholders grasping for straws! lexus400001 07/11/18 11:59:03 AM
#852   yes they still have some producing wells. like DENN 07/10/18 06:11:57 PM
#851   Didn’t find the 21 well thing I’m sure MusashiG 07/10/18 05:48:56 PM
#850   https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Rise-Further-After DENN 07/10/18 04:59:53 PM
#849   Think it was in the k, something like MusashiG 07/10/18 12:49:14 PM
#848   where did you see the 21 wells to DENN 07/10/18 12:08:57 PM
#847   That’s with oil at $50, what about $80 MusashiG 07/10/18 11:34:31 AM
#846   .67 cent stock! lexus400001 07/10/18 08:37:56 AM
#845   New AGP well online! MusashiG 07/10/18 08:28:52 AM
#844   thanks. if its on line they know what DENN 07/09/18 04:30:30 PM
#843   Yea this is what I got when I MusashiG 07/09/18 02:55:12 PM
#842   are you talking about atls DENN 07/09/18 02:45:30 PM
#841   Not sure about that company said they are MusashiG 07/09/18 02:40:51 PM
#840   so you sold your 5300 shares this morning. DENN 07/09/18 02:20:04 PM
#839   Rinse & Repeat going back to .04 lexus400001 07/09/18 01:50:27 PM
#838   Very odd trading today, could be news coming. MusashiG 07/06/18 02:57:12 PM
#837   Hopefully they know news is coming MusashiG 07/06/18 12:17:54 PM
#836   Yea they were on the bid for a MusashiG 07/06/18 12:16:57 PM
#835   with a low float and outstanding this moves fast DENN 07/06/18 12:12:40 PM
#834   some one had a 200,000 buy this morning DENN 07/06/18 12:07:05 PM
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