Atlas Resource Partners (fka ARPJQ)

[Cousin IT]

ATLAS RESOURCE PARTNERS

Discussing third-quarter numbers during an earnings call earlier this week, Atlas Resource Partners CEO Daniel Herz noted that it had been a "challenging quarter.
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The firm did, however, have one bright spot — its oil wells in the Eagle Ford shale region just south of San Antonio.
During the third quarter, Atlas drilled and completed its first three Eagle Ford wells. Those wells are producing an average of 3,573 barrels of oil per day, and an average of 313,000 cubic feet of natural gas per day, Herz noted during the earnings call, adding that the company has "shifted entirely to the Eagle Ford."
"Our sole focus in development activity is in the Eagle Ford shale where we have a substantial position," Herz continued. "The economics there remain very attractive on a heads-up basis, and even more attractive to us through our investment partnership business."
Company officials added that the company currently has one active rig in the entire US, and it is in the Eagle Ford Shale.

Atlas Resource Partners entered the region back in November 2014 — buying thousands of acres of oil leases in Atascosa County from Cima Resources LLC and Cinco Resources LLC, according to records filed by the U.S. Securities and Exchange Commission. The $340 million purchase included 22 already-producing wells and 19 undeveloped locations.
Sergio Chapa covers the energy industry