Atlas Shoulders Into Barnett Shale With $190M Carrizo Deal

Law360, New York (March 16, 2012, 7:18 PM EDT) -- Atlas Resource Partners, the newly launched drilling arm of Atlas Energy LP, said Friday it will buy Texas shale holdings from Carrizo Oil & Gas Inc. for $190 million and raised its projected distributions to investors.

The assets, located in the Barnett Shale in northern Texas, have proved reserves of about 277 billion cubic feet equivalent and include 221 wells currently producing 36 million cubic feet per day, the companies said.

“These Barnett Shale assets are ideal — long-lived, producing assets which generate increased cash flow...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.