Atlas Shells Out $800M For EP Energy Natural Gas Assets

Law360, Houston (June 10, 2013, 6:22 PM EDT) -- Atlas Energy LP and a subsidiary have entered into a definitive agreement to acquire natural gas reserves located in four states from Houston-based EP Energy E&P Co. LP for $800 million, the companies announced Monday.

The deal, which is expected to close in the third quarter 2013 and is subject to purchase price adjustments, will add 466 billion cubic fees of proved natural gas reserves located in New Mexico, Alabama and Wyoming to the portfolio of Atlas Resource Partners LP, while Pittsburgh-based Atlas Energy picks up...
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