This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Atlas Resource Partners, L.P. Provides Update On Operations And Hedging Program

Atlas Resource Partners, L.P. (NYSE: ARP) (“ARP” or “the Company”) today has provided an update on its operations and hedging program. Including the acquisitions completed in 2012 and its current drilling plans, ARP is forecasting full year 2013 net production in a range of 51 Bcfe to 56 Bcfe, representing an increase of approximately 50% from annualized third quarter 2012 net production (based on the midpoint of the production range). The increase in production is expected to be generated primarily from further development in ARP’s oil and natural gas liquids (NGL) rich operating regions, including the Mississippi Lime, Utica Shale and the Marble Falls region in the Fort Worth Basin (TX).

Edward E. Cohen, Chief Executive Officer of ARP, stated, “Our updated 2013 guidance reflects our success in 2012 in expanding our operations through accretive acquisitions and organic development. The outlook for 2013 and thereafter continues to be favorable.”

ARP has increased its oil and gas hedge positions, further stabilizing its production cash flow. The Company has the following hedge positions for 2013:
  • Natural gas: approximately 31 Bcf at an average price of $3.89/mcf (swap and collar positions, excluding basis differential), which represents approximately 90% of revenue derived from natural gas
  • NGLs: approximately 165,000 bbl at an average price of $92.69/bbl (hedged heavier NGL components using WTI crude swaps)
  • Crude oil: approximately 373,000 bbl at an average price of $92.30/bbl (swap and collar positions)

Based on its current operations forecast, ARP anticipates 2013 capital expenditures of approximately $175 million. The capital expenditure forecast is comprised of approximately $145 million for well drilling activities (including ARP’s investment in the partnership programs) and approximately $30 million for land acquisition and other uses. The drilling capital includes approximately $26 million in maintenance capital expenditures.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs