- ATLS declared a cash distribution of $0.27 per limited partner unit for the third quarter 2012. The third quarter 2012 distribution represents a $0.02 per unit increase, or 8%, over the second quarter 2012 and a 13% increase over the prior year quarter. The third quarter 2012 ATLS distribution is payable November 19, 2012 to holders of record as of November 5, 2012.
- Atlas Energy’s E&P subsidiary, Atlas Resource Partners, L.P. (NYSE: ARP), reached record average net production of 96.3 Mmcfed for the third quarter 2012, a 54% increase from the sequential quarter and over a 175% increase from the prior year quarter.
- In September 2012, ARP acquired the following for approximately $40 million from Equal Energy, Ltd. (NYSE: EQU), its joint venture partner in the Mississippi Lime formation in Oklahoma: the remaining 50% interest in Equal’s approximately 8,500 net undeveloped acres in the core of the oil & liquids rich Mississippi Lime play in northwestern Oklahoma, approximately 8 Mmcfe/d of net production in the Mississippi Lime region and substantial salt water disposal infrastructure. ARP now controls approximately 20,000 net acres in the play and plans to add a second rig by the end of 2012.
- Atlas Pipeline Partners, L.P. (NYSE: APL), Atlas Energy’s midstream subsidiary, announced record processing volumes at each of its systems, reaching a total of 769.0 Mmcfd and natural gas liquids (NGL) production of 56,363 bpd for the third quarter 2012.
Atlas Energy, L.P. (NYSE: ATLS) (“Atlas Energy” or “ATLS”) today reported operating and financial results for the third quarter 2012.