Atlas to acquire Titan Fort Worth Barnett shale assets

By OGJ editors

Atlas Resources Partners LP, Philadelphia, will acquire 250 bcf equivalent of proved reserves in the Barnett shale in the Fort Worth basin from Titan Operating LLC, private Fort Worth independent, for $184 million in ARP units.

Closing is set for July 2012 with an effective date of Jan. 1, 2012. ARP’s net proved Barnett shale reserves will total 700 bcfe on completion.

Titan’s assets are on 16,000 acres, 90% held by production, in Denton, Tarrant, Johnson, and Hood counties, Tex., near ARP’s previously acquired Barnett shale assets. Titan’s net production is 24 MMcfe/d, including 370 b/d of natural gas liquids. ARP sees 335 potential undeveloped drilling locations.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...