Atlas Analysis : Atlas Resource Partners

1600 Words7 Pages
1. Atlas Resource Partners, L.P (ARP) Introduction The company is an independent developer and producer of crude oil, natural gas and natural gas liquids in the United States. The company has been in operation for the past forty years. Atlas Resource Partners has its core activities in three main areas, that is, Well Construction and Completion, Gas and Oil Production and Other Production Management. It has interests in over 14,000 natural gas and oil wells located Texas, Oklahoma, New Mexico, Alabama and Colorado. The company acquires its coal bed methane gas from various basins established in different places across the world. These areas include but are not limited to the Black warrior basin located in Alabama, the Country line area of Wyoming, the Raton Basin situated in New Mexico and the Appachalin basin which includes Utica Shale and the Marcellus Shale. The company had an estimated 1.428 billion cubic feet of proven reserves as of May 18, 2015. The entity further sponsors and manages investments in natural gas and oil partnerships that are tax-advantaged. The company was re-launched in 2011 due to the promising natural gas markets. Currently its headquarters is in Pittsburgh, Pennsylvania. Discounted Cash Flow Valuations The entity has a market valuation of 150 million dollars (Yahoo Finance 2015). The discounted cash flow projections have been made by starting from the company’s operating cash flows which was currently at 204.65 million dollars. The company has
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