Atlas Energy, L.P. Completes $67 Million Acquisition of Natural Gas Assets

PHILADELPHIA--(BUSINESS WIRE)--Atlas Energy, L.P. (NYSE: ATLS) (“Atlas Energy” or “ATLS”) announced today the completion of its previously announced acquisition of approximately 45 Bcf of natural gas proved reserves in the Arkoma Basin in southeastern Oklahoma from EP Energy E&P Company, L.P (“EP Energy”) for $67 million, as adjusted pursuant to the purchase agreement. In addition, ATLS’ E&P subsidiary, Atlas Resource Partners, L.P. (NYSE: ARP) completed its acquisition of natural gas assets from EP Energy for $733 million, as adjusted pursuant to the purchase agreement. In conjunction with the closing, ATLS purchased approximately 3.75 million Class C ARP preferred units for approximately $87 million.