Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/atlas-resource-partners-provides-update-on-operati.shtmlAtlas Resource Partners provides update on operations and hedging program
Atlas Resource Partners, L.P. has provided an update on its operations
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Atlas Resource Partners, L.P. 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.'
