Atlas has over 700 Bcfe of proved reserves in the core portion of the Barnett Shale & the NGL rich Marble Falls play in eastern Texas (Tarrant, Denton and Jack Counties). These assets provide future drilling locations including liquids rich opportunities. Atlas’s Texas assets have easy access to large gas markets through a highly-developed pipeline infrastructure.
Atlas operates over 8,600 mature, low-decline shallow production wells in western Pennsylvania, eastern Ohio and southwestern New York. Atlas has ~ 160 Bcfe of proved reserves and ~30Mmcf/d of net production in Appalachia, of which 94% is natural gas. These assets are in close proximity to the natural gas consuming regions of the mid-Atlantic and northeastern United States.
Atlas operates over 200 vertical wells and 30 horizontal wells in the Marcellus Shale in southwestern Pennsylvania. Atlas plans to drill new horizontal Marcellus wells in northeastern Pennsylvania through its investment partnership business.
Atlas has existing land operations in eastern Ohio to take advantage of development opportunities in the Utica Shale. Atlas plans to drill Utica wells through its investment partnership business.
Atlas has ~19,800 acres in the core of the Mississippi Lime play in northwestern Oklahoma. The acreage is located in the oil & liquids rich portion of the play (Alfalfa, Grant and Garfield Counties) and the position is held by existing production.
Atlas has access to 178,000 net acres in Colorado’s Niobrara formation through a farm-in agreement with Black Raven Energy. Atlas will pay a per well fee and production royalties to Black Raven to participate in the play. Recent initial rates have been 250 Mcf/d with the potential to drill over 200 wells in the next several years.
Atlas has over 100,000 net undeveloped acres in the Chattanooga Shale in northeastern Tennessee. Atlas operates over 450 wells in the region and also has two gas processing plants, Fruehauf and Big Mountain plants, in eastern Tennessee with a combined capacity of ~35 Mmcf/d.
Atlas has access to over 123,000 net acres in the New Albany Shale in west central Indiana. Atlas has 150 producing wells (including 50 wells from Michigan) and ~28 Bcfe of proved reserves as well as several CO2 treating facilities in Indiana.