Atlas Energy Resources, LLC is an independent developer and producer of natural gas and oil, with operations in the Appalachian Basin, where the Company focuses on the development of the Marcellus Shale, northern Michigan’s Antrim Shale, and Indiana’s New Albany Shale. The Company’s Appalachian Basin major operations are located in eastern Ohio, western Pennsylvania, and north central Tennessee, and has additional operations in New York, West Virginia and Kentucky. The Company also sponsors and manages tax-advantaged direct investment natural gas and oil partnerships in the United States. As of December 31, 2008, the Company’s estimated proved reserves were 373.9 billions of cubic feet equivalent (Bcfe). In Michigan, as of December 31, 2008, Atlas Energy Resources, LLC had reserves of approximately 617 Bcfe and its average daily production for 2008, was approximately 59.7 millions of cubic feet equivalent (Mmcfe) per day.
Quick Financial Synopsis
BRIEF: For the six months ended 30 June 2009, Atlas Energy Resources, LLC's revenues decreased 16% to $344.2M. Net income attributable to Common decreased 37% to $45M. Revenues reflect decreased income from Well construction & completion, lower revenue from gas & oil production and a decrease in revenue from well services. Net income also reflects increased general & administrative expenses and higher depreciation, depletion & amortization charges.
Company Address
Atlas Energy Resources, LLC
Westpointe Corporate Center 1550 Coraopolis Heights Road, 2nd Fl Moon Township PA 15108
P: +1412.2622830