Simpson Thacher Represents JPMorgan as Financial Advisor to the Board of Directors of Atlas Resource Partners, L.P. in its $184 Million Acquisition of Titan Operating L.L.C.
05.17.12
This is only gets display when printing
The Firm is representing J.P. Morgan Securities LLC as financial advisor to the Board of Directors of Atlas Resource Partners, L.P. (“Atlas”) in connection with Atlas’ acquisition of Titan Operating L.L.C. The transaction is valued at approximately $184 million (based on the closing price of Atlas’ common units on May 16, 2012), and Atlas will finance the transaction with approximately 3.8 million common units and 3.8 million newly issued convertible preferred units.
Atlas is a publicly traded Delaware master limited partnership and an independent developer and producer of natural gas and oil. Atlas owns an interest in over 8,600 producing natural gas and oil wells, primarily in Appalachia and the Barnett Shale in Texas, and is also the largest sponsor of natural gas and oil investment partnerships in the United States. Titan Operating L.L.C., a privately held company based in Fort Worth, Texas, acquires, explores, and develops oil and gas properties. As a result of the transaction, Atlas will acquire approximately 250 Bcfe of proved reserves and associated assets in the Barnett Shale in Texas.
The Simpson Thacher team includes Caroline Gottschalk, Rob Spatt, Ariel Oxman and summer associate Kirsten Popoff (M&A) and Nancy Mehlman (Tax).