Atlas Energy

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	It is organized similar to a limited partnership run by the parent company, ATLS. The later, also has another subsidiary, Atlas Pipeline Partners (APL), which owns and operates a network of gas pipelines that hook-up to interstate pipelines.		It is organized similar to a limited partnership run by the parent company, ATLS. The later, also has another subsidiary, Atlas Pipeline Partners (APL), which owns and operates a network of gas pipelines that hook-up to interstate pipelines.
-	Atlas was reported to be actively leasing drilling rights in Fayette, Greene, Washington and Westmoreland Counties in Pennsylvania. It is reporting that it has 555,000 acres of Marcellus Shale acreage under lease that were acquired for roughly $50,000,000.	+	Atlas was reported to be actively leasing drilling rights in Fayette, Greene, Washington and Westmoreland Counties in Pennsylvania.
	Richard Weber is president of Atlas Energy.		Richard Weber is president of Atlas Energy.
	Edward E. Cohen, Ph.D. is CEO of the company.		Edward E. Cohen, Ph.D. is CEO of the company.

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Revision as of 01:17, 8 November 2008

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Atlas Energy LLC (ATN), based in Moon Township, PA (Pittsburgh metro area), is a subsidiary of Atlas America, Inc. (ATLS). It owns all of the production assets of the parent company which are substantially located in the Appalachian Basin. A September, 2008 report stated that Atlas had 78 vertical Marcellus shale wells drilled and one horizontal one. 69 wells feed into a pipeline.

Atlas was reported in September, 2008 to be an investor along with CONSOL Energy Company of approximately $100 million in the western Pennsylvania counties of Westmoreland and Allegheny.

According to an October, 2008 report, Atlas owns drilling rights to roughly 587,000 acres of Pennsylvania Marcellus shale, and has invested in excess of $50 million. 271,000 acres are in southwestern Pennsylvania and were mostly acquired during 2007 to 2008.

An early November, 2008, drilling on the horizontal leg of the company's second horizontal well had begun, and it was expected to be completed and online by year-end.

Another November report indicated Atlas has 90 Marcellus shale wells producing 25 million cubic feet per day.

It is organized similar to a limited partnership run by the parent company, ATLS. The later, also has another subsidiary, Atlas Pipeline Partners (APL), which owns and operates a network of gas pipelines that hook-up to interstate pipelines.

Atlas was reported to be actively leasing drilling rights in Fayette, Greene, Washington and Westmoreland Counties in Pennsylvania.

Richard Weber is president of Atlas Energy.

Edward E. Cohen, Ph.D. is CEO of the company.