Atlas to acquire Titan Fort Worth Barnett shale assets

By OGJ editors

Atlas Resources Partners LP, Philadelphia, will acquire 250 bcf equivalent of proved reserves in the Barnett shale in the Fort Worth basin from Titan Operating LLC, private Fort Worth independent, for $184 million in ARP units.

Closing is set for July 2012 with an effective date of Jan. 1, 2012. ARP’s net proved Barnett shale reserves will total 700 bcfe on completion.

Titan’s assets are on 16,000 acres, 90% held by production, in Denton, Tarrant, Johnson, and Hood counties, Tex., near ARP’s previously acquired Barnett shale assets. Titan’s net production is 24 MMcfe/d, including 370 b/d of natural gas liquids. ARP sees 335 potential undeveloped drilling locations.

Related Articles

US gas reserve growth in 2013 was robust, AGA estimates

04/17/2014 US natural gas producers added more than 35 tcf of reserves in 2013, the American Gas Association said in its latest annual preliminary estimate ba...

Proved reserves of US crude oil reach 36-year high in 2012

04/10/2014 US proved reserves of crude oil at yearend 2012 were estimated at 33.4 billion bbl, up 15.4% from 2011 and the highest since 1976, according to a r...

Baker Hughes: US drilling rig count jumps to 1,809

03/14/2014 The US drilling rig count increased 17 units to 1,809 rigs working during the week ended Mar. 14, Baker Hughes Inc. reported. The 40-unit rise over...

Devon, Crosstex complete merger of midstream assets

03/07/2014 Devon Energy Corp., Oklahoma City, and Crosstex Energy LP, Dallas, have completed the merger of their midstream assets to form general partner EnLi...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected