Atlas Energy

From Wikimarcellus

Here is where some info about Atlas Energy should go.
This article is still a stub and needs your attention. It does   
not have a template and contains minimal information. Please dive
in and help it grow!

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.

By 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. In late November, Atlas announced that it had finished drilling and casing this second Marcellus shale horizontal well. It is located in Washington County and extends horizontally 3,000 feet. The company planned an eight-stage frac for it. In May, 2009 Atlas announced the third horizontal well in the series had the extraordinary initial production rate of 10.1 million cubic feet per day. By mid-May, eight horizontal wells had been drilled since the forth quarter of 2008. Only the first three of these eight wells were on line. By year-end 2009, Atlas planned to drill twelve additional Marcellus wells working with its various joint venture partners.

The company owns a 50% interest in twelve planned horizontal wells including the above mentioned ones. Ten of the wells are located in Washington County, Pa. The remaining two will be drilled one each in eastern Greene and western Fayette Counties. Atlas will be the well operator and have a 25% working interest in the latter two.

Another November, 2008 report indicated Atlas has 90 Marcellus shale wells producing 25 million cubic feet per day.

In December, 2008 the company announced that one of its vertical Marcellus shale wells had an estimated initial production of 5 MMcf per day. While the well location was not released, the same article also mentioned that Atlas has now completed over 100 wells in its vertical Marcellus drilling program.

The company 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.

In April, 2009 APL announced that it had become 49% owner of a joint venture with the Williams Companies in which substantially all of its Appalachian pipeline gathering system had been transferred to it.

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

• Richard D. Weber is President and COO of Atlas Energy.
• Edward E. Cohen, Ph.D. is CEO of the company.
• Tommy L. Thompson is Vice President, Horizontal Drilling.
• Brian Begley is Vice President of Investor Relations.
• Gene Dubay is President and CEO of Atlas Pipeline Partners.