Atlas Energy

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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.

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 was announcing 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 is planning an eight-stage frac for it. They have spudded a third and forth horizontal well, and by mid-2009 up to twelve wells will be drilled in the program.

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.

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.