Atlas Resource Partners, L.P. (ARP) (NYSE: ARP), the largest sponsor of natural gas and oil investment partnerships in the U.S., recently disclosed its capital raise for 2014 in an annual earnings announcement.
Be sure to read Atlas Announces Completed Merger Transactions with Targa.
In 2014, ARP’s partnership management business raised $166.8 million which is 11% higher than the amount raised in 2013. The 2014 program, Series 34 – 2014, expects to deploy capital to drill new wells in the Eagle Ford Shale, Utica Shale, Marble Falls, and Mississippi Lime.
ARP has sponsored 22 public and 40 private partnerships since 1985. The company and its affiliates act as both the operator and general drilling contractor drilling, completing, and operating the wells.
Wells drilled by ARP and affiliates for development partnerships have achieved a completion rate of 97%.
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