Areas of Operation
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Appalachia Atlas operates over 8,500 mature, low-decline shallow production wells in western Pennsylvania, eastern Ohio and southwestern New York. Atlas has ~ 160 Bcfe of proved reserves and ~30Mmcf/d of net production in Appalachia, which is 94% natural gas. These assets are in close proximity to the natural gas consuming regions of the mid-Atlantic and northeastern United States. |
| Indiana Atlas has access to over 123,000 net acres in the New Albany Shale in west central Indiana. Atlas has 150 producing wells (including 50 wells from Michigan) and ~28 Bcfe of proved reserves. There are over 450 potential future locations in the New Albany Shale. Atlas also has several CO2 treating facilities in Indiana. |   |
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Tennessee Atlas has over 120,000 net undeveloped acres in the Chattanooga Shale in northeastern Tennessee. Atlas operates over 450 wells in the region and also has two gas processing plants, Fruehauf and Big Mountain plants, in eastern Tennessee with combined capacity of ~35 Mmcf/d. |
| Colorado Atlas has access to 178,000 net acres in Colorado’s Niobrara formation through a farm-in agreement with Black Raven Energy. Atlas will pay a per well fee and production royalties to Black Raven to participate in the play. Recent initial rates have been 250 Mcf/d with the potential to drill over 200 wells in the next several years. |   |