Replies to This Discussion

Permalink Reply by oildude on April 15, 2012 at 11:09am

Thanks Drill. I think Philadelphia PA. One of my neighbors is supposedly negotiating with a oil company from Philadelphia but I am not exactly sure. I hate all this secrecy crap! Why is everyone afraid to say who they are dealing with? Anyway I am located in western washington county ohio. has any one heard of an oil company from Philadelphia leasing in my area?

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Permalink Reply by SA Frank on April 15, 2012 at 4:00pm

Atlas energy main office is based in Philadelphia.

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Permalink Reply by 3uq96odaochmj on April 16, 2012 at 12:55am

maybe a "horizontal" driller that jacks pipe under roads, but not any natural gas drillers.

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Permalink Reply by SA Frank on April 16, 2012 at 2:51am

I repeat myself....Atlas Energy

 

Oildude, where are you located?

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Permalink Reply by Jack Straw on April 16, 2012 at 4:58am

OLD NEWS: Atlas Energy was bought out by Chevron in 2010: http://dealbook.nytimes.com/2010/11/09/chevron-to-buy-atlas-energy-...

Atlas Energy L.P. is an MLP that was an earlier spin off of Atlas Energy, it trades under the stock symbol ATLS and is headquartered in Philadelphia, PA.:

http://www.atlasenergy.com/contact-us/

Atlas Energy L.P. is the general partner for Atlas Resources L.P., it trades under the stock symbol ARP and is headquartered in Moon Township (outside Pittsburgh, PA): http://finance.yahoo.com/q/pr?s=ARP+Profile

Atlas Energy L.P. is the general partner for Atlas Pipeline Partners an MLP that trades under the stock symbol APL and is headquartered in Moon Township (outside Pittsburgh, PA): http://finance.yahoo.com/q/pr?s=APL+Profile

What was Atlas Energy is now part of Chevron (headquartered in San Ramon, California).

What is left trading under the name Atlas are several MLPs – all headquartered near Pittsburgh and the “General Partner” L.P. located in Philadelphia, PA. Atlas Energy are NOT based in Philadelphia; Atlas Energy L.P. is based in Philadelphia - they are completly different entities.

These MLPs are essentially Midstream and Upstream Royalty Trusts and are not drilling horizontal wells in the Marcellus or Utica. Active Marcellus and Utica drilling interests of Atlas Energy were sold to Chevron more than one year ago.

I know of no O & G companies which drill in the Marcellus or Utica that are currently based in Philadelphia.

JS

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Permalink Reply by SA Frank on April 16, 2012 at 5:39am

Jack,

 

Atlas has reformed after selling assets to Chevron.  Happens all the time.  End of story.  Thanks for trying to show differently, but I can assure you that they are a driller with actual assets and they will be drilling in PA soon.

 

SA

 

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Permalink Reply by Jack Straw on April 16, 2012 at 7:41am

And, should there be drilling; that drilling would be done for:

Atlas Resources L.P., it trades under the stock symbol ARP and is headquartered in Moon Township (outside Pittsburgh, PA): http://finance.yahoo.com/q/pr?s=ARP+Profile.

Atlas Energy is the General Partner, but the Upstream E & P company is Atlas Resources L.P. based near Pittsburgh.

And I do not believe that Atlas Resources L.P. are a driller, as they do not seem to own any drilling rigs. Atlas Resources L.P. are an Upstream MLP; they would contract out any drilling to a drilling contactor.

If Atlas plan to contract to drill in PA soon, could you direct me to any Drilling Permit Applications current on the PA DEP website?

 

JS

 

 

 

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Permalink Reply by SA Frank on April 16, 2012 at 8:08am

If you are familiar with the DEP site, go look yourself under Atlas Resources and Lycoming county.  

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Permalink Reply by Jack Straw on April 16, 2012 at 8:25am

Ah yes, it is Atlas Resources Partners L.P., the E & P MLP with Corporate headquarter located in Pittsburgh:

http://www.atlasresourcepartners.com/investment-programs/natural-ga...

 

Glad that this has been cleared up.

 

JS

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