January 20, 2017 3:11 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Atlas Resources, L.L.C.

Company Overview

Atlas Resources, L.L.C. owns and operates natural gas drilling partnerships. The company was formerly known as as Resources, Inc. and changed its name to Atlas Resources, LLC in June, 2006. The company was incorporated in 1979 and is based in Pittsburgh, Pennsylvania. Atlas Resources, L.L.C. operates as a subsidiary of Atlas Energy Holdings Operating Company, LLC.

1000 Commerce Drive

Park Place Corporate Center One

Suite 410

Pittsburgh, PA 15275-1011

United States

Founded in 1979

Phone:

800-251-0171

Fax:

412-262-7430

Key Executives for Atlas Resources, L.L.C.

Chairman of the Board, Chief Executive Officer and President
Age: 60
Chief Financial Officer and Director
Age: 34
Compensation as of Fiscal Year 2016.

Atlas Resources, L.L.C. Key Developments

Atlas Resources, LLC Announces Board Appointments

On September 21, 2016, the sole member of Atlas Resources, LLC, the managing general partner of Atlas America Public #15-2005(A) L.P. expanded the board of directors of the Managing General Partner from two to five directors. In addition to existing directors Freddie Kotek and Daniel Herz, Gary Lichtenstein, Chris Shebby and Jeffrey Slotterback were added as members of the Board. Messrs. Kotek, Herz and Slotterback are employees of an affiliate of the Managing General Partner and their term of service on the Board is until the appointment of a successor or death, resignation or removal. The other directors, Messrs. Lichtenstein and Shebby, are not employees of the Managing General Partner or any of its affiliates and were appointed to initial one-year terms.

Pre-Packaged Reorganization Plan and Disclosure Statement Approved for Atlas Resource Partners, L.P.

The US Bankruptcy Court approved the joint pre-packaged plan of reorganization and disclosure statement of Atlas Resource Partners, L.P. on August 26, 2016. The debtor has filed its joint pre-packaged plan and disclosure statement in the Court on July 27, 2016. As per the plan, administrative expense claims, statutory fees, priority tax claims and fee claims shall be paid in full in cash. Priority non-tax claims, general unsecured claims, intercompany claims, intercompany equity interests and other secured claims shall be reinstated. First Lien claims shall receive its pro rata share of cash in an amount equal to the principal amount of loans and the face amount of issued letters of credit outstanding minus $440 million, accrued and unpaid interest, if not paid and Exit Facility term loan. They shall get revolving loan under exit facility if they elect so. Second Lien claims shall receive its pro rata share of Second Lien Payment, the New Second Lien Loans, and the Second Lien interest payment. Notes claims shall receive its pro rata share of 90% of the New HoldCo common shares. Intercompany equity interests in Atlas Resource Partners Holdings, LLC shall be contributed to New HoldCo. ARP equity interests shall be cancelled and receive no distribution. The plan shall be funded from cash, exit facility, second lien loan and issue of common shares.

Pre-Packaged Reorganization Plan & Disclosure Statement Filed by Atlas Resource Partners, L.P.

Atlas Resource Partners, L.P., along with its affiliates, filed a joint pre-packaged plan of reorganization with related disclosure statement in the US Bankruptcy Court on July 27, 2016. As per the plan filed, administrative expense claims, statutory fees, priority tax claims and fee claims shall be paid in full in cash. Priority non-tax claims, general unsecured claims, intercompany claims, intercompany equity interests and other secured claims shall be reinstated. First Lien claims shall receive its pro rata share of cash in an amount equal to the principal amount of loans and the face amount of issued letters of credit outstanding minus $440 million, accrued and unpaid interest, if not paid and Exit Facility term loan. They shall get revolving loan under exit facility if they elect so. Second Lien claims shall receive its pro rata share of Second Lien Payment, the New Second Lien Loans, and the Second Lien interest payment. Notes claims shall receive its pro rata share of 90% of the New HoldCo common shares. Intercompany equity interests in Atlas Resource Partners Holdings, LLC shall be contributed to New HoldCo. ARP equity interests shall be cancelled and receive no distribution. The plan shall be funded from cash, exit facility, second lien loan and issue of common shares.

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