July 27, 2016 4:12 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Alta Mesa Holdings, LP

Company Overview

Alta Mesa Holdings, LP engages in the acquisition, exploitation, exploration, and production of onshore oil and natural gas properties in the United States. The company primarily holds interests in the Sooner Trend fields located in Oklahoma; and Weeks Island field located in Iberia Parish, Louisiana. It also has interests in the Urbana, Cold Springs, and Cold Springs West in East Texas; Blackjack Creek oil field in Florida; and other fields in South Louisiana. As of December 31, 2015, it had total proved oil and natural gas reserves of approximately 78.5 MMBOE. The company was founded in 1987 and is headquartered in Houston, Texas.

15021 Katy Freeway

Suite 400

Houston, TX 77094

United States

Founded in 1987

233 Employees

Phone:

281-530-0991

Key Executives for Alta Mesa Holdings, LP

Chief Executive Officer, President and Director
Age: 59
Founder, Chairman, Chief Operating Officer and Vice President of Engineering
Age: 59
Chief Financial Officer, Vice President and Director
Age: 60
Chief Technical Officer, Vice President and Director
Age: 52
Chief Accounting Officer and Vice President
Compensation as of Fiscal Year 2016.

Alta Mesa Holdings, LP Key Developments

Alta Mesa Holdings, LP Presents at Louisiana Energy Conference 2016, Jun-02-2016 08:45 AM

Alta Mesa Holdings, LP Presents at Louisiana Energy Conference 2016, Jun-02-2016 08:45 AM. Venue: Westin Canal Place Hotel, New Orleans, Louisiana, United States. Speakers: Hal Chapelle, President and CEO.

Alta Mesa Holdings, LP Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2016; Provides Earnings and Operating Guidance for the Second Quarter of 2016

Alta Mesa Holdings, LP reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2016. For the period, the company’s total operating Revenue was $38,167,000 compared to $60,542,000 a year ago. Loss from operations was $7,967,000 compared to $95,077,000 a year ago. Loss before state income taxes was $24,156,000 compared to $109,211,000 a year ago. Net loss was $24,157,000 compared to $109,211,000 a year ago. The difference in net loss between the two periods was primarily due to lower impairment expense, depreciation depletion and amortization expense, and general and administrative expense, partially offset by lower realized revenue. Net cash used in operating activities was $101,785,000 compared to net cash provided by operating activities of $85,427,000 a year ago. Capital expenditures for property and equipment were $44,435,000 compared to $95,586,000 a year ago. Adjusted EBITDAX was $31,086,000 compared to $50,744,000 a year ago. The change in Adjusted EBITDAX between the two periods was affected by lower realized revenue, partially offset by a decrease in general and administrative expense, workovers and severance taxes. For the quarter, the company’s production volumes totaled about 1,670 mboe or an average of approximately 18,300 boe per day, compared to 1,700 mboe or approximately 19,000 boe per day in the first quarter of 2015. The company's total production mix was 73% oil and natural gas liquids (84% oil, 16% liquids) for the first quarter 2016. For the second quarter of 2016, adjusted EBITDAX is expected to range between $61 and $63 million. For the second quarter, the company expects the production to average between 19,000 to 21,000 boe per day.

Alta Mesa Holdings, LP to Report Q1, 2016 Results on May 13, 2016

Alta Mesa Holdings, LP announced that they will report Q1, 2016 results at 1:00 PM, Central Standard Time on May 13, 2016

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 22, 2015
Alta Mesa Eagle, LLC
 

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