Friday, May 18, 2012

Atlas Resources Acquires Titan Operating Barnett Shales Assets

Atlas Resource Partners acquired Titan Operating Barnett shale assets. This includes proved reserves in the Barnett shale in the Fort Worth basin and what Atlas claims could be 335 potential undeveloped drilling locations. Nothing has been said whether this includes the Hilliard and Powell sites here in Flower Mound but most likely it does.

Wow, 335 potential undeveloped drilling locations? It is hard to believe that there could possibly that many locations that have not been drilled in this area.

Good thing we have a strong Oil and Gas Ordinance in Flower Mound. Let's hope it stays that way.

Click here to read article.
Click here to read about Atlas' Corporate Executives.


Anonymous said...

Wow, sold the assets for .74/MCF, they were in more dire trouble than I thought.

Anonymous said...

Please keep us informed with the status of the lawsuit that Titan filed against the Town. It will be interesting if Atlas picks up or even bothers pursuing.