problems with pipelines not under their control with standing, I did not see anything to dislike. Nice growth in oil & NGLs and new stacked pay opps.
Does anyone have a better idea of what this private placement of Atlas Growth Partners may turn out to be? I don't have a clue.
properties to drill have to come from somewhere so sure some will come from arp but maybe not all. also private investors will want a good return so will probably get a carved out ORRI as the floor and non working interest percentage as the upside
The Atlas Growth Partners will be private MLP, focused on growth, not distributions. Probably similar to Enervest, Quantom etc.
Expect ARP to provide some acreage and either get a carried interest, sell the acreage outright, or perhaps sell the acreage and get a partial working interest.
If they sell the acreage outright, then ARP will likely simply redeploy that cash into PDP assets.