Atlas Resource Partners Announces Suspension of Class D and Class E Preferred Unit Distributions
16 June 2016 - 11:39PM
Atlas Resource Partners, L.P. (NYSE:ARP) today announced that its
Board of Directors has elected to suspend ARP’s 8.625% Class D
Cumulative Redeemable Perpetual Preferred Units and 10.75% Class E
Cumulative Redeemable Perpetual Preferred Units distributions,
beginning with the second quarter 2016 distribution, due to the
continued lower commodity price environment.
Atlas Resource Partners, L.P.
(NYSE:ARP) is an exploration & production master limited
partnership which owns an interest in over 14,500 natural gas and
oil wells, located primarily in Appalachia, the Barnett Shale (TX),
the Mississippi Lime (OK), the Eagle Ford Shale (TX), the Raton
Basin (NM), Black Warrior Basin (AL) and the Rangely Field (CO).
ARP is also the largest sponsor of natural gas and oil investment
partnerships in the U.S. For more information, please visit our
website at www.atlasresourcepartners.com, or contact Investor
Relations at InvestorRelations@atlasenergy.com.
Atlas Energy Group, LLC
(OTCQX:ATLS) is a limited liability company which owns the
following interests: all of the general partner interest, incentive
distribution rights and an approximate 23% limited partner interest
in its upstream oil & gas subsidiary, Atlas Resource Partners,
L.P.; the general partner interests, incentive distribution rights
and limited partner interests in Atlas Growth Partners, L.P.; and a
general partner interest in Lightfoot Capital Partners, an entity
that invests directly in energy-related businesses and assets. For
more information, please visit our website at www.atlasenergy.com,
or contact Investor Relations at
InvestorRelations@atlasenergy.com.
Contact:
Investor Relations
(877) 280-2857
(215) 405-2718 (fax)