Just Released: "M&A Deal Analysis - Atlas Energy to Sell 120,000 Acres in the Marcellus Shale"

June 12, 2010 - PRLog -- Atlas Energy, Inc. (Atlas Energy), has completed its plans to sell 40% undivided interest in approximately 300,000 acres, (120,000 net acres) to Reliance Industries Limited (Reliance), for a consideration of $1.7 billion. Out of the total consideration, Reliance will pay approximately $340 million in cash upon closing and an additional $1.36 billion in the form of a drilling carry. Following the transaction, Atlas Energy will hold 60% interest and Reliance will hold the remaining 40% interest in the acreage. Atlas Energy will serve as the development operator for the joint venture. Reliance will have the option to operate in certain project areas in the coming years outside of Atlas Energy's core operating areas of Fayette, Greene, Washington, and Westmoreland Counties in southwestern Pennsylvania. Atlas Energy and Reliance have agreed upon a five-year development plan that calls for the drilling of 45 horizontal Marcellus Shale wells for the joint venture during the remainder of 2010, increasing to 108 wells in 2011, 178 wells in 2012, and 300 wells in 2013 and 2014. Jefferies & Company, Inc., and J.P. Morgan Securities Inc. are acting as financial advisors and Jones Day, Ledgewood and Wachtell, Lipton, Rosen & Katz are acting as legal advisor to Atlas Energy with respect to the transaction. The transaction is subject to certain closing conditions, including the consent of participating lenders under Atlas Energy's senior secured credit facility. The transaction is expected to complete in April 2010. The transaction implies deal value of $14,166.67 per acre of land.

Scope

* Rationale behind Atlas Energy's Divestiture of the Marcellus Shale Acres
* Strategic Benefits for Reliance Industries Limited in Acquiring Atlas Energy's stake in the Marcellus Shale Acres
* Geography covered - US
* Deal Financials and Valuations
* Information on Stingray Marcellus shale assets, Reliance Industries Limited and Atlas Energy Inc

Reasons to buy

* Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry
* Identify the most lucrative segments to leverage on the growth oppurtunities available in the US oil & gas market
* Get a detailed analysis of a deal to enable you to take better decisions
* Know about the major companies, which are adopting a divestment or acquisition strategy to enhance their business portfolios
* Learn about the key fiancial advisors in a particular segment in the Oil & Gas Industry
* Understand the various means of raising funds from the market.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/65569_mergers_acquisitions_dea...

Report Table of Contents:

1 Table of Contents 1
1.1 List of Tables 1
1.2 List of Figures 1
2 Atlas Energy to Sell 120,000 Acres in the Marcellus Shale 1
2.1 Deal Overview 1
2.2 Deal in Brief 1
2.3 Reliance is Acquiring Marcellus Shale Acres to Geographically Expand its Footprints and Diversify Its Business Portfolio 2
2.4 Atlas Energy is Divesting its Assets to Further Consolidate its Marcellus Shale Position Jointly with Reliance 2
2.5 Deal Financials 3
2.6 Deal Rationale 3
2.7 Advisor Information 3
2.8 Detailed Target Information 3
2.9 Acreage Information 3
2.10 Transaction Implied Values 3
2.11 Detailed Acquirer Information 4
2.12 Detailed Vendor Information 4
3 Appendix 5
3.1 About Energy eTrack 5
3.2 Methodology 5
3.3 Contact Us 6
3.4 Disclaimer 6

1.1 List of Tables
Table 1: Deal Overview 1
Table 2: Financials of the Deal, 2010 3
Table 3: Advisor Information 3
Table 4: Target Information 3
Table 5: Target's Acreage Information, 2010 3
Table 6: Transaction Implied Values, 2010 3
Table 7: Acquirer Information 4
Table 8: Vendor Information 4

1.2 List of Figures
Figure 1: Reliance, Marcellus Shale Map, Post Acquisition, 2010 2
Figure 2: Atlas Energy, Operations Map, 2010 3
Figure 3: GlobalData Methodology 5

About GlobalData

GlobalData is a leading provider of global business intelligence including market, competitor, product and customer information. It provides in-depth research, analysis, data and forecasts through a range of interactive online databases, reports and management briefings. GlobalData has a large team of experienced research and analysis, consulting, and marketing experts. It has a global presence, including key offices in the US, Europe and Asia. The group has over 50 years of experience of delivering market intelligence data and analysis and a highly experienced senior management team.  View more research from GlobalData at http://www.fastmr.com/catalog/publishers.aspx?pubid=1015

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.