PITTSBURGH, April 14, 2015 /PRNewswire/ -- Atlas Energy
Group, LLC (NYSE: ATLS) ("Atlas Energy Group" or "ATLS") and Atlas
Resource Partners, L.P. (NYSE: ARP) ("Atlas Resource Partners" or
"ARP") announces today changes in executive management at both
companies.
Edward E. Cohen will continue to
serve as the Chief Executive Officer of Atlas Energy Group. The
Executive Committee of Atlas Energy Group will be comprised of
Jonathan Z. Cohen (Executive
Chairman of Atlas Energy Group), Edward E.
Cohen and Daniel C. Herz.
Matthew A. Jones, who has served in
senior positions with Atlas since 2005, will be retiring.
The following appointments to executive management were
made:
- Daniel C. Herz has been
appointed President of Atlas Energy Group and Chief Executive
Officer - Atlas Resource Partners
- Mark D. Schumacher has been
appointed President - Atlas Resource Partners
- Dave E. Leopold has been
appointed Chief Operating Officer - Atlas Resource Partners
Ed Cohen commented, "The
expertise and enthusiasm from Daniel, Mark and Dave to further grow
our enterprises will greatly benefit our companies and position us
well to pursue our strategic initiatives. All three individuals
have exhibited strong dedication to Atlas and I expect that this
commitment will continue to serve our stakeholders in the future."
Ed Cohen added, "I want to thank
Matt Jones for of his tremendous
contributions over the years to the Atlas companies. We wish Matt
all the best in his well-earned retirement."
Daniel Herz has been Senior Vice
President of Corporate Development and Strategy for ATLS and its
predecessors since 2007, and was Vice President of Corporate
Development from 2004 through 2007. Mr. Herz served as
Senior Vice President of Corporate Development of Atlas Pipeline
Partners from August 2007 until its
sale to Targa Resources in February
2015, and Vice President of Corporate Development from
December 2004 until August 2007. Mr. Herz also served as Senior Vice
President of Corporate Development of Atlas Energy, Inc. and Atlas
Energy Resources, LLC from August
2007 until its sale to Chevron Corporation in February 2011, and Vice President of Corporate
Development from December 2004 until
August 2007.
Mark Schumacher has served as
Chief Operating Officer of ARP since October
2013 and Executive Vice President from July 2012 to October
2013. Prior to Atlas, Mr. Schumacher served as
President of Titan Operating, LLC, an enterprise based in the
Barnett Shale which was acquired by ARP in July 2012. Mr.
Schumacher also held previous management positions at EnCana
Oil & Gas (USA) Inc. and
Union Pacific Resources.
Dave Leopold has recently served
as Senior Vice President of Operations at ARP. Prior to Atlas, Mr.
Leopold was Operations Manager for Chesapeake Energy where he led
the Barnett Shale operations team to help develop the second
largest position in the basin. In addition, Mr. Leopold previously
served in management roles at Anadarko Petroleum.
Atlas Energy Group, LLC (NYSE: ATLS) is a master
limited partnership which owns the following interests: all of the
general partner interest, incentive distribution rights and an
approximate 28% 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 its private E&P development subsidiary; 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.
Atlas Resource Partners, L.P. (NYSE: ARP) is an
exploration & production master limited partnership which owns
an interest in over 14,000 producing 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.
Cautionary Note Regarding Forward-Looking
Statements
Certain matters discussed within this press release are
forward-looking statements. Although Atlas Resource Partners,
L.P. believes the expectations reflected in such forward-looking
statements are based on reasonable assumptions, it can give no
assurance that its expectations will be attained. Atlas
Resource Partners does not undertake any duty to update any
statements contained herein (including any forward-looking
statements), except as required by law. This document contains
forward-looking statements that involve a number of assumptions,
risks and uncertainties that could cause actual results to differ
materially from those contained in the forward-looking
statements. ARP cautions readers that any forward-looking
information is not a guarantee of future performance. Such
forward-looking statements include, but are not limited to,
statements about future financial and operating results, resource
potential, ARP's plans, objectives, expectations and intentions and
other statements that are not historical facts. Risks, assumptions
and uncertainties that could cause actual results to materially
differ from the forward-looking statements include, but are not
limited to, those associated with general economic and business
conditions; ARP's ability to realize the benefits of its
acquisitions; changes in commodity prices; changes in the costs and
results of drilling operations; uncertainties about estimates of
reserves and resource potential; inability to obtain capital needed
for operations; ARP's level of indebtedness; changes in government
environmental policies and other environmental risks; the
availability of drilling equipment and the timing of production;
tax consequences of business transactions; and other risks,
assumptions and uncertainties detailed from time to time in ARP's
reports filed with the U.S. Securities and Exchange Commission,
including quarterly reports on Form 10-Q, current reports on Form
8-K and annual reports on Form 10-K. Forward-looking statements
speak only as of the date hereof, and we assume no obligation to
update such statements, except as may be required by applicable
law.
Contact:
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Brian
Begley
|
|
Vice President -
Investor Relations
|
|
(877)
280-2857
|
|
(215) 405-2718
(fax)
|
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SOURCE Atlas Resource Partners, L.P.