FORT WORTH, Texas, Jan. 13, 2016 /PRNewswire/ -- Atlas
Energy Group, LLC (NYSE: ATLS) ("ATLS" or "the Company") and Atlas
Resource Partners, L.P. (NYSE: ARP) ("ARP"
or "the Partnership") announced today that the New York
Stock Exchange ("NYSE"), on January 7,
2016 and January 12, 2016,
respectively, notified each of ATLS and ARP that it had fallen below the NYSE's
continued listing standards relating to minimum average closing
price of a security less than $1.00
over a consecutive 30-trading-day-period.
As required by NYSE procedures, the Company and the Partnership
will each submit an acknowledgement letter to the NYSE within 10
business days from the receipt of the NYSE notice of its intention
to regain compliance with the listing standards within 6
months.
To regain compliance, the Company and Partnership must achieve a
closing $1.00 unit price on both the
last trading day of any calendar month within the six-month cure
period and at least $1.00 average
unit price over the 30 trading days preceding the end of that
month.
During the 6-month cure period, each of the Company's and the
Partnership's units will continue to be listed and traded on the
NYSE, subject to compliance with other NYSE continued listing
standards.
Cautionary Note Regarding Forward-Looking Statements
Certain matters discussed within this press release are
forward-looking statements. Although each of ATLS and ARP believes the expectations reflected in
such forward-looking statements are based on reasonable
assumptions, they cannot give any assurances that their
expectations will be attained. Such forward-looking
statements include, but are not limited to, statements about ATLS
or ARP's objectives, expectations
and intentions and other statements that are not historical facts.
Forward-looking statements speak only as of the date hereof, and
neither ATLS nor ARP assumes any
obligation to update such statements, except as may be required by
applicable law.
Atlas Energy Group, LLC (NYSE: 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
(http://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 14,500
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
(http://www.atlasresourcepartners.com), or contact Investor
Relations at InvestorRelations@atlasenergy.com.
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SOURCE Atlas Energy Group, LLC