Atlas Resource Partners, L.P. (NYSE:ARP) announced the purchase of additional acreage prospective for the Mississippi Lime in Oklahoma. The company now has 19,800 net acres under lease.
Atlas Resource Partners, L.P. will pay $40 million for a 50% interest in 8,500 net acres owned by Equal Energy, Ltd. The leasehold includes production of 8 million cubic feet of natural gas equivalents per day and salt water disposal infrastructure.
Atlas Resource Partners, L.P. said that the acquired acreage is in Alfalfa, Garfield and Grant Counties in Oklahoma and is mostly held by production.
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