Atlantic Operating Bags $150 Million From Natural Gas Partners
Business Wire
September 17, 2012
Atlantic Operating LLC has closed on a $150 million commitment of equity capital from Natural Gas Partners through its recently closed fund, NGP Natural Resources X L.P.
In addition to the commitment from NGP, Atlantic acquired working interests in producing wells and acreage from over 20 existing working interest owners in Atlantic-operated properties in exchange for membership interests in the newly formed company.
Atlantic is a Midland, Texas-based company, the predecessor of which was founded by its CEO Richard Jennings in 1998. To date, Atlantic has amassed over 20,000 net ...
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