Atlas Resource Partners LP, Philadelphia investor Edward E. Cohen's energy group, says it will issue new securities worth $184 million to pay for 250 billion cubic feet of "proved reserves and associated assets" in Texas' Barnett Shale gas-drilling country from seller Titan Operating LLC, Fort Worth. Statement here.
The deal, approved by Titan's board, is to close in July, and will be effective retroactive to Jan. 1. Atlas plans to fund the deal by selling 3.8 million shares and as many  3-year, $26.03 convertibles to Titan's investors.
JPMorgan was financial adviser, Jones Day and Philadelphia-based Ledgewood served as legal advisors.