Atlas Energy Resources: IPAA Oil & Gas Investment Symposium Presentation Transcript

Executives
Rich Weber - President and CEO
Matt Jones - CFO

Analysts
Bill Moyer

Presentation
Bill Moyer

If everybody could take a seat, we will go ahead and get started. It's a pleasure for me to announce and introduce Rich Weber, who is President and CEO of Atlas Energy Resources. He will be presenting today along with his colleagues and they will be in break room after directly following this presentation. So, please welcome Rich.

Rich Weber

Thank you very much. We're pleased to be here at the IPAA conference. We're a new company. We just went public back in December, but obviously you are probably all familiar with our affiliates, Atlas America, Inc. and Atlas Pipeline Partners.

We'll start with our investment highlights. Our mission at Atlas Energy Resources is to generate predictable tax-advantage distributions through our unit holders and to grow our distributions per unit while maintaining our low risk profile.

Our distributions are protected by three basic attributes. We drill almost all of our wells through syndicated drilling programs. These programs generate substantial upfront and ongoing fees and we get a carried interest in these programs. And as a result, we're able to enhance our rates of return on capital, while lowering the risks of our cash flows.

Secondly, almost all of our activities, all of our activities I should say are in the Appalachian Basin, where the drilling is low risk, 98% of the wells are drilled commercially successful, and we create long-lived natural gas reserves. And lastly, we aggressively hedge our production to minimize our exposure to commodity risk.

At the same time, we intend to create unit price appreciation by growing our distributions per unit and we really see three ways that we are going to be able to do that. First of all, we want to continue our expansion of our investment programs, which I will speak to in a minute. This is something that we have been able to do consistently over the last several years and we have been able to grow our company organically through the expansion of our programs.

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