November 11, 2014 Comments (0) Publications

Reuters Special Report: For these oil and gas bets, the odds favor the house

(Last Updated On: July 17, 2015)

Atlas Energy LP has a deal for investors eager to get in on the U.S. energy boom: Contribute at least $25,000 in a partnership that will drill for oil and gas in Texas, Ohio, Oklahoma and Pennsylvania and then share any revenue from the wells’ output.

Atlas Resources LLC, a subsidiary of the Pittsburgh, Pennsylvania-based energy group, aims to raise as much as $300 million before the offer closes Dec. 31. The company says it will toss in up to $145 million of its own capital, too.

But not all investors are created equal in this undertaking. Atlas’s confidential offering memorandum, reviewed by Reuters, shows why.

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