Atlas Resource Partners LP (ARP), or ARP, reported Friday agreeing to acquire approximately 277 bcfe of proved reserves, located in Texas's Barnett Shale, from Carrizo Oil & Gas Inc. (CRZO) for a consideration of approximately $190 million. The transaction may close in late April.
Further, an immediate boost is expected to ARP's adjusted EBITDA, thanks to which the company anticipates second-half adjusted EBITDA of between $40 and $45 million. Additionally, ARP upped its second-half distribution guidance to a range of $0.85 to $0.90 per unit from the earlier $0.80 per unit, as implied by the annualized rate of $1.60 per unit.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.