Atlas Energy Raises Over $200MM in '08 Year-End Drilling Program
Atlas Energy has completed the sale of its year end drilling program with subscriptions for $201,551,000 in investor capital. This represents a 23.3% increase from the 2007 year end program, which raised $163,459,000. Atlas Energy raised $437,992,000 in new investor drilling funds during calendar 2008, which was an increase of approximately $74.5 million, or 20.5%, compared with funds raised in 2007. Drilling for the current program commenced in late November 2008.
Atlas Energy's subsidiary serves as managing general partner of the partnership.
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