So far this year, the Midcontinent, Rockies Mountains and onshore Gulf Coast have generated the most activity and deal value.
With the acquisition, the company is now operating in a majority of the key energy resource plays in the U.S.
E&P borrowers often forget the strings (and sometimes ropes) that come with capital.
The deal adds roughly 30% of reserves to the company’s 19.1 MMboe.
The remainder of Atlas Energy's E&P holdings will be spun off before they are acquired by Targa Resources.
Crude will account for more than 25% of the company’s total volume as it executes on the strategy.