Last $46.52 USD
Change Today -0.52 / -1.11%
Volume 479.8K
ATHL On Other Exchanges
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Stuttgart
As of 1:38 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

420 Throckmorton Street

Suite 1200

Fort Worth, TX 76102

United States

Phone: 817-984-8200

Fax: 817-984-8217

Athlon Energy Inc., an independent exploration and production company, focuses on the acquisition, development, and exploitation of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. Properties The Permian Basin spans portions of Texas and New Mexico, and includes three primary sub-basins, such as the Delaware Basin, the Central Basin Platform, and the Midland Basin. The company’s properties are located within the Midland Basin in areas with approximately 3,000 feet to 4,000 feet of stacked pay zones. Its drilling activity is focused on the low-risk vertical development of stacked pay zones, including the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, Atoka, and Mississippian formations, which it refers to collectively as the Wolfberry play; and horizontal development of the Wolfcamp. During 2013, the company drilled 171 gross (165 net) operated vertical Wolfberry wells and commenced drilling 4 gross (4 net) operated horizontal Wolfcamp wells. As of December 31, 2013, the company had 127,840 gross (104,059 net) acres and an inventory of 2,232 gross (1,784 net) identified vertical drilling locations based on 40-acre spacing, as well as an additional 2,616 gross (2,124 net) identified vertical drilling locations based on 20-acre spacing. As of December 31, 2013, the company also identified 1,065 gross (964 net) horizontal drilling locations consisting of 327 gross (295 net) Wolfcamp A locations, 362 gross (330 net) Wolfcamp B locations, 136 gross (127 net) Wolfcamp C locations, and 240 gross (212 net) Cline locations. The company is operating eight vertical drilling rigs and one horizontal drilling rig. As of December 31, 2013, the company had 127.3 million barrels of oil equivalent of proved reserves, including 71.2 MMBbls of oil, 30.7 MMBbls of natural gas liquids, and 152.2 Bcf of natural gas. The company expects to drill 205 gross vertical Wolfberry wells and 21 gross horizontal Wolfcamp wells during 2014. As of December 31, 2013, the company owned an average 96% working interest in 647 gross (622 net) productive oil wells. Customers For 2013, two purchasers accounted for approximately 10% of the company’s revenues, such as High Sierra Crude Oil & Marketing, LLC (46%) and Occidental Petroleum Corporation (27%). Business Strategy The major elements of the company’s strategy are to improve reserves and production with its multi-year inventory of low-risk vertical drilling locations; and evaluate and pursue oil-weighted acquisitions where the company could add value through its technical expertise and knowledge of the basin. Regulation The company is in material compliance with the requirements of the Federal Water Pollution Control Act of 1972, as amended, also known as the Clean Water Act; and the Oil Pollution Act. History Athlon Energy Inc. was founded in 2010.

 

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Industry Analysis

ATHL

Industry Average

Valuation ATHL Industry Range
Price/Earnings 79.1x
Price/Sales 10.4x
Price/Book 3.7x
Price/Cash Flow 27.9x
TEV/Sales 7.7x
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