As part of the deal, Atlas will also acquire certain of its subsidiaries.
Currently, the assets are producing around 22 million cubic feet equivalents per day from about 400 active wells, while expected decline rate in production is about 10-12%.
Atlas Resource Partners CEO Edward Cohen said the company expects to pursue further opportunities to increase distributable cash flow and enhance assets.
"These assets are situated in one of our core operating areas, the Appalachian Basin, where we currently manage substantial natural gas and oil production," Cohen added.
Atlas, which owns an interest in around 13,000 producing natural gas and oil wells, operates in Barnett shale Appalachian, Barnett, Raton and Black Warrior basins.
