Acquired by EnCana
Industries EnergyNatural ResourcesOil and GasHeadquarters Regions Dallas/Fort Worth Metroplex, Southern US Closed Date Nov 13, 2014 Founded Date 2010 Founders Kevin N Treadway Operating Status Closed
Stock Symbol NYSE:ATHL Company Type For Profit
Phone Number 817-984-8200
Athlon Energy is an independent exploration and production company focused on the acquisition, development and exploitation of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. Our drilling activity is currently focused on the low-risk vertical development of the Wolfberry play in the Midland Basin.
With an average of
approximately 20 years of industry experience and 10 years of history working together, our founding management has a proven track record of working as a team to acquire, develop and exploit oil and natural gas reserves in the Permian Basin as well as other resource plays in North America. Athlon formed a partnership with affiliates of Apollo Global Management, LLC (NYSE: APO) in August 2010 to pursue the acquisition and development of long-lived oil and natural gas properties in the onshore United States.
We are a returns-focused organization and have targeted the Wolfberry play in the Midland Basin because of its favorable operating environment, consistent reservoir quality across multiple target horizons, long-lived reserve characteristics and high drilling success rates. The management team seeks to add value to its properties by deploying its significant operating experience and exploitation skills to expand reserves and production through enhanced recovery techniques, low-risk drilling and operational efficiencies.
Transaction Name Athlon Energy acquired by EnCanaAcquired by EnCanaAnnounced Date Sep 30, 2014 Price $7.1B