Atlas Energy’s Oil and Gas Private Placement May Not Be Such a Good Investment for Outside Investors

Atlas Energy LP邀请投资者将至少25,000美元的石油和天然气钻探合作伙伴关系投入Texas和其他州以换取来自井产量的共同收入。它的子公司Atlas Resources LLC计划在今年年底之前筹集高达3亿美元，该公司表示，它将投入多达1.45亿美元的自己的钱。但是，根据Reuters, a closer look at the company’s confidential offering memorandum reveals that outside investors may not end up reaping as much as they think.

私人企业称为Atlas Resources Series 34-2014 LP。私人位置是通过经纪公司未注册的证券出售给有限数量的投资者。bob200体育经纪人只能向认可的投资者（拥有100万美元的资产主要住宅的投资者（未包括或250,000美元的收入）或机构的投资者销售。由于通货膨胀，有资格投资私人安置的人的数量增加了，并不是每个投资者都是高收入的人。甚至有退休人员现在有资格。

According to the Atlas memorandum, $45 million of the money raised will go to Anthem Securities, an affiliate, to pay commissions to brokerage firms. Up to $39 million will go toward purchasing drilling leases from a different affiliate. Some of the $53 million for transport and drilling equipment may also go to affiliated suppliers. $8 million is a markup for estimated equipment costs. Atlas will get $53 million for markups and fees once drilling starts. All this lowers Atlas’s exposure by at least 40%. Once revenue starts coming in, the company is entitled to 33% of this.

在查看了过去15年的营销材料并提供了六个石油和天然气私人位置的备忘录之后，路透社发现，Atlas的交易使发行人比外部投资者更有优势，这并不少见。在过去30年中，在其43个私人位置中，超过一半，外部投资者违反或持续了经济损失。在29项私人安置交易中，阿特拉斯（Atlas）的表现要比投资者更好。

能源风险通常是高风险。井最终无法产生任何生产，回报可能会受到天然气和石油成本的影响。当然，有税收优惠，投资者能够注销第一年的最初支出的90％以上。但是，风险可能超过利益。

It doesn’t help that brokers, who are supposed to conduct due diligence on every issue they sell to make sure it is suitable for each investor, sometimes depend on due diligence companies that are paid by the issuers. Regulators still don’t have much oversight over private placements, which are not subject to a lot of reporting requirements. Also, oil and gas private placements often come with hidden fees.

If you suspect you were the victim of fraud, contact one of our private placement fraud law firm today. Shepherd Smith Edwards and Kantas LTD LLP is aTexas securities law firm.

特别报告：对于这些石油和天然气下注，2014年11月11日，路透社的赔率有利的众议院

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