Atlas Resource Partners, L.P. announced production and capital expenditures guidance for the year 2013. For the year, the company forecasting net production in a range of 51 Bcfe to 56 Bcfe, representing an increase of approximately 50% from annualized third quarter 2012 net production (based on the midpoint of the production range). The increase in production is expected to be generated primarily from further development in ARP's oil and natural gas liquids (NGL) rich operating regions, including the Mississippi Lime, Utica Shale and the Marble Falls region in the Fort Worth Basin (TX).

ARP has increased its oil and gas hedge positions, further stabilizing its production cash flow. The Company has the following hedge positions for 2013: Natural gas: approximately 31 Bcf at an average price of $3.89/mcf (swap and collar positions, excluding basis differential), which represents approximately 90% of revenue derived from natural gas. NGLs: approximately 165,000 bbl at an average price of $92.69/bbl (hedged heavier NGL components using WTI crude swaps).

Crude oil: approximately 373,000 bbl at an average price of $92.30/bbl (swap and collar positions). Based on its current operations forecast, the company anticipates 2013 capital expenditures of approximately $175 million. The capital expenditure forecast is comprised of approximately $145 million for well drilling activities (including ARP's investment in the partnership programs) and approximately $30 million for land acquisition and other uses.

The drilling capital includes approximately $26 million in maintenance capital expenditures.