Seeking Alpha

Athlon Energy in 12.5M-share offering, says Q2 production hit new record

  • Athlon Energy (NYSE:ATHL) announces a public offering of 12.5M common shares by certain selling stockholders that are funds affiliated with Apollo Global Management; the underwriters have a 30-day option to purchase up to an additional 1.875M shares.
  • Also, ATHL says Q2 average daily production reached a record high of 21.9K boe/day, up 96% Y/Y; output averaged 25K boe/day during June.
  • Says its second horizontal Wolfcamp A well was completed and achieved a peak three-phase 30-day rate of 1,234 boe/day (82% oil).
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