Atlas Resource 3Q13: Production Up, Losses (Way) Up Too

Atlas Resource Partners is a Pittsburgh-based exploration and production (E&P) company with active drilling operations not only in the Marcellus/Utica region but another four resource plays as well. Production for the company has gone up--way up--in 3Q13 thanks to newly acquired acreage and operations, but also due to more wells going online in the Marcellus/Utica. However, the company's financials continue to be troubled. They show a net loss of $39.7 million for 3Q13--which is almost 4x the loss for the same period last year. Revenue was up for Atlas in 3Q13 (that's a good thing), but costs and expenses rose even more (that's a bad thing). Selected portions of the Atlas 3Q13 update:

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