SOURCE: Atlas Energy Resources, LLC

October 23, 2007 16:57 ET

Atlas Energy Resources, LLC Announces Record Distribution of $0.55 per Common Unit for the Third Quarter 2007

Current Distribution Represents Approximate 28% Increase From Prior Quarter

PITTSBURGH, PA--(Marketwire - October 23, 2007) - Atlas Energy Resources, LLC (NYSE: ATN) reported today that it has declared its record quarterly cash distribution for the third quarter 2007 of $0.55 per common unit. This $0.55 per common unit distribution is payable Wednesday, November 14, 2007 to holders of record as of Wednesday, November 7, 2007. This quarter's distribution of $0.55 per common unit represents an approximate 28% increase over the second quarter 2007 distribution of $0.43 per common unit. The significant sequential increase in distributions primarily reflects the contribution of cash flow from natural gas production in the Antrim Shale in Michigan, which was acquired from DTE Energy Company (NYSE: DTE) on June 29, 2007.

Atlas Energy Resources, LLC is an energy concern focused on the development and production of natural gas and, to a lesser extent, oil principally in Michigan and Appalachian Basins. Atlas Energy sponsors and manages tax advantaged investment partnerships, in which it co-invests, to finance the exploration and development of its acreage in the Appalachian Basin and drills on its own account in the Antrim Shale of Michigan. For more information, visit Atlas Energy's website at www.atlasenergyresources.com or contact investor relations at bbegley@atlasamerica.com.

Atlas America, Inc. (NASDAQ: ATLS) owns an approximate 64% limited partner interest in Atlas Pipeline Holdings, L.P., which holds the general partner interest and 5.5 million limited partner units of Atlas Pipeline Partners, L.P., and an approximate 49% common unit interest and all of the Class A and management incentive interests in Atlas Energy Resources, LLC (NYSE: ATN). For more information, please visit our website at www.atlasamerica.com, or contact Investor Relations at bbegley@atlasamerica.com.

Contact Information

  • Contact:
    Brian Begley
    Investor Relations
    1845 Walnut Street
    Philadelphia, PA 19103
    (215) 546-5005
    (215) 561-5692 (facsimile)