SOURCE: Atlas Pipeline Holdings, L.P.

October 23, 2007 15:49 ET

Atlas Pipeline Holdings, L.P. Declares Record Quarterly Distribution of $0.32 per Common Limited Partner Unit for the Third Quarter 2007

Current Distribution Represents Approximate 23% Increase From Prior Quarter

PHILADELPHIA, PA--(Marketwire - October 23, 2007) - Atlas Pipeline Holdings, L.P. (NYSE: AHD) ("Atlas Holdings"), which owns the general partner interest and 5.5 million common limited partner units in Atlas Pipeline Partners, L.P. (NYSE: APL) ("APL"), reported today that it has declared a record quarterly cash distribution for the third quarter 2007 of $0.32 per common limited partner unit. This $0.32 per common limited partner unit distribution is payable Monday, November 19, 2007 to holders of record as of Wednesday, November 7, 2007. This quarter's distribution of $0.32 per common limited partner unit represents an approximate 23% increase over the second quarter 2007 distribution of $0.26 per common limited partner unit. The significant sequential increase in distributions primarily reflects the contribution of cash flow from volumes from the Chaney Dell (OK) and Midkiff/Benedum (TX) natural gas gathering and processing systems, of which APL acquired a 95% controlling interest from Anadarko Petroleum Corp. (NYSE: APC) on July 27, 2007.

Atlas Pipeline Holdings, L.P. is a limited partnership which owns and operates the general partner of Atlas Pipeline Partners, L.P., through which it owns a 2% general partner interest, all the incentive distribution rights and approximately 5.5 million common units of Atlas Pipeline Partners.

Atlas Pipeline Partners, L.P. is active in the transmission, gathering and processing segments of the midstream natural gas industry. In the Mid-Continent region of Oklahoma, Arkansas, northern and western Texas and the Texas panhandle, the Partnership owns and operates eight gas processing plants and a treating facility, as well as approximately 7,900 miles of active intrastate gas gathering pipeline and a 565-mile interstate natural gas pipeline. In Appalachia, it owns and operates approximately 1,600 miles of natural gas gathering pipelines in western Pennsylvania, western New York and eastern Ohio. For more information, visit our website at www.atlaspipelinepartners.com or contact bbegley@atlaspipelinepartners.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)