SOURCE: Atlas Pipeline Partners, L.P.

November 15, 2007 08:00 ET

Atlas Pipeline Partners, L.P. Reports Update to Its Hedge Positions

PHILADELPHIA, PA--(Marketwire - November 15, 2007) - Atlas Pipeline Partners L.P. (NYSE: APL) (the "Partnership") reported today an update to its hedge positions for certain hydrocarbon volumes that it expects to generate in its Mid-Continent processing operations. These new hedging contracts are in addition to those contracts previously reported by the Partnership in its third quarter 2007 earnings release and 10-Q SEC filing.

The following crude oil costless collars were recently added to the Partnership's hedge position:

Year       Volume Hedged     Floor          Ceiling
2H 2010    402,000 bbls      $65.00/bbl     $99.80/bbl
2011       480,000 bbls      $70.00/bbl     $93.60/bbl
2012       300,000 bbls      $70.00/bbl     $94.80/bbl

Based on third quarter 2007 natural gas liquids and condensate production, the additional volumes hedged represent approximately 9%, 6% and 4%, respectively, of the second half 2010, full year 2011 and full year 2012 periods.

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 Pipeline Holdings, L.P. (NYSE: AHD) 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 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 48% 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.

Certain matters discussed within this press release are forward-looking statements. Although Atlas Pipeline Partners, L.P. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, inability of the Partnership to successfully integrate the operations at the acquired systems, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in Atlas Pipeline’s reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.

Contact Information

  • Contact:
    Brian Begley
    Investor Relations
    1845 Walnut Street - Suite 1000
    Philadelphia, PA 19103
    (215) 546-5005
    (215) 553-8455 (fax)