SOURCE: Atlas Energy Resources, LLC

January 24, 2007 18:45 ET

Atlas Energy Resources, LLC Announces Initial Quarterly Distribution of $0.06 per Common Unit for the Fourth Quarter 2006

PHILADELPHIA, PA -- (MARKET WIRE) -- January 24, 2007 -- Atlas Energy Resources, LLC (NYSE: ATN) ("Atlas Energy") reported today that it has declared its initial quarterly cash distribution for the fourth quarter 2006 of $0.06 per common unit, which represents a pro-rated distribution of $0.42 per common unit for the period from December 18, 2006, the date of our initial public offering, through December 31, 2006. This $0.06 per common unit distribution, which is the initial cash distribution made by Atlas Energy, is payable February 14, 2007 to holders of record as of February 7, 2007.

Atlas Energy Resources, LLC is an energy company focused on the development and production of natural gas and, to a lesser extent, oil principally in the Appalachian Basin. Atlas Energy sponsors and manages tax advantaged investment partnerships, in which it co-invests, to finance the exploitation and development of its acreage.

Atlas America, Inc. (NASDAQ: ATLS) owns an 80% common unit interest and all of the Class A and management incentive interests in Atlas Energy Resources, LLC.

Statements made in this release include forward-looking statements, which involve substantial risks and uncertainties. Atlas Energy's actual results, performance or achievements could differ materially from those expressed or implied in this release.

Contact Information

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