SOURCE: Atlas Pipeline Partners, L.P.

April 28, 2008 06:30 ET

Atlas Pipeline Partners, L.P. Announces Tenark Interstate Pipeline Open Season

TULSA, OK--(Marketwire - April 28, 2008) - Atlas Pipeline Partners, L.P. (NYSE: APL) announces today that its wholly owned subsidiary, Atlas Pipeline Mid-Continent L.L.C. ("Atlas"), through Atlas' affiliate Ozark Gas Transmission, L.L.C. ("Ozark"), has posted a non-binding open season for potential shippers to request firm pipeline capacity on a proposed new natural gas pipeline extension. The proposed natural gas pipeline extension, designated as the Tenark Pipeline Project ("Tenark"), would extend from Ozark's existing interstate natural gas transmission system in White County, Arkansas to points of interconnection with Trunkline Gas Company and Texas Gas Transmission near Dyersburg, Tennessee.

Tenark is expected to consist of approximately 160 miles of 36-inch diameter pipeline, compression and related facilities. The pipeline will extend northeast from Ozark's existing interstate natural gas transmission system in White County, Arkansas to its terminus at interconnections with Trunkline Gas Company (Zone 1B) and Texas Gas Transmission (Zone 2) near Dyersburg, Tennessee. The initial capacity of Tenark is expected to be approximately 700,000 Dth/day with the potential to expand at a later date to a capacity of approximately 1,200,000 Dth/day. The ultimate capacity of Tenark will be determined by the level of shipper commitments. The projected in-service date for Tenark is November 1, 2010.

"Tenark will present Fayetteville Shale natural gas producers, who have rapidly growing natural gas supplies, with a new pipeline outlet providing market diversity and competitive netbacks. Tenark will be an alternate path to major pipeline interconnects with available downstream capacity to northern markets," said Steven R. Winston, president of Ozark Gas Transmission, L.L.C.

The Tenark Open Season began on Friday, April 25, 2008 at 8:00AM (CT) and will close on Thursday, May 15, 2008 at 5:00PM (CT). Open season documents may be found on Ozark Gas Transmission, L.L.C.'s web site at www.latec.com/ozark/.

For additional information concerning this non-binding open season please contact Steve Herber (918) 574-3901 or Robert Mason at (918) 574-3904.

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.

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
    (215) 546-5005
    (215) 553-8455 (fax)