SOURCE: Atlas Pipeline Partners, L.P.

April 26, 2007 18:04 ET

Atlas Pipeline Partners, L.P. Declares Quarterly Distribution of $0.86 per Common Limited Partner Unit for the First Quarter 2007

PHILADELPHIA, PA -- (MARKET WIRE) -- April 26, 2007 -- Atlas Pipeline Partners, L.P. (NYSE: APL) (the "Partnership") reported today that it has declared a quarterly cash distribution for the first quarter 2007 of $0.86 per common limited partner unit, payable May 15, 2007 to holders of record as of May 8, 2007. This brings distributions declared per common limited partner unit for the last twelve months to $3.42, an increase of $0.17, or 5%, from the prior twelve-month period ended March 31, 2006.

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 Texas and the Texas panhandle, the Partnership owns and operates approximately 1,900 miles of active intrastate gas gathering pipeline and a 565-mile interstate natural gas pipeline. The Partnership also operates three gas processing plants and a treating facility in Velma, Elk City, Sweetwater and Prentiss, Oklahoma where natural gas liquids and impurities are removed. In Appalachia, it owns and operates approximately 1,500 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 the parent company of Atlas Pipeline Partners, L.P.'s general partner and owner of 1,641,026 limited partner units of Atlas Pipeline Partners, L.P. For more information, please contact investor relations at bbegley@atlasamerica.com.

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. Atlas America also owns an 83% interest in Atlas Pipeline Holdings, L.P.

Contact Information

  • Contact:
    Brian Begley
    Investor Relations
    1845 Walnut Street
    Philadelphia, PA 19103
    (215) 546-5005
    (215) 546-4785 (facsimile)