Atlas Pipeline Partners, L.P. (APL) Message Board

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Gold/Mining/Energy : Atlas Pipeline Partners, L.P. (APL)

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To: leigh aulper who wrote ()	2/9/2000 1:28:00 PM
From: leigh aulper	of 2

PHILADELPHIA--(BUSINESS WIRE)--Feb. 8, 2000--Atlas Pipeline Partners, L.P. (AMEX:APL - news; the ``Partnership') announced that Atlas America, Inc. (``Atlas'), a subsidiary of Resource America, Inc. (NASDAQ:REXI - news) has drilled and connected 75 natural gas development wells to the Partnership's gas gathering system. Initial gas production from these wells is expected to be more than 6 million cubic feet of gas per day. Atlas Pipeline Partners, L.P. owns and operates approximately 890 miles of gas gathering pipelines in western Pennsylvania, western New York and eastern Ohio. The Partnership is paid a fee for the volume of natural gas that is gathered and transported through its pipeline system. There are approximately 3,000 wells connected to the system with a daily throughput in excess of 45 million cubic feet of gas. Atlas America, Inc. holds an approximate 53% interest in the Partnership through a subsidiary that acts as General Partner of the Partnership.

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