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Business
Overview
Atlas Pipeline Partners, L.P.,
(NYSE:APL) (the “Partnership”)
is a publicly-traded, energy master
limited partnership (MLP) engaged
in the transmission, gathering,
and processing of natural gas
in the Mid-Continent United States
and the Appalachian Basin. APL
was formed in August 1999 and
completed its initial public offering
in February 2000. In the Mid-Continent
regions of Oklahoma, Arkansas,
Kansas and Texas, APL owns and
operates 9,100 miles of active
gathering pipeline, eight natural
gas processing plants and one
treatment facility.
In the Appalachian Basin, Atlas
Pipeline and the Williams Companies
(NYSE: WMB) formed a joint venture
(Laurel Mountain Midstream, LLC)
to operate the over 1,800 miles
of natural gas gathering pipelines
in Pennsylvania, New York, Ohio
and Tennessee, to which more than
7,400 wells are currently connected.
The predominant source of gas
that APL gathers in the Appalachian
Basin is from wells operated by
Atlas Energy Resources, LLC (NYSE:ATN).
Relationship
with Affiliated Companies
Atlas Pipeline Holdings, L.P.
(NYSE:AHD) is a limited partnership
which owns and operates the general
partner of APL, through which
it owns a 2% general partner interest,
all the incentive distribution
rights, 15,000 preferred units
and approximately 5.75 million
common units. Atlas America, Inc
(NASDAQ:ATLS) owns 1.1 million
common units of APL and an approximate
64% limited partner interest in
Atlas Pipeline Holdings, L.P.
Atlas America also owns an approximate
48% common unit interest and all
of the Class A and management
incentive interests in Atlas Energy
Resources, LLC.
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