• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Atlas Pipeline Partners, L.P. Announces Opening of the Sweetwater Processing Facility and Gathering Systems

Posted on: Wednesday, 27 September 2006, 15:01 CDT

Atlas Pipeline Partners L.P. (NYSE: APL) (the "Partnership") announces today that its new 120 million cubic feet per day ("Mmcf/d") cryogenic gas processing plant and gathering systems in Beckham County, Oklahoma ("Sweetwater plant") is now operational. The Sweetwater plant is located approximately 30 miles west of the Partnership's Elk City processing plant, and will further access natural gas production actively being developed in western Oklahoma and the Texas panhandle. Initially, the Sweetwater plant will have inlet volume of approximately 80 Mmcf/d.

"We are very pleased to have the Sweetwater plant operational, as this facility demonstrates our commitment to strategic organic projects as a means to profitable growth," stated Edward E. Cohen, Chairman and Chief Executive Officer of the general partner of the Partnership.

Robert R. Firth, President, Mid-Continent operations, stated, "The Sweetwater plant expands our footprint in the region and provides state-of-the-art processing services to our customers in the area."

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 2,565 miles of intrastate gas gathering pipeline and a 565-mile interstate natural gas pipeline. The Partnership also operates two gas processing plants and a treating facility in Velma, Elk City 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.

The Partnership's actual results, performance or achievements could differ materially from those expressed or implied in this release as a result of certain factors, including the price of gas in the Mid-Continent area, actual versus projected volumetric production from wells in the area to be served by the new plant, the NGL content of the natural gas processed and other factors disclosed under "Risk Factors" in our most recent 10-K.

 Contact: Brian Begley Investor Relations 1845 Walnut Street - Suite 1000 Philadelphia, PA  19103 (215) 546-5005 (215) 561-5692 (facsimile)  

SOURCE: Atlas Pipeline Partners, L.P.

Source: MARKET WIRE

More News in this Category