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

Posted on: Wednesday, 27 September 2006, 18:00 CDT

Atlas America, Inc. (NASDAQ: ATLS) (the "Company") announced today the opening of Atlas Pipeline Partners, L.P.'s (NYSE: APL) (the "Partnership") new 120 million cubic feet per day ("Mmcf/d") cryogenic gas processing plant and gathering systems in Beckham County, Oklahoma ("Sweetwater plant"). The new 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," said Edward E. Cohen, Chairman and Chief Executive Officer of the Company.

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

Atlas America, Inc., is an energy company engaged primarily in the development and production of natural gas in the Appalachian Basin for its own account and for its investors through the offering of tax-advantaged investment programs. Atlas America also owns an 83% interest in Atlas Pipeline Holdings, L.P. (NYSE: AHD), a limited partnership which owns a 2% general partner interest in Atlas Pipeline Partners, L.P. (NYSE: APL), all the incentive distribution rights in APL and 1,641,026 common units of APL. For more information, please visit our website at www.atlasamerica.com, or contact Investor Relations at bbegley@atlasamerica.com.

Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Atlas America, Inc. 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, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in the Company's reports filed with the SEC, including quarterly reports on Form 10Q, reports on Form 8-K and annual reports on Form 10-K.

 Contact: Brian Begley Investor Relations Atlas America, Inc. 1845 Walnut St. - Suite 1000 Philadelphia, PA 19103 (215) 546-5005 (215) 546-5388 (facsimile)  

SOURCE: Atlas America, Inc.

Source: MARKET WIRE

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