Chief Operating Officer
Atlas Pipeline Partners
1521 Locust St. - 4th Floor
Philadelphia, PA 19102
(215) 546-5388 (facsimile)
Atlas Pipeline Partners, L.P. Ranked Number 3 I.P.O. Of 2000 For Six-Month Performance
Philadelphia, PA, January 12, 2022 - Atlas Pipeline Partners L.P. (AMEX:APL) (the "Partnership") announces that IPO SECrets Newsletter, dated January 10, 2001, has rated the Partnership as the third best performing Initial Public Offering of 2000 over the past 6 months with a 63% gain in the value of its limited partnership common unit.
Michael Staines, Chief Operating Officer of the Partnership said, "It is very exciting to be able to reward our initial investors' confidence in our Partnership - even more so in that our performance from inception, together with $1.28 in distributions to our limited partners over the past three quarters, results in a 73% return to date on the initial investment, a return which is substantially tax sheltered. The continued strong demand for natural gas delivered from our operating area is an encouraging sign for the future success of our Partnership."
Atlas Pipeline Partners, L.P. owns and operates more than 1000 miles of natural gas gathering pipelines in western Pennsylvania, western New York and eastern Ohio. The Partnership is paid a fee for the natural gas volumes that are gathered and transported through its pipeline system from approximately 3,300 wells that are currently connected to the system.
Resource America, Inc. (Nasdaq:REXI), through its wholly owned subsidiary, Atlas America, Inc., is the owner of the Partnership's general partner and a 52% owner of the Partnership's common units.
Statements made in this release may include forward-looking statements, which involve substantial risks and uncertainties. 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 competition within the energy industry, climactic conditions and the price of gas in the Appalachian area, actual versus projected volumetric production from wells connected to the Partnership's gas-gathering pipeline system, and the cost of supplies and services in the energy industry.