Atlas Pipeline Partners, L.P. Declares Record Distribution
of $.67 Per Common Unit for the Second Quarter
Philadelphia, PA, June 20, 2022 - Atlas
Pipeline Partners L.P. (AMEX:APL) (the "Partnership")
announces that the Managing Board of Directors of its General
Partner has declared a quarterly distribution for the period
ending June 30, 2022 in the amount of $.67 per common unit -
an increase of 49% over the $.45 per common unit distribution
for the quarter ended June 30, 2000.
The distribution will be paid on August 10, 2022
to unit holders of record at the close of business on June 29,
Michael Staines, President and Chief Operating
Officer of the Partnership said, "The pipeline operations of
the Partnership continue to perform well. We have recently completed
improvements that have already resulted in significantly higher
gas throughput. Gas prices, on which the Partnership's revenue
is based, continue to remain strong but, as expected, have moderated
somewhat from the unusually high prices of January and February
this year. I expect the Partnership's operating performance
to remain strong in the coming third quarter."
Atlas Pipeline Partners, L.P. owns and operates
approximately 1,100 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. Atlas America, Inc., an affiliate of our General Partner
and a wholly owned subsidiary of Resource America, Inc. (Nasdaq:REXI)
owns an interest in and operates approximately 3,000 of the
wells currently connected to our system.
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 drilling activity and volumetric production from wells
connected to the Partnership's gas-gathering pipeline system,
and the cost of supplies and services in the energy industry.