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
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.