Philadelphia, PA, June 21, 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 $.535 per common unit.
The distribution will be paid on August 8, 2022 to unit holders of record at the close of business on June 28, 2002.
Michael Staines, President and Chief Operating Officer stated: “I am pleased to announce our distribution for the second quarter of 2002 of $.535 per common unit. This is an increase of three percent over the preceding quarterly distribution of $.52 which reflects our improved operating performance. Additionally, approximately four weeks ago we completed the upgrade of the Fayette County, Pennsylvania system and we now look forward to further increases in our throughput and revenue as additional wells in that area are connected to our system and as gas prices continue to improve.”
Atlas Pipeline Partners, L.P. owns and operates more than 1,300 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 4,200 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 50.3% owner of the Partnership’s common units. Atlas America, Inc., owns an interest in and operates approximately 3,800 of the wells currently connected to the Partnership’s 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 volumetric production from wells connected to the Partnership’s gas-gathering pipeline system, and the cost of supplies and services in the energy industry.