Atlas Pipeline Partners, L.P. Announces New $270 Million Credit Facility.

PHILADELPHIA -- Atlas Pipeline Partners L.P. (NYSE:APL) (the "Partnership") announces that it has entered into a new $270 million credit facility which replaces its existing $135 million facility. Wachovia Capital Markets, LLC and Bank of America Securities LLC, are Co-Lead Arrangers. The bank group consists of the twelve banks that participated in the prior credit facility plus five new participants.

The five year facility is comprised of a $225 million revolving line of credit and a $45 million five year term loan. The Partnership immediately drew down $249.5 million which was used to refinance the existing $54 million outstanding on the prior $135 million facility and to finance the $192 million acquisition of ETC Oklahoma Pipeline, Ltd. (for $192 million plus related transaction costs). The ETC acquisition closed today.

The general partner of Atlas Pipeline Partners is Atlas America, Inc. (Nasdaq:ATLS) which owns 1,641,026 limited partner units of APL, and is, itself, a wholly owned subsidiary of Resource America, Inc., of Philadelphia, PA.

Matthew A. Jones, Chief Financial Officer, commented, "We appreciate the support that our banking group has exhibited in providing this new and significantly enlarged credit facility. It has enabled us to continue our growth strategy of enhancing our unit holder value through accretive acquisitions. We look forward to a long association with our banking group as we pursue further growth opportunities."

Atlas Pipeline Partners, L.P. is active in the gas gathering and processing segment of the mid-stream natural gas industry. In Appalachia, it owns and operates more than 1,440 miles of natural gas gathering pipelines in western Pennsylvania, western New York and eastern Ohio to which more than 4,800 wells are currently connected. APL gathers approximately 54 million cubic feet ("mcf") of gas per day from these wells. In the Mid-Continent region of southern Oklahoma and northern Texas and prior to the acquisition of the Elk City system, APL owns and operates approximately 1,900 miles of gas gathering pipeline. APL transports approximately 66 million cubic feet of gas per day from more than 580 receipt points to its gas processing facility in Velma, Oklahoma where natural gas liquids (NGL) are removed. APL then sells the resulting residue gas and NGL and remits a portion of those proceeds to the producer. In both Appalachia and the Mid-Continent, the fees paid to APL are either a percentage of the gross selling price of the gas or NGL or a fixed fee per mcf transported. For more information, visit our website at www.atlaspipelinepartners.com or contact [e-mail].

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 and Mid-Continent areas, 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 and other factors disclosed under "Risk Factors" in our most recent 10-K.