Atlas Pipeline Partners Announces Addition of 75 Gas Wells to System.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Feb. 8, 2000 Atlas Pipeline Partners, L.P. (AMEX AMEX See: American Stock Exchange :APL (A Programming Language) A high-level mathematical programming language noted for its brevity and matrix generation capabilities. Developed by Kenneth Iverson in the mid-1960s, it runs on micros to mainframes and is often used to develop mathematical models. )(the &uot;Partnership&uot;) announced that Atlas America, Inc. (&uot;Atlas&uot;), a subsidiary of Resource America, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :REXI) has drilled and connected 75 natural gas development wells to the Partnership's gas gathering system. Initial gas production from these wells is expected to be more than 6 million cubic feet of gas per day. Atlas Pipeline Partners, L.P. owns and operates approximately 890 miles of gas gathering pipelines in western Pennsylvania Western Pennsylvania consists of the western third of the state of Pennsylvania in the United States. Pittsburgh is the largest city in the region, with a metropolitan area of about 2.4 million people, and is the cultural center for Western Pennsylvania. , western New York
Western New York refers to the westernmost region of New York State. and eastern Ohio. The Partnership is paid a fee for the volume of natural gas that is gathered and transported through its pipeline system. There are approximately 3,000 wells connected to the system with a daily throughput in excess of 45 million cubic feet of gas. Atlas America, Inc. holds an approximate 53% interest in the Partnership through a subsidiary that acts as General Partner of the Partnership. Statements made in this release 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 volumetric /vol·u·met·ric/ (vol?u-met´rik) pertaining to or accompanied by measurement in volumes. vol·u·met·ric adj. Of or relating to measurement by volume. production from wells connected to the Partnership's gas-gathering pipeline system, and the cost of supplies and services in the energy industry. |
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