Atlas Pipeline Partners Announces Increased Commitments for Use of Ozark Gas Transmission Pipeline.TULSA, Okla. -- Ozark Gas Transmission L.L.C. ("Ozark"), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Atlas Pipeline Partners, L.P. (NYSE NYSE See: New York 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 Partnership"), is pleased to announce the results of the recently completed binding open season for firm transportation service, due to the installation and placing in service of the Standing Rock Compressor Station. Ozark received bids for approximately 125,000 dth per day of capacity, and has awarded successful bidders 64,500 dth per day of that capacity. Successful bidders will be paying Ozark's maximum transportation rates and fuel as prescribed in its Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. ("FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability ") gas tariff. Successful bidders are committing to terms that vary from 19 months to 10 years. The effective date of the new transportation service will be January 1, 2009. "Ozark is extremely pleased with the results of our latest open season. We have effectively increased our firm commitments, and thus, our secure fee business, at a rate that shows the continued demand for space on our pipeline," said Steve Winston, President of Ozark Gas Transmission L.L.C. "Based on the bids we received for capacity, we feel very strongly that our investment in our recently completed Standing Rock Compressor Station was a tremendous success." Ozark is a FERC-regulated, 565-mile interstate pipeline system that extends from southeastern Oklahoma through Arkansas and into southeastern Missouri and has throughput capacity of approximately 500 million cubic feet per day. Ozark is owned and operated by Atlas Pipeline Mid-Continent LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a subsidiary of Atlas Pipeline Partners, L.P. (NYSE: APL). Atlas Pipeline Partners is active in the transmission, gathering and processing segments of the midstream natural gas industry. In the Mid-Continent region of Oklahoma, Arkansas, southern Kansas, northern and western Texas and the Texas panhandle, the Partnership owns and operates eight active gas processing plants and a treating facility, as well as approximately 7,900 miles of active intrastate gas gathering pipeline and a 565-mile interstate natural gas pipeline. In Appalachia, it owns and operates approximately 1,600 miles of natural 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. , eastern Ohio and northeastern Tennessee. For more information, visit the Partnership's website at www.atlaspipelinepartners.com or contact bbegley@atlaspipelinepartners.com. |
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