CORRECTED: Atlas Pipeline Partners, L.P. to Host Third Quarter 2004 Conference Call and Webcast.

PHILADELPHIA -- Atlas Pipeline Partners L.P. (NYSE:APL) (the "Partnership") announces today that it will release its third quarter 2004 results after market hours on Monday, November 8, 2004 and invites investors and other interested parties to listen to the webcast of its quarterly conference call on Tuesday, November 9, 2004 at 8:30 a.m. Eastern Standard Time.

All interested parties can access the live webcast of the call from the homepage of the Atlas Pipeline Partners website (www.atlaspipelinepartners.com). For those who cannot listen to the live broadcast, the replay of the webcast will be available following the live call on the Atlas Pipeline Partners website and telephonically starting at 10:30 a.m. Eastern Standard Time on November 9, 2004 until midnight on Thursday, November 23, 2004 by dialing 888 286 8010, passcode 18323233.

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 1,400 miles of natural gas gathering pipelines in western Pennsylvania, western New York and eastern Ohio to which more than 4,250 wells are currently connected, approximately 3,900 of which are operated by Atlas America, Inc., the owner of its general partner. APL gathers approximately 54 million cubic feet of gas per day from these wells. In the mid continent region of southern Oklahoma and northern Texas, APL owns and operates approximately 1,900 miles of gas gathering pipeline. APL purchases approximately 55 million cubic feet of gas per day and transports that gas to its gas processing facility in Velma, Oklahoma where natural gas liquids are removed. APL then sells the resulting gas and NGLs 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 NGLs (Percent of Proceeds) or a fixed fee per mcf transported. For more information, visit our website at www.atlaspipelinepartners.com or contact [e-mail] .

Atlas America, Inc. (Nasdaq:ATLS) is an energy company engaged primarily in the development and production of natural gas in the Appalachian Basin for its own account and for its investors through the offering of tax advantaged investment programs. The Company operates primarily in western Pennsylvania and eastern Ohio. Atlas America also owns 100% of the general partner of Atlas Pipeline Partners, L.P. and owns 1,641,026 subordinated common units of APL. For more information, please visit our website at www.atlasamerica.com, or contact investor relations at [e-mail] .

Resource America, Inc. (Nasdaq:REXI), the parent company of Atlas Pipeline Partners, L.P.'s general partner, is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the energy, real estate finance and financial services industries. For more information, please go to www.resourceamerica.com or contact investor relations at [e-mail]

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 condition, volatility in the price of gas in the Appalachian and mid-continent area, actual versus projected drilling activity, volumetric production from ells connected to the Partnership's gas-gathering pipeline system and the cost of supplies and services in the energy industry and the other factors disclosed under "Risk Factors" in our most recent 10-K and Prospectus Supplement dated July 14, 2004.