Atlas Pipeline Partners LP subsidiary Atlas Pipeline McKean LLC has completed the acquisition of gas gathering and processing assets in McKean County, PA, consisting of approximately 21 miles of gathering pipelines, a gas processing plant with capacity of 10 MMcf/d and related equipment and delivery taps into the National Fuel Gas system. The purchase price was $6.1 million with additional future gas volume-based incentive payments to be made to the seller. “I am very happy to be able to announce this acquisition as it will allow the Partnership to earn fees from the gathering and removal of natural gas liquids from gas produced in an area of active drilling by a number of operators, including Atlas Energy Resources LLC,” said partnership President Michael Staines. “Target formations include natural gas liquids-rich shallow formations and potentially the deeper Marcellus Shale formation. In addition we have identified several organic growth opportunities that we will undertake in the next few months.”

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