Atlas Pipeline Partners, L.P. Completes Tender Offer and Redemption of Senior Notes

Atlas Pipeline Partners, L.P. (NYSE: APL) (“Atlas Pipeline” or the “Partnership”) today announced the expiration and final results of the previously announced cash tender offer (the "Tender Offer") to purchase any and all of its 8-3/4% senior notes due 2018 (the "Notes") at par. The Tender Offer expired at 11:59 P.M., New York City time, on April 7, 2011.

The Partnership has accepted for purchase all of the Notes validly tendered (and not validly withdrawn) in the Tender Offer. The aggregate principal amount of the Notes validly tendered (and not validly withdrawn) pursuant to the Tender Offer was $7,228,000, representing approximately 3.24% of outstanding Notes. The Partnership funded payment of all Notes purchased pursuant to the Tender Offer from available cash.

The Partnership is also scheduled to complete the redemption of the $275,479,000 aggregate principal amount outstanding of its 8-1/8% senior notes due 2015 on April 8, 2011. After completing this redemption, the Partnership will have retired approximately $283 million of its senior notes.

Atlas Pipeline Partners, L.P. (NYSE: APL) is active in the gathering and processing segments of the midstream natural gas industry. In the Mid-Continent region of Oklahoma, southern Kansas, and northern and western Texas, APL owns and operates five active gas processing plants as well as approximately 8,600 miles of active intrastate gas gathering pipeline. For more information, visit the Partnership's website at www.atlaspipeline.com or contact IR@atlaspipeline.com.

Atlas Energy, L.P. (NYSE: AHD) is a master limited partnership which owns and operates the general partner of Atlas Pipeline Partners, L.P. (NYSE: APL), through which it owns a 2% general partner interest, all the incentive distribution rights and approximately 5.75 million common limited partner units of APL. Additionally, AHD owns an interest in over 8,500 producing natural gas and oil wells, representing over 185 Bcfe of net proved developed reserves. For more information, please visit our website at www.atlasenergy.com, or contact Investor Relations at InvestorRelations@atlasenergy.com.

Atlas Energy L P (NYSE:AHD)
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