Atlas Pipeline Partners, L.P. Announces WestOK Expansion Online With
PHILADELPHIA, Oct. 3, 2012
PHILADELPHIA, Oct. 3, 2012 /PRNewswire/ --Atlas Pipeline Partners, L.P.
(NYSE: APL) ("APL", "Atlas Pipeline", or the "Partnership") announced today
that a new, 200 mmcfd, cryogenic processing plant on the Partnership's WestOK
gathering and processing system in northwest Oklahoma and southern Kansas, was
transferred to operations on September 22, 2012. The new facility, referred
to as the Waynoka II plant, is online and already operating at approximately
130 mmcfd. This expansion brings the total nameplate processing capacity at
the Waynoka location to 400 mmcfd, and total nameplate processing capacity on
the entire WestOK system increases from 258 mmcfd to 458 mmcfd, a 78% increase
in nameplate processing capacity.
The WestOK system is currently gathering over 410 mmcfd, including significant
volumes from the Partnership's producer customers operating in the Mississippi
Lime formation. Both the Waynoka I and Waynoka II plants will be processing
below full capacity and certain volumes will continue to bypass the
Partnership's processing facilities in order to adhere to the Partnership's
current natural gas liquids ("NGL") allocation limit on the WestOK system.
The Partnership has contracted for additional NGL takeaway, which is expected
to be available in the first half of 2013 as additional NGL pipeline
construction is completed.
"We are excited to have completed this expansion at WestOK, which along with
our recent expansion at Velma, has increased our overall processing capacity
by 260 mmcfd, or 73% on these two systems. We will be very pleased with the
incremental margin that the company will realize as volumes continue to
increase and, for Waynoka II, when new NGL takeaway becomes available in the
first half of 2013. Additionally, we are fully underway in the expansion of
our other system, WestTX, and expect to have the Driver plant online in the
first half of 2013 as well," stated Eugene Dubay, Chief Executive Officer of
Atlas Pipeline Partners, L.P. (NYSE: APL) is active in the gathering and
processing segments of the midstream natural gas industry. In Oklahoma,
southern Kansas, northern and western Texas, and Tennessee, APL owns and
operates nine active gas processing plants as well as approximately 9,700
miles of active intrastate gas gathering pipeline. APL also has a 20%
interest in West Texas LPG Pipeline Limited Partnership, which is operated by
Chevron Corporation. For more information, visit the Partnership's website at
www.atlaspipeline.com or contact IR@atlaspipeline.com.
Atlas Energy, L.P. (NYSE: ATLS) is a master limited partnership which owns all
of the general partner interest and approximately 52% of the limited partner
interests in its upstream oil & gas subsidiary, Atlas Resource Partners, L.P.
Additionally, Atlas Energy owns and operates the general partner of its
midstream oil & gas subsidiary, Atlas Pipeline Partners, L.P., through which
it owns a 2% general partner interest, all the incentive distribution rights
and an approximate 11% limited partner interest. For more information, please
visit our website at www.atlasenergy.com, or contact Investor Relations at
Certain matters discussed within this press release are forward-looking
statements. Although Atlas Pipeline Partners, L.P. believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be attained.
Atlas Pipeline does not undertake any duty to update any statements contained
herein (including any forward-looking statements), except as required by law.
Factors that could cause actual results to differ materially from expectations
include general industry considerations, regulatory changes, changes in
commodity process and local or national economic conditions and other risks
detailed from time to time in Atlas Pipeline's reports filed with the SEC,
including quarterly reports on Form 10-Q, reports on Form 8-K and annual
reports on Form 10-K.
1845 Walnut Street
Philadelphia, PA 19103
(215) 561-5692 (facsimile)
SOURCE Atlas Pipeline Partners, L.P.
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