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Atlas Resource Partners, L.P. Completes Acquisition of Barnett Shale and Marble Falls Assets from DTE Energy



  Atlas Resource Partners, L.P. Completes Acquisition of Barnett Shale and
  Marble Falls Assets from DTE Energy

Business Wire

PHILADELPHIA -- December 20, 2012

Atlas Resource Partners, L.P. (NYSE: ARP) (“ARP” or “the Company”) announces
today that it has completed its acquisition of DTE Gas Resources, LLC, an
affiliate of DTE Energy Company (NYSE: DTE), for approximately $255 million.
The acquired assets include approximately 35 MMboe of proved reserves and
substantial resource potential in the Fort Worth basin in Texas, including
approximately 75,000 net acres prospective for the oil and liquids rich Marble
Falls play. The transaction represents ARP’s fourth acquisition since ARP’s
creation in March 2012, for a total of approximately $700 million, bringing
the Company’s net pro forma proved reserves to approximately 900 Bcfe.

Citigroup acted as financial advisor, and Jones Day (Houston) and Ledgewood
(Philadelphia) acted as legal advisors on the transaction.

Atlas Resource Partners, L.P. (NYSE: ARP) is an exploration & production
master limited partnership which owns an interest in over 10,100 producing
natural gas and oil wells, primarily in Appalachia and the Barnett Shale in
Texas. ARP is also the largest sponsor of natural gas and oil investment
partnerships in the U.S. For more information, please visit our website at
www.atlasresourcepartners.com, or contact Investor Relations at
InvestorRelations@atlasenergy.com.

Atlas Energy, L.P. (NYSE: ATLS) is a master limited partnership which owns all
of the general partner Class A units and incentive distribution rights and an
approximate 43% limited partner interest 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 all of the 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 InvestorRelations@atlasenergy.com.

Cautionary Note Regarding Forward-Looking Statements

This document contains forward-looking statements that involve a number of
assumptions, risks and uncertainties that could cause actual results to differ
materially from those contained in the forward-looking statements. ARP
cautions readers that any forward-looking information is not a guarantee of
future performance. Such forward-looking statements include, but are not
limited to, statements about future financial and operating results, resource
potential, ARP’s plans, objectives, expectations and intentions and other
statements that are not historical facts. Risks, assumptions and uncertainties
that could cause actual results to materially differ from the forward-looking
statements include, but are not limited to, those associated with general
economic and business conditions; changes in commodity prices; changes in the
costs and results of drilling operations; uncertainties about, or inaccuracies
in the assumptions underlying, estimates of reserves and resource potential;
inability to obtain capital needed for operations; ARP’s level of
indebtedness; changes in government environmental policies and other
environmental risks; the availability of drilling equipment and the timing of
production; tax consequences of business transactions; and other risks,
assumptions and uncertainties detailed from time to time in ARP’s reports
filed with the U.S. Securities and Exchange Commission, including quarterly
reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.
Forward-looking statements speak only as of the date hereof, and ARP assumes
no obligation to update such statements, except as may be required by
applicable law.

Contact:

Atlas Resource Partners, L.P.
Brian Begley
Vice President - Investor Relations
877-280-2857
215-405-2718 (fax)
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