Atlas Pipeline Partners Provides Operational And Financial Update And Announces Third Quarter Conference Call

    Atlas Pipeline Partners Provides Operational And Financial Update And
                   Announces Third Quarter Conference Call

- Partnership processing volume has increased sharply, reaching record volume
of approximately 1.4 billion cubic feet per day across all operating areas

- Permian production continues to increase at record levels

- Partnership is exploring potential connection of Velma and Arkoma systems to
facilitate even further growth opportunities in response to booming production
in the SCOOP (South Central Oklahoma Oil Province)

- Mississippi Lime volume growth has remained robust with over 525 million
cubic feet per day of currently gathered volumes

- South Texas volumes growing in response to burgeoning development in Eagle
Ford shale

- 2013 Guidance updated to reflect ethane exposure and acquisition integration
at SouthTX system

- Management to discuss third quarter results and updated 2013 guidance on
November 5, 2013 at 10:00 am Eastern Time

PR Newswire

PHILADELPHIA, Oct. 14, 2013

PHILADELPHIA, Oct. 14, 2013 /PRNewswire/ --Atlas Pipeline Partners, L.P.
(NYSE: APL) ("APL", "Atlas Pipeline", or the "Partnership") announced today
that the Partnership is providing an operational and financial update and has
announced its third quarter earnings reporting date and subsequent conference
call date and time. Management expects to release third quarter results on
November 4, 2013 and discuss third quarter results on a conference call on
November 5, 2013 at 10:00 am Eastern Time.

Operational Update

Volumes have continued to increase across all five gathering and processing
systems since the end of the second quarter. Current processable volumes are
in excess of 1.4 billion cubic feet per day, an increase of over 100 million
cubic feet per day ("MMCFD") compared to the Partnership's second quarter
reported results. Growth capital spending continues to track $450 million for
2013, as organic expansion projects continue across all gathering and
processing systems, including expected 2014 expansions at Arkoma (120 MMCFD),
SouthTX (200 MMCFD), and WestTX (200 MMCFD). It is important to note that the
below references to volumes and utilization rates at all gathering and
processing systems are as of the time of this release, and may not represent
the average volumes reported for the entire third quarter of 2013. Normal
disclosure of third quarter results can be found on the upcoming earnings
press release, scheduled to be disseminated on November 4, 2013.

Chief Executive Officer, Eugene Dubay, commented, "We continue to see strong
producer activity behind all of our systems. Our job is to build a world class
midstream solution for our producers in our areas of operation and we have the
assets, people, and expertise to do so. As we continue to grow and expand, our
stakeholders will continue to reap the value from these activities."

WestTX System

Current processed volumes in West Texas are in excess of 375 MMCFD, a
meaningful increase over second quarter reported processed volumes of
approximately 313 MMCFD. Increased volumes are a result of widespread activity
across the Permian Basin by multiple producers behind the system, including
APL's partner, Pioneer Natural Resources (USA), Inc ("Pioneer"). The
Partnership is committed to providing excellent customer service to Pioneer
and its other producer customers as their drilling plans continue to expand in
the Permian Basin. The system is expected to expand in the second half of 2014
with the addition of the previously announced Edward plant, which will add an
incremental 200 MMCFD of capacity. Producers continue to drill at a pace that
management expects will require organic plant expansions every 18-24 months.
Due to current ethane prices, however, the WestTX system is currently
rejecting approximately 50% of the ethane coming into processing facilities
back into the residue gas stream. Management expects these facilities will
continue to be in ethane rejection for the remainder of 2013.

Velma System

The Velma system in southern Oklahoma is currently processing at approximately
100% of the 160 MMCFD of name-place processing capacity. The Partnership is
processing 60 MMCFD under a fixed fee arrangement with ExxonMobil/XTO with
firm volume commitments under a ten year agreement, which runs through 2022.
Along with ExxonMobil/XTO, incremental growth in processable volume is
expected to come from the SCOOP (South Central Oklahoma Oil Province) and the
Partnership has multiple gathering and processing agreements with significant
producers in the play. Due to the expected growth from this area, the
Partnership is in the early planning stages of the potential connection
between the Velma and Arkoma systems, which would require laying approximately
55 miles of pipeline from the eastern side of the Velma system. This project
is expected to increase the pace of utilization of the new Stonewall facility,
which will add 120 MMCFD of processing capacity at Arkoma at the end of the
first quarter of 2014, as well as provide incremental processing capacity for
gas produced in the Velma area and potentially accelerate the 80 MMCFD
expansion of the Stonewall plant.

Arkoma System

Gathered volumes continue to increase and are currently in excess of 260 MMCFD
in the Arkoma area. Upon completion in late October of a recent expansion by
MarkWest Energy Partners of its gathering system, the current processing
facilities will be operating at nameplate capacity of 220 MMCFD. This
expansion was originally expected to be completed in July 2013. Excess
volumes, which are expected to grow due to current drilling activity, are
being offloaded to third parties until the Stonewall plant is operational at
the end of the first quarter of 2014. Cash flows from this system are largely
fee-based; however this system does have commodity exposure on fixed recovery
contracts, primarily related to Mont Belvieu priced ethane, which is not
currently hedged. Approximately half of the ethane is being rejected back into
the residue gas stream at these facilities, which is expected to continue at
the current ethane and natural gas prices.

WestOK System

Producers in the Mississippi Lime play in northwestern Oklahoma and southern
Kansas continue to grow volumes behind APL's WestOK system, with current
gathered volumes in excess of 525 MMCFD. With current nameplate capacity of
458 MMCFD, excess volumes are being offloaded and bypassed as the Partnership
works to add capacity in the coming months. With the addition of
refrigeration, compression and other engineering work currently being
undertaken, the Waynoka facilities will have an incremental 40-50 MMCFD of
processing capacity available in November of this year. Due to the nonrenewal
of a low margin commercial agreement, an additional 60-70 MMCFD of capacity
will become available in the second quarter of 2014. This capacity is expected
to be filled under more favorable economic returns with volumes currently
being offloaded to third parties and volume growth associated with increased
producer drilling activity. Management is committed to continuing to provide
excellent service to our producer customers in the play and remaining the
prominent gatherer and processor in the area. Due to economic conditions
regarding ethane prices, approximately 25% of the currently available ethane
is being produced on the system, which Management expects to continue
throughout the remainder of this year.

SouthTX System

In the Eagle Ford shale, where the Partnership's newly acquired SouthTX system
is located, volumes continue to grow with processed volumes more than 20%
higher than those reported for the second quarter. Although at times during
the third quarter the SouthTX system has run at the full nameplate capacity of
approximately 200 MMCFD, a portion of those volumes have been interruptible
packages of gas, which causes some periodic fluctuation in volume figures.
Currently, the system is running at approximately 155 MMCFD, which compares to
reported second quarter average volumes of 122 MMCFD. The management team is
committed to getting to full utilization of 200 MMCFD on the current Silver
Oak I plant by the end of the year and expects the 200 MMCFD Silver Oak II
plant to come online at the end of the first quarter of 2014. Management's
expectation is for this system to be fully utilized by the end of 2014.

2013 Guidance Update

Due primarily to a continued weak pricing environment for ethane, resulting in
continued ethane rejection at various facilities as mentioned above, as well
as slower than expected volume growth in South Texas in the period after
closing of the acquisition, Management is updating guidance for 2013. The
Partnership now expects a third quarter distribution of $0.62-$0.64 per
limited partner unit, pending final third quarter results and board approval.
Fourth quarter distribution per limited partner unit is currently expected to
be between $0.62-$0.65, which would equate to full-year 2013 distributions of
$2.45-$2.50 per limited partner unit. Distribution coverage is expected to
average over 1.0x for the remainder of 2013. Accordingly, Management is now
expecting Adjusted EBITDA of $335 million to $350 million for 2013.

The Partnership is reaffirming its 2014 guidance. Management is still
expecting the Silver Oak II plant in South Texas to come online at the end of
the first quarter of 2014 and expects the plant to be fully utilized by the
end of 2014. As one of the major contributors to the ramp up of cash flow in
2014, achieving the currently published guidance for the 2014 fiscal year will
be largely dependent on the timing of volume growth at Silver Oak II during
the year, including the amount of condensate recovered on that system.
Additionally, the Partnership maintains a robust price risk management
portfolio for 2014 and beyond, however ethane is not currently included in
this portfolio. Changes in ethane prices from those used for guidance could
also impact actual results.

All forecasted amounts above set forth Management's best estimates and are
based on various assumptions, including, among others, the Partnership's
expected cost and timing for completion of its announced capital expenditure
program, timing of incremental volumes on its gathering and processing
systems, known contract structures, scheduled maintenance of facilities
including those of third-parties that impact the Partnership's operations,
estimated commodity prices and interest rates, and budgeted operating and
general administrative costs. While Management believes these estimates are
reasonable, they are inherently uncertain, and are based upon various
assumptions, among others, that are listed above and those contained in the
forward-looking statements legend below. Management does not forecast certain
items, including GAAP revenues, depreciation, amortization, and non-cash
changes in derivatives, and therefore is unable to provide forecasted Net
Income, a comparable GAAP measure, for the periods presented. The reconciling
items between these non-GAAP measures and Net Income are expected to be
similar to those previously presented and are not expected to be significant
to the Partnership's cash flows.

The Partnership undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law. In light of these risks and
uncertainties, the forward-looking events and circumstances discussed in this
press release might not occur and actual results, performance or achievement
could differ materially from that anticipated or implied in the
forward-looking statements.

Third Quarter Earnings Announcement

Interested parties are invited to access the live webcast of an investor call
with management regarding the Partnership's third quarter 2013 results on
Tuesday, November 5, 2013 at 10:00 am ET by going to the Investor Relations
section of the Partnership's website at An audio replay
of the conference call will also be available beginning at 12:00 pm ET on
Tuesday, November 5, 2013. To access the replay, dial 1-888-286-8010 and enter
conference code 35780875.

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, Texas, and Tennessee, APL owns and operates 14 active gas
processing plants, 18 gas treating facilities, as well as approximately 11,200
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 or contact

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 37% 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 6% limited partner interest. For more
information, please visit our website at, 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 prices 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, current reports on Form 8-K and
annual reports on Form 10-K.

Contact: Matthew Skelly
          Vice President
          Investor Relations
          1845 Walnut Street
          Philadelphia, PA 19103
          (877) 950-7473
          (215) 561-5692 (facsimile)

SOURCE Atlas Pipeline Partners, L.P.

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