Transcript Slide 1

Atlas Pipeline Partners, L.P.
NYSE: APL
2007 OIPA
Monday, June 11, 2007
1
Safe Harbor Statement
THE WORDS “BELIEVES, ANTICIPATES, EXPECTS” AND SIMILAR EXPRESSIONS
ARE INTENDED TO IDENTIFY FORWARD LOOKING STATEMENTS.
SUCH STATEMENTS ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES,
WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
PROJECTED IN THE FORWARD LOOKING STATEMENTS.
THE RISKS AND UNCERTAINTIES ARE DISCUSSED
FORM 10-K, OUR QUARTERLY REPORT ON FORM
SECTION TITLED RISK FACTORS. READERS ARE
UNDUE RELIANCE ON THESE FORWARD LOOKING
ONLY AS OF THE DATE HEREOF.
IN OUR ANNUAL REPORT ON
10-Q; PARTICULARLY IN THE
CAUTIONED NOT TO PLACE
STATEMENTS, WHICH SPEAK
THE PARTNERSHIP UNDERTAKES NO OBLIGATIONS TO PUBLICLY RELEASE THE
RESULTS OF ANY REVISIONS TO FORWARD LOOKING STATEMENTS, WHICH MAY
BE MADE TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE DATE HEREOF
OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
2
Overview of Atlas Pipeline Partners, L.P.
3
APL Business Summary
Operational Overview
 Atlas Pipeline Partners, L.P. (NYSE: APL) is a midstream energy services provider
engaged in the transmission, gathering and processing of natural gas
 Through its Mid-Continent Operations, APL owns and operates:
 A FERC-regulated, 565-mile interstate pipeline system
 Three natural gas processing plants (totaling 350 MMcf/d) and one treating facility (200 MMcf/d)
located in Oklahoma
 1,900 miles of active natural gas gathering systems located in Oklahoma, Arkansas, northern
Texas and the Texas panhandle
 289 MMcf/d from Ozark Gas Transmission (1)
 353 MMcf/d from the Velma and Elk City/Sweetwater systems (1)
 Through its Appalachian Operations, APL owns and operates
 1,600 miles of active natural gas gathering systems located in eastern Ohio, western New York
and western Pennsylvania
 5,850 producing wells; connected 451 wells in 2005 and 711 wells in 2006
 63.1 MMcf/d (1)
 Ominbus agreement with Atlas America provides significant source of volume growth
1. All volume numbers reflect average daily volumes for the quarter ended December 31, 2006
4
Geographic Focus
Appalachian Gathering System
Elk City Gas Gathering
& Processing System
Prentiss
Treating
Facility
New York
Elk City Plant
Pennsylvania
West
Virginia






Located in Anadarko Basin of Oklahoma
450 mi. of active gathering pipeline
Over 360 receipt points serviced
130 MMcf/d processing facility
200 MMcf/d treating facility
Connected to over 360 receipt points



Sweetwater Gas Gathering & Processing
System
Tx
Located in Appalachia Basin of eastern
Ohio, western New York, and western
Pennsylvania
Over 1,600 mi. of active gathering
pipeline
Over 5,850 wells serviced
NOARK Pipeline System
Velma Gas Gathering
& Processing System
Velma Plant
Ok
Sweetwater
Plant






New cryogenic processing plant w/
120Mmcf/d capacity
Became active late September 2006
Associated gathering system also in
place
Expanding gathering system and
capacity to 180 MMcf/d
Proximity to Elk City provides flexibility





Located in Golden Trend area of OK
1,080 mi. of active gathering pipeline
Approx. 640 receipt points serviced
100 MMcf/d capacity processing facility
More then 150 producers under
acreage dedication and long term
agreements
5



Ozark Gas Transmission − 565-mile
FERC-regulated pipeline running from
Oklahoma to Missouri, 2 compressor
stations
Ozark Gas Gathering − 370-mile nonFERC-regulated natural gas gathering
system, 11 compressor stations
Increasing capacity from 322 to 450
MMcf/d by adding compression
Accesses prolific Arkoma Basin and
developing Fayetteville Shale
Growth Initiatives
Acquisition Growth
 Successfully completed four acquisitions totaling over $585 million in the last three years
 Velma system acquired for $142 million in July 2004
 Elk City system acquired for $196 million in April 2005
 NOARK system acquired in two separate transactions for a total of $249 million; 75% interest
acquired in October 2005; remaining 25% interest acquired in May 2006
Organic Growth
 120MMcf/d Sweetwater gas processing plant opened September 2006; total cost of
$40MM
 Currently operating at volumes over 90MMcf/d
 Expanding gathering system and adding 60 MMcf/d of processing capacity at
Sweetwater; expected completion by early 2008
 Throughput expansion on NOARK by increasing compression; targeted completion by
early 2008
 Capacity to increase up to 450MMcf/d; total cost ~ $20-30 million
 Continued Appalachian system growth driven by Atlas Energy Resources’ traditional
drilling activity and additional potential growth from exploitation of deeper shale plays and
other geological formations within their existing acreage position
6
NOARK Pipeline System Overview
 High quality FERC-regulated transmission system


Adds stable, fee-based cash flows and reduces risk profile
Provides substantial upside without significant capital expenditure requirements
 NOARK pipeline diversifies existing APL business and expands footprint


Expands Mid-Continent natural gas gathering and transportation position
Facilitates additional bolt-on opportunities
 Unregulated gathering business


Separation of regulated and non-FERC-regulated assets provides growth opportunity
APL gathering expertise expected to enhance growth
 Strategic location provides access to significant natural gas supply



Mid-Continent Region
Arkoma Basin
Fayetteville Shale – growing production area
 Compression expansion project

Added compression will increase throughput capacity up to 450MMcfd
7
Gathering & Processing Overview
Velma Highlights
 1,900 miles of pipelines in Oklahoma and Texas
 100 MMcf/d processing plant capacity
 For the quarter ended ended 9/30/06, processed approximately 58.3 MMcf/d of natural gas and
approximately 6,600 Bbls/d of NGLs
 Geographically positioned to benefit from rapidly growing Barnett Shale and
Woodford Shale plays
 Revenue from purchases of natural gas at the wellhead and sales of
processed gas and NGLs
 Gas supply secured under long-term contracts
 Throughput growth driven by system expansions and improved compression
8
Gathering & Processing Overview
Elk City Highlights
 Elk City system provides gathering, compression, treating and processing
services in the Anadarko Basin
 Stepped-up drilling activity in the region has increased system gas volumes over 100% since
2002, from 139 MMcf/d to over 284 MMcf/d currently
 Supplied by over 300 gas receipt points
 System can be enhanced through low-cost system extensions to areas of
drilling activity
 Location near active drilling area
 Access to prolific Anadarko basin
 Drilling rig count in Oklahoma increased over 95% since 2002
 Potential for additional well-connects
9
Appalachia Recent Developments
 Atlas Energy Resources recently announced that during the fourth quarter of
2006 and first quarter of 2007 it plans to drill 3 wells to multiple pay zones,
including the Marcellus Shale of Southwestern Pennsylvania
 Atlas Energy Resources believes it holds over 160,000 acres of prospective
Marcellus acreage in three counties
 This shale play represents significant throughput potential for Atlas Pipeline
Partners
 Industry banter of vertical type-well EUR of “600 to 1,000 MMcfe” within our
range of expectations
 Atlas Energy Resources is planning six to ten additional wells in 2nd and 3rd
quarters; potentially a 40+ vertical well development schedule in 4th quarter
2007 and 1st quarter 2008
10
11