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Atlas Energy, L.P. Announces Increase to the Borrowing Base on Its Credit Facility to $160 Million

^{Published on 2011-06-27 06:30:27 - Market Wire}
 

PHILADELPHIA--([ BUSINESS WIRE ])--Atlas Energy, L.P. (NYSE: ATLS) announced that its lending group on its senior secured credit facility has completed its borrowing base redetermination and has increased Atlas Energya™s borrowing base from $125 million to $160 million. Atlas Energy currently has no amounts borrowed against its credit facility. Wells Fargo Securities, LLC led the lending group in the redetermination process and there were no other changes to the terms of the credit facility.

Atlas Energy, L.P. (NYSE: ATLS)is a master limited partnership which owns an interest in over 8,500 producing natural gas and oil wells, representing over 185 Bcfe of net proved developed reserves. Additionally, Atlas Energy 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. For more information, please visit our website at [ www.atlasenergy.com ], or contact Investor Relations at [ InvestorRelations@atlasenergy.com ].