Atlas Energy, L.P. Announces GE Energy Financial Services Joins Lightfoot Capital Partners

PHILADELPHIA--(BUSINESS WIRE)--Atlas Energy, L.P. (NYSE: ATLS) announced today that GE Energy Financial Services, a unit of GE (NYSE: GE), has joined Lightfoot Capital Partners (“Lightfoot”). GE Energy Financial Services will own a general partner interest and a 58% limited partner interest and will participate in future growth at Lightfoot and the terminals business. Following this investment, ATLS will hold an approximate 16% general partner interest and 12% limited partner interest in Lightfoot. Lightfoot is the general partner and majority owner of Arc Terminals LP, a leading independent operator of petroleum and refined product terminals in eight states.

In conjunction with this transaction, Lightfoot Capital will make a direct investment and own a 48% interest in Arc LNG Holdings LLC, which will own a 20% interest in Gulf LNG Energy’s terminal in Pascagoula, Mississippi. This newly constructed liquefied natural gas (“LNG”) facility will have 1.3 billion cubic feet per day of capacity, which is contracted under 20-year firm service agreements for all of its capacity.

Jonathan Z. Cohen, Chairman of ATLS and Lightfoot, said, “We are very pleased to welcome GE Energy Financial Services as our partner in Lightfoot Capital, and we look forward to benefitting from its industry-leading expertise and ingenuity in order to expand Lightfoot’s businesses. Our investment in the Gulf LNG terminal will also broaden Lightfoot’s profitable asset base and will accelerate Lightfoot’s development into a public master limited partnership.”

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 in Appalachia and the Niobrara region in Colorado. Atlas Energy is also the largest sponsor of natural gas and oil investment partnerships in the U.S. 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.

Lightfoot Capital Partners, LP is the general partner and majority limited partner of Arc Terminals LP. Lightfoot Capital forms partnerships with and provides growth capital, extensive financial and industry relationships, and significant M&A expertise to high-potential private companies. For more information, please visit www.lightfootcapital.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. ATLS 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, ATLS’ 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, uncertainties regarding the creation of Atlas Resource Partners, L.P. and the distribution of limited partner interests in Atlas Resource Partners; the expected financial results of Atlas Resource Partners after the planned distribution, which is dependent on future events or developments; assumptions and uncertainties associated with general economic and business conditions; changes in commodity prices; changes in the costs and results of drilling operations; uncertainties about estimates of reserves and resource potential; inability to obtain capital needed for operations; ATLS’ level of indebtedness; changes in government environmental policies and other environmental risks; the availability of drilling equipment and the timing of production; and tax consequences of business transactions. In addition, ATLS and Atlas Resource Partners are subject to additional risks, assumptions and uncertainties detailed from time to time in the reports filed by ATLS and Atlas Resource Partners with the U.S. Securities and Exchange Commission, including the risks, assumptions and uncertainties described in Atlas Resource Partners’ registration statement on Form 10 and ATLS’ 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 neither ATLS nor Atlas Resource Partners assumes any obligation to update such statements, except as may be required by applicable law.