Atlas Energy, L.P. to Form a New E&P Master Limited Partnership Named Atlas Resource Partners, L.P.

PHILADELPHIA--(BUSINESS WIRE)--Atlas Energy, L.P. (NYSE: ATLS) announced today that the board of directors of its general partner has approved a plan to create a newly formed exploration and production (“E&P”) master limited partnership (“MLP”) named Atlas Resource Partners, L.P. (“Atlas Resource Partners”), which will hold substantially all of ATLS’ current natural gas and oil development and production assets and the partnership management business. ATLS intends to take Atlas Resource Partners public by distributing to ATLS unitholders common units representing an approximately 19.6% limited partner interest in Atlas Resource Partners. Atlas Resource Partners is filing a registration statement on Form 10 with the Securities and Exchange Commission (“SEC”) that contains detailed information about the planned distribution and Atlas Resource Partners as a separate entity. Atlas Resource Partners intends to apply to list its common units on the New York Stock Exchange.