Atlas Pipeline Partners, L.P. Announces Expansion of the Partnership’s Risk Management Program

PHILADELPHIA--(BUSINESS WIRE)--Atlas Pipeline Partners, L.P. (NYSE: APL) ("APL" or the "Partnership") announced today the successful expansion of the Partnership’s risk management program. The Partnership has put in place additional coverage for its’ natural gas liquids (NGL) and condensate exposure that now represents 74% of expected 2011 NGL and condensate margin, including approximately 80% coverage for the first half of 2011. Further to this, additional coverage has been put in place for the Partnership’s natural gas exposure, which represents a much smaller percentage of overall margin than the NGL and condensate component of the business. Currently, approximately 61% of expected 2011 natural gas margin has been covered in the risk management program, including approximately 51% for the first half of 2011. When combined, 72% of overall margin coverage exists across these products for full year 2011. For the current year, implied price coverage exists for natural gas at $4.62/mmbtu, natural gas liquids (NGLs) at $1.42/gal (ex-ethane), and condensate at $86.00/bbl. The Partnership will continue to add protection as acceptable price points of the underlying commodity products present themselves.