Atlas Pipeline Partners Announces Significant Expansion of Risk Management Program

Atlas Pipeline Partners, L.P.

announced today the successful expansion of the Partnership's risk management program. The Partnership now has hedge positions in place for the 2012 calendar year for 76% of anticipated margins of natural gas, natural gas liquids (exclusive of ethane), and condensate. For natural gas liquids (ex-ethane) only, coverage increases to 83% and for condensate only the coverage is 82%. The average per gallon price for the natural gas liquids which are hedged under the coverage described above is $1.47 per gallon (ex-ethane) and average condensate protection for the period mentioned above is at an average hedged price of $95.56 per barrel. The Partnership has also extended its risk management program further into the 2013 calendar year, and now has margin coverage in 2013 for 39% of anticipated margins for natural gas and natural gas liquids (ex-ethane). Protection for the natural gas liquids (ex-ethane) portion of margin for the 2013 period include coverage for 48% of anticipated margin at this time. The average price per gallon on the hedged natural gas liquids (ex-ethane) coverage described for the 2013 period is $1.62 per gallon. The full list of risk management positions will be detailed in conjunction with the third quarter 2011 results in early November.