Atlas Pipeline Partners, L.P. Announces Conference Participation And Risk Management Update
PHILADELPHIA, Nov. 10, 2014 /PRNewswire/ -- Atlas Pipeline Partners, L.P. (NYSE: APL) ("APL," "Atlas Pipeline," or the "Partnership") today announced that management from Atlas Pipeline will be attending several investment conferences during the remainder of 2014. Those conferences consist of: the Stephens Fall Investment Conference in New York City on November 11, 2014, the RBC Capital Markets MLP Conference in Dallas, TX on November 19-20, 2014, The Bank of America Merrill Lynch Leveraged Finance Conference in Boca Raton, FL on December 2-3, 2014, and the Wells Fargo Securities Energy Symposium in New York City on December 9-10, 2014. While the presentations for these conferences are not being webcast, the materials used will be posted to the Investor Relations section of the Partnership's website (www.atlaspipeline.com) the day prior to each of the conference dates.
Additionally, after the end of the most recently reported third quarter's results, the Partnership has successfully added increased protection to its future expected natural gas equity volumes. An updated listing of the Partnership's natural gas hedge positions is reflected in the table below.
SWAP CONTRACTS |
|||||
NATURAL GAS HEDGES |
|||||
Production Period |
Purchased /Sold |
Commodity |
MMBTUs |
Avg. Fixed Price |
|
4Q14 |
Sold |
Natural Gas |
5,350,000 |
$4.15 |
|
1Q15 |
Sold |
Natural Gas |
7,765,000 |
$4.31 |
|
2Q15 |
Sold |
Natural Gas |
6,115,000 |
$4.12 |
|
3Q15 |
Sold |
Natural Gas |
6,565,000 |
$4.11 |
|
4Q15 |
Sold |
Natural Gas |
6,265,000 |
$4.16 |
|
1Q16 |
Sold |
Natural Gas |
4,800,000 |
$4.24 |
|
2Q16 |
Sold |
Natural Gas |
2,700,000 |
$4.13 |
|
3Q16 |
Sold |
Natural Gas |
2,250,000 |
$4.17 |
|
4Q16 |
Sold |
Natural Gas |
2,850,000 |
$4.16 |
|
1Q17 |
Sold |
Natural Gas |
2,400,000 |
$4.32 |
|
2Q17 |
Sold |
Natural Gas |
600,000 |
$3.98 |
Atlas Pipeline Partners, L.P. (NYSE: APL) is active in the gathering and processing segments of the midstream natural gas industry. In Oklahoma, southern Kansas, Texas, and Tennessee, APL owns 17 gas processing plants, 18 gas treating facilities, as well as approximately 11,200 miles of active intrastate gas gathering pipeline. For more information, contact [email protected].
Atlas Energy, L.P. (NYSE: ATLS) is a master limited partnership which owns all of the general partner Class A units and incentive distribution rights and an approximate 28% limited partner interest in its upstream oil & gas subsidiary, Atlas Resource Partners, L.P. Additionally, Atlas Energy owns and operates the general partner of its midstream oil & gas subsidiary, Atlas Pipeline Partners, L.P., through all of the general partner interest, all the incentive distribution rights and an approximate 6% limited partner interest. For more information, contact Investor Relations at [email protected].
Certain matters discussed within this press release are forward-looking statements. Although Atlas Pipeline Partners, L.P. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Atlas Pipeline does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in commodity prices and local or national economic conditions and other risks detailed from time to time in Atlas Pipeline's reports filed with the SEC, including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K.
Where to Obtain Additional Information Regarding the Targa – Atlas Proposed Transaction
In connection with the proposed merger referenced October 13, 2014, Targa Resources Corp. ("TRC") will file with the U.S. Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 that will include a joint proxy statement of Atlas Energy, L.P. ("ATLS") and TRC and a prospectus of TRC (the "TRC joint proxy statement/prospectus"). TRC plans to mail the definitive TRC joint proxy statement/prospectus to its shareholders and ATLS plans to mail the definitive TRC joint proxy statement/prospectus to its unitholders. Also in connection with the proposed merger, Targa Resources Partners LP ("TRP") will file with the SEC a registration statement on Form S-4 that will include a proxy statement of Atlas Pipeline Partners, L.P. ("APL") and a prospectus of TRP (the "TRP proxy statement/prospectus") . APL plans to mail the definitive TRP proxy statement/prospectus to its unitholders.
INVESTORS, SHAREHOLDERS AND UNITHOLDERS ARE URGED TO READ THE TRC JOINT PROXY STATEMENT/PROSPECTUS, THE TRP PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TRC, TRP, ATLS AND APL, AS WELL AS THE PROPOSED TRANSACTION AND RELATED MATTERS.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval.
A free copy of the TRC Joint Proxy Statement/Prospectus, the TRP Proxy Statement/Prospectus and other filings containing information about TRC, TRP, ATLS and APL may be obtained at the SEC's Internet site at www.sec.gov. In addition, the documents filed with the SEC by TRC and TRP may be obtained free of charge by directing such request to: Targa Resources, Attention: Investor Relations, 1000 Louisiana, Suite 4300, Houston, Texas 77002, calling (713) 584-1000 or emailing [email protected]. These documents may also be obtained for free from TRC's and TRP's investor relations website at www.targaresources.com. The documents filed with the SEC by ATLS may be obtained free of charge by directing such request to: Atlas Energy, L.P., Attn: Investor Relations, 1845 Walnut Street, Philadelphia, Pennsylvania 19103 or emailing [email protected]. These documents may also be obtained for free from ATLS's investor relations website at www.atlasenergy.com. The documents filed with the SEC by APL may be obtained free of charge by directing such request to: Atlas Pipeline Partners, L.P., Attn: Investor Relations, 1845 Walnut Street, Philadelphia, Pennsylvania 19103 or emailing [email protected]. These documents may also be obtained for free from APL's investor relations website at www.atlaspipeline.com.
Participants in Solicitation Relating to the Merger
TRC, TRP, ATLS and APL and their respective directors, executive officers and other persons may be deemed to be participants in the solicitation of proxies from TRC, ATLS or APL shareholders or unitholders, as applicable, in respect of the proposed transaction that will be described in the TRC joint proxy statement/prospectus and TRP proxy statement/prospectus. Information regarding TRC's directors and executive officers is contained in TRC's definitive proxy statement dated April 7, 2014, which has been filed with the SEC. Information regarding directors and executive officers of TRP's general partner is contained in TRP's Annual Report on Form 10-K for the year ended December 31, 2013, which has been filed with the SEC. Information regarding directors and executive officers of ATLS's general partner is contained in ATLS's definitive proxy statement dated March 21, 2014, which has been filed with the SEC. Information regarding directors and executive officers of APL's general partner is contained in APL's Annual Report on Form 10-K for the year ended December 31, 2013, which has been filed with the SEC.
A more complete description will be available in the registration statement and the proxy statement/prospectus.
Contact: Matthew Skelly
Vice President
Investor Relations
1845 Walnut Street
Philadelphia, PA 19103
(877) 950-7473
(215) 561-5692 (facsimile)
SOURCE Atlas Pipeline Partners, L.P.
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