APP announces fourth quarter distribution
Atlas Pipeline Partners, LP, announced the Board of Directors of APL has approved the 2014 fourth quarter distribution for its common limited partner units. The partnership has declared a quarterly cash distribution for the fourth quarter of 2014 of US$0.64 per common limited parter unit, payable 13 February 2015 to holders of record as of 21 January 2015.
Atlas Pipeline Partners, LP 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.
Atlas Energy, LP 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, LP Additionally, Atlas Energy owns and operates the general partner of its midstream oil & gas subsidiary, Atlas Pipeline Partners, LP, through all of the general partner interest, all the incentive distribution rights and an approximate 6% limited partner interest.
Adapted from press release by Hannah Priestley-Eaton
Read the article online at: https://www.worldpipelines.com/business-news/12012015/app-announces-fourth-quarter-distribution/
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