Atlas Pipeline Holdings Changes Name

Atlas Pipeline Holdings, L.P. (NYSE: AHD) announced on February 18 that it is officially changing its name to Atlas Energy, L.P. The company will continue to trade on the New York Stock Exchange under the ticker symbol "AHD." The change is expected to take effect on the NYSE on February 23.

AHD owns and operates the general partner of another MLP, Atlas Pipeline Partners, L.P. (NYSE: APL), through which it owns a 2% general partner interest, all the incentive distribution rights, and approximately 5.75 million common limited partner units of APL. Additionally, AHD owns an interest in over 8,500 producing natural gas and oil wells, representing over 185 Bcfe of net proved developed reserves.

The name change is the last step in a series of transactions in which another affiliate, Atlas Energy, Inc. (ATLS) was acquired by Chevron, Inc. Concurrently with that transaction, AHD acquired all of ATLS' interests in its investment management business as well as the above-mentioned oil & gas assets. AHD paid approximately 23.4 million newly issued AHD units and $30 million in cash for these assets. These new units, along with 17.8 million previously owned by ATLS were distributed to all ATLS shareholders, along with approximately $46.53 per ATLS share.

ATLS itself was the result of a 2009 merger between Atlas America, Inc. , which formerly traded under the ATLS ticker, and another Atlas MLP, Atlas Energy Resources, LLC, which traded under the symbol "ATN." Many of the producing wells now owned by AHD, as well as the investment management business, were originally held by ATN.

Click here to go to the press release announcing the name change.