Atlas Energy Resources, LLC (NYSE:ATN) (�Atlas Energy� or �the Company�) announced today that has priced a public offering of $200 million aggregate principal amount of 12.125% senior unsecured notes due 2017 at an offering price of $98.116 for a yield to maturity of 12.5%. Net proceeds from the offering will be used to reduce outstanding borrowings under its revolving credit facility. The sale of the notes is expected to settle on July 16, 2009, subject to customary closing conditions.

J.P. Morgan, Wells Fargo Securities, Banc of America Securities LLC and RBC Capital Markets are acting as joint book-running managers for the offering. The offering is being made pursuant to an effective shelf registration statement. The offering may be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by sending a request to:

J.P. Morgan Securities Inc.270 Park Avenue, Floor 5New York, NY 10017Telephone: (212) 270-1477

Wells Fargo Securities, LLCAttn: High Yield Syndicate � Deana Deep301 South College St. 0608Charlotte, NC 28202Telephone: (704) 715-0540

Banc of America Securities LLCAttn: Prospectus Department100 West 33rd Street, 3rd FloorNew York, NY 10001Telephone: (800) 294-1322

RBC Capital Markets CorporationThree World Financial Center200 Vesey Street, 9th FloorNew York, NY 10281Telephone: (212) 618-2207

An electronic copy of the prospectus and prospectus supplement is available from the Securities and Exchange Commission�s website at http://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Atlas Energy Resources, LLC is one of the largest independent natural gas producers in the Appalachian and Michigan Basins. The Company is also the country�s largest sponsor and manager of tax-advantaged energy investment partnerships that finance the exploration and development of the Company�s acreage.

Atlas America, Inc. owns approximately 48% of the Class B common unit interests and all of the management incentive interests in Atlas Energy Resources, LLC. Atlas America, Inc. also owns 1.1 million common units in Atlas Pipeline Partners, L.P. (NYSE:APL) and a 64% interest in Atlas Pipeline Holdings, L.P. (NYSE:AHD), a limited partnership which owns the general partner interest, all the incentive distribution rights and 5.8 million common units of Atlas Pipeline Partners, L.P.

Cautionary Note Regarding Forward-Looking Statements

This document contains forward-looking statements that involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. Atlas Energy cautions readers that any forward-looking information is not a guarantee of future performance. Such forward-looking statements include, but are not limited to, statements or assumptions regarding whether the proposed merger between Atlas America and Atlas Energy will occur, statements about the benefits of such proposed merger, including future financial and operating results, the combined company�s plans, objectives, expectations and intentions and other statements that are not historical facts. Risks, assumptions and uncertainties that could cause actual results to materially differ from the forward-looking statements include, but are not limited to, those associated with general economic and business conditions; well production and acreage potential; changes in commodity price; the possibility that the proposed merger might not occur; inability to obtain capital needed for operations; the level of indebtedness; changes in government environmental policies; tax consequences of business transactions; and other risks, assumptions and uncertainties detailed from time to time in either company�s reports filed with the U.S. Securities and Exchange Commission (the �SEC�), including each company�s report on Form 10-K for the year ended December 31, 2008. There can be no assurance that the transactions described in this document will be consummated. Forward-looking statements speak only as of the date hereof, and each company assumes no obligation to update such statements.

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