Exhibit 99.1

Contact: Brian J. Begley Vice President, Investor Relations (215) 546-5005 (215) 553-8455 (facsimile)

ATLAS PIPELINE HOLDINGS, L.P.

REPORTS THIRD QUARTER 2009 RESULTS

Philadelphia, PA, November 3, 2009 – Atlas Pipeline Holdings, L.P. (NYSE: AHD) (the “Partnership”), the parent of the general partner of Atlas Pipeline Partners, L.P. (NYSE: APL) (“APL” or “Atlas Pipeline”) and its subsidiaries, today reported its results for the third quarter 2009. The Partnership, which owns the 2% general partner interest, all of the incentive distribution rights, 5.8 million common and 15,000 $1,000 par value 12% preferred limited partnership units of Atlas Pipeline, presents its financial results consolidated with those of Atlas Pipeline.

On a GAAP basis, the Partnership had a net loss attributable to common limited partners of $3.6 million for the third quarter 2009 compared with income of $34.0 million for the prior year third quarter. The decrease in net income attributable to common limited partners was primarily due to non-cash derivative gains incurred in third quarter 2008 as a result of the decline in crude oil prices, compounded by lower average commodity prices during the current period. Please see today’s APL press release regarding its third quarter 2009 earnings for further information regarding its results.

Interested parties are invited to access the live webcast of an investor call with management regarding Atlas Pipeline’s third quarter 2009 results on Wednesday, November 4, 2009 at 9:00 am EST by going to the home page of Atlas Pipeline’s website at www.atlaspipelinepartners.com. An audio replay of the conference call will also be available beginning at 11:00 am EST on Wednesday, November 4, 2009. To access the replay, dial 1-888-286-8010 and enter conference code 60143730.

Atlas Pipeline Holdings, L.P. is a limited partnership which owns and operates the general partner of Atlas Pipeline Partners, L.P., through which it owns a 2% general partner interest, all the incentive distribution rights, 5.8 million common and 15,000 $1,000 par value 12% preferred limited partner units of Atlas Pipeline Partners, L.P.

Atlas Pipeline Partners, L.P. is active in the gathering and processing segments of the midstream natural gas industry. In the Mid-Continent region of Oklahoma, southern Kansas, northern and western Texas and the Texas panhandle, APL owns and operates eight active gas processing plants and a treating facility, as well as approximately 8,750 miles of active intrastate gas gathering pipeline. In Appalachia, APL is a 49% joint venture partner with Williams in Laurel Mountain Midstream, LLC, which manages the natural gas gathering system in that region, namely from the Marcellus Shale in southwestern Pennsylvania. For more information, visit APL’s website at www.atlaspipelinepartners.com or contact investorrelations@atlaspipelinepartners.com.

Atlas Energy, Inc. is one of the largest independent natural gas producers in the Appalachian and Michigan Basins and a leading producer in the Marcellus Shale in southwestern Pennsylvania. Atlas Energy, Inc. is also the country’s largest sponsor and manager of tax-advantaged energy investment partnerships that finance the exploration and development of Atlas Energy, Inc.’s acreage. Atlas Energy, Inc. also owns 1.1 million common units in APL and a 64% interest in AHD. For more information, please visit our website at www.atlasamerica.com, or contact Investor Relations at InvestorRelations@atlasamerica.com.

Certain matters discussed within this press release are forward-looking statements. Although Atlas Pipeline Holdings, 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. Factors that could cause actual results to differ materially from expectations include financial performance, inability of Atlas Pipeline Partners to successfully integrate the operations at the acquired systems, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in Atlas Holdings’ 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.

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ATLAS PIPELINE HOLDINGS, L.P. AND SUBSIDIARIES

Financial Summary

(unaudited; in thousands, except per unit amounts)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2009			2008 (1)			2009			2008 (1)
STATEMENTS OF OPERATIONS
Revenue:
Natural gas and liquids	$	194,440		$	396,739		$	526,478		$	1,186,688
Transportation, compression, and other fees – affiliates		380			11,916			16,877			32,496
Transportation, compression, and other fees – third parties		4,719			6,125			12,574			16,792
Equity income in joint venture		1,430			—			2,140			—
Gain on asset sales		1,499			—			111,440			—
Other income (loss), net		3,997			153,883			(6,694	)		(247,124	)
Total revenue and other income (loss), net		206,465			568,663			662,815			988,852
Costs and expenses:
Natural gas and liquids		144,990			314,315			409,411			937,852
Plant operating		14,762			16,652			42,713			46,418
Transportation and compression		134			2,883			6,256			7,842
General and administrative		9,159			(2,964	)		25,864			10,981
Compensation reimbursement – affiliates		375			1,175			1,125			3,694
Depreciation and amortization		21,896			20,741			67,563			61,200
Interest		29,283			22,564			77,800			63,960
Total costs and expenses		220,599			375,366			630,732			1,131,947
Income (loss) from continuing operations		(14,134	)		193,297			32, 083			(143,095	)
Discontinued operations:
Gain on sale of discontinued operations		—			—			51,078			—
Income from discontinued operations		—			6,538			11,417			21,029
Income from discontinued operations		—			6,538			62,495			21,029
Net income (loss)		(14,134	)		199,835			94,578			(122,066	)
Income attributable to non-controlling interests		(954	)		(2,591	)		(2,075	)		(7,793	)
(Income) loss attributable to non-controlling interest in Atlas Pipeline Partners, L.P.		11,487			(163,239	)		(82,201	)		122,843
Net income (loss) attributable to common limited partners	$	(3,601	)	$	34,005		$	10,302		$	(7,016	)
Net income (loss) per common limited partner unit:
Basic:
Continuing operations	$	(0.13	)	$	1.18		$	0.05		$	(0.34	)
Discontinued operations		—			0.04			0.32			0.09
	$	(0.13	)	$	1.22		$	0.37		$	(0.25	)
Diluted:
Continuing operations	$	(0.13	)	$	1.16		$	0.05		$	(0.34	)
Discontinued operations		—			0.04			0.32			0.09
	$	(0.13	)	$	1.20		$	0.37		$	(0.25	)
Weighted average common limited partner units outstanding:
Basic		27,659			27,658			27,659			27,462
Diluted		27,659			27,987			27,659			27,462
Amounts attributable to common limited partners:
Continuing operations	$	(3,601	)	$	32,859		$	1,433		$	(9,556	)
Discontinued operations		—			1,146			8,869			2,540
Net income (loss) attributable to common limited partners	$	(3,601	)	$	34,005		$	10,302		$	(7,016	)

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ATLAS PIPELINE HOLDINGS, L.P. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(unaudited; in thousands)

	September 30, 2009			December 31, 2008 (1)
ASSETS
Current assets:
Cash and cash equivalents	$	5,588		$	7,285
Accounts receivable – affiliates		—			341
Accounts receivable		71,118			100,000
Current portion of derivative asset		4,514			44,961
Prepaid expenses and other		15,315			10,998
Current assets of discontinued operations		—			13,441
Total current assets		96,535			177,026
Property, plant and equipment, net		1,698,226			1,781,011
Intangible assets, net		174,480			193,647
Investment in joint venture		133,740			—
Long-term portion of derivative asset		1,980			—
Other assets, net		35,013			25,135
Long-term assets of discontinued operations		—			242,165
	$	2,139,974		$	2,418,984
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities:
Current portion of long-term debt	$	31,658		$	—
Accounts payable – affiliates		852			—
Accounts payable		19,706			66,571
Accrued liabilities		31,546			15,862
Current portion of derivative liability		41,464			60,947
Accrued producer liabilities		45,539			66,846
Current liabilities of discontinued operations		—			10,572
Total current liabilities		170,765			220,798
Long-term derivative liability		9,256			48,333
Long-term debt, less current portion		1,243,050			1,539,427
Other long-term liability		448			574
Commitments and contingencies
Partners’ capital:
Common limited partners’ interests		(1,903	)		(5,463	)
Accumulated other comprehensive loss		(8,424	)		(15,788	)
		(10,327	)		(21,251	)
Non-controlling interests		(30,255	)		(32,337	)
Non-controlling interest in Atlas Pipeline Partners, L.P.		757,037			663,440
Total partners’ capital		716,455			609,852
	$	2,139,974		$	2,418,984

⁽¹⁾ Restated to reflect amounts reclassified to discontinued operations due to APL’s sale of its NOARK gas gathering and interstate pipeline system.

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