Atlas Energy, L.P. (NYSE: AHD) (“Atlas”) announced today that International Resource Partners LP (“IRP”), a metallurgical and steam coal business formed by Lightfoot Capital Partners, LP (“Lightfoot”), has entered into an agreement to be acquired by James River Coal Company (NASDAQ: JRCC) for $475 million in cash. The transaction is expected to close in the first half of 2011, subject to closing conditions.

Atlas Chairman and Lightfoot Chairman and co-founder Jonathan Z. Cohen stated, “This transaction is a significant accomplishment for Lightfoot and Atlas, as we have realized the strong value of IRP’s operations, after our team acquired and developed these assets for several years.”

Atlas and its partners formed Lightfoot in 2007 to acquire investments in energy-related assets and businesses, and Lightfoot also is the general partner and largest limited partner of IRP. Atlas owns 18% of the general partner of Lightfoot. Lightfoot will continue to operate its existing assets and will pursue further opportunities to expand its business.

Atlas Energy, L.P. (NYSE: AHD), formerly Atlas Pipeline Holdings, L.P., is a master limited partnership which owns and operates the general partner of 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. For more information, please visit our website at www.atlasenergy.com, or contact Investor Relations at InvestorRelations@atlasenergy.com.

Safe Harbor for 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, L.P. (“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 about Atlas Energy’s future financial and operating results, resource potential, the potential effect of Atlas Energy’s ceasing to be a controlled company, the potential effect of Atlas Pipeline Partners’ sale of its interest in Laurel Mountain Midstream and Atlas Energy’s plans, objectives, expectations and intentions and other statements that are not historical facts. Although Atlas Energy believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, no assurance can be given that these expectations will be attained and it is possible that our actual circumstances and results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Other risk factors relating to Atlas Energy’s business and its industry as detailed from time to time in Atlas Energy’s reports filed with the U.S. Securities and Exchange Commission. Atlas Energy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is directed to Atlas Energy’s filings with the U.S. Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K and its annual reports on Form 10-K, for a discussion of such risks and uncertainties.

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