Atlas Pipeline Partners L.P. (APL) filed Annual Report for the period ended 2011-12-31.
Atlas Pipln Ptr has a market cap of $1.93 billion; its shares were traded at around $37.74 with a P/E ratio of 15 and P/S ratio of 2.1. The dividend yield of Atlas Pipln Ptr stocks is 6.1%.
Highlight of Business Operations:WestOK. The WestOK gathering system is located in north central Oklahoma and southern Kansas Anadarko Basin. The gathering system has approximately 4,700 miles of active natural gas gathering pipelines with approximately 3,700 receipt points. The primary producers on the WestOK gathering system include Chesapeake Energy Corporation; SandRidge Exploration and Production, LLC; and Bluestem Marketing, LLC.
WestTX. The WestTX gathering system, which we operate, and in which we have an approximate 72.8% ownership, has approximately 3,100 miles of active natural gas gathering pipelines and approximately 2,900 receipt points located across seven counties within the Permian Basin in West Texas. Pioneer Natural Resources Company (NYSE: PXD) (Pioneer), the largest active driller in the Spraberry Trend and a major producer in the Permian Basin, owns the remaining interest in the WestTX system. The primary producers on the WestTX gathering system include Pioneer; COG Operating, LLC; and Endeavor Energy Resources, LP.
WestOK. The WestOK system processes natural gas through the Waynoka and Chester plants, which are active cryogenic natural gas processing facilities. The WestOK systems processing operations have total name-plate capacity of approximately 258 MMCFD. The Waynoka processing plant, a 200 MMCFD plant located in Woods County, Oklahoma, began operations in December 2006. The Chester plant, a 28 MMCFD plant located in Woodward County, Oklahoma, began operations in 1981. A new 30 MMCFD refrigeration plant has been constructed at the Chaney Dell plant site and was placed in operation in January 2012. A new 200 MMCFD cryogenic plant has been purchased and is being installed at the Waynoka site and is expected to be operational in mid-2012. The addition of this plant will increase the WestOK name-plate capacity to approximately 458 MMCFD. We transport and sell natural gas to parties, including various marketing companies and pipelines, at the tailgate of the Waynoka, Chester and Chaney Dell plants and sell NGL production to ONEOK Hydrocarbon, L.P.
WestTX. The WestTX system processes natural gas through the Consolidator, Midkiff and Benedum processing plants. The Consolidator plant is a 150 MMCFD cryogenic facility in Reagan County, Texas. The facility started operations in November 2009 and replaced the Midkiff plant. The Midkiff plant is a 60 MMCFD cryogenic facility in Reagan County, Texas, which was recommissioned in 2011. The Benedum plant is a 45 MMCFD cryogenic facility in Upton County, Texas. Our WestTX
We typically sell natural gas to purchasers downstream of our processing plants priced at various first-of-month indices as published in Inside FERC. Additionally, swing gas, which is natural gas sold during the current month, is sold daily at various Platts Gas Daily midpoint pricing points. The Velma plant has access to ONEOK Gas Transportation, LLC, Southern Star Central Gas Pipeline, Inc. and Natural Gas Pipeline Company of America. The Chaney Dell and Chester plants have access to Panhandle Eastern Pipe Line Company, LP. The Waynoka plant has access to Enogex LLC, Panhandle Eastern Pipe Line Company, LP and Southern Star Central Gas Pipeline, Inc. The WestTX plants have access to Kinder Morgan Texas Pipeline, Northern Natural Gas Company and El Paso Natural Gas Company.
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