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Atlas Pipeline engages Citigroup to sell interest in West Texas pipeline

Atlas Pipeline Partners (APL) announced that it has retained Citigroup (C) to begin a strategic review of its ownership interest in the West Texas LPG Pipeline. To the extent that Atlas Pipeline executes any transaction, the potential proceeds will be used to fund part of its significant growth opportunities in its core operating areas. WTXLPG owns a 2,295 mile common carrier y-grade natural gas liquids pipeline operated by a subsidiary of Chevron (CVX). Atlas Pipeline owns a 20% interest in WTXLPG. The pipeline receives natural gas liquids from multiple receipt points in the Permian