Atlas Pipeline looks to sell interest in West Texas pipeline

|About: Atlas Pipeline Partners, L.P. (APL)|By:, SA News Editor

Atlas Pipeline Partners (APL) says it has retained Citigroup to begin a strategic review of its ownership interest in West Texas LPG Pipeline, which owns a 2,295-mile common carrier natural gas liquids pipeline operated by Chevron (CVX); APL owns a 20% interest.

APL says potential proceeds in the event of a sale would be used to fund part of its growth opportunities in its core operating areas.