Penn Virginia Resource Partners, L.P. Announces Processing Plant Acquisition and Expanded Processing Capacity in the Panhandle System

RADNOR, Pa.--(Business Wire)--
Penn Virginia Resource Partners, L.P. (NYSE: PVR) today announced the
acquisition of gas processing and residue pipeline facilities in western
Oklahoma from Atlas Pipeline Partners, L.P. (NYSE: APL) for approximately $22.6
million in cash. Funding for the acquisition was provided by borrowings under
PVR`s revolving credit facility.

The acquired assets consist of a 60 million cubic feet (MMcf) per day processing
plant within APL`s 180 MMcf per day Sweetwater facility in Beckham County,
Oklahoma. The facilities will continue to be operated by APL. PVR Midstream
expects the facility to be processing PVR`s gas by the end of August 2009 after
system connections and field compression are installed at an additional cost of
approximately $5 million. Additionally, a recently completed 40 MMcf per day
processing plant expansion in PVR`s Beaver / Spearman complex (the "Panhandle
System") is expected to be in service by the end of July 2009.

The acquired and expanded processing facilities will increase PVR Midstream`s
processing capacity in the Panhandle System to 260 MMcf per day and overall
processing capacity to 400 MMcf per day. The increased processing capacity will
allow PVR Midstream to process gas volumes of approximately 50 MMcf per day
which were being bypassed due to processing capacity constraints in the
Panhandle System and will alleviate pipeline pressure-related volume constraints
in the eastern portion of the Panhandle System.

Management Comment

A. James Dearlove, Chief Executive Officer of PVR, said, "We are pleased with
this acquisition which, together with the Panhandle System expansion, increases
our processing capacity by one-third and considerably enhances our largest
system, positioning us to meet our producers` current and future gathering and
processing needs. With the combination of improved processing margins and
additional processing volumes, we expect the acquisition and processing capacity
expansion to be immediately accretive to PVR`s distributable cash flow."

Headquartered in Radnor, PA, Penn Virginia Resource Partners, L.P. (NYSE: PVR)
is a publicly traded limited partnership formed by Penn Virginia Corporation
(NYSE: PVA).PVR manages coal and natural resource properties and related assets
and operates a midstream natural gas gathering and processing business.

For more information about us, visit our website at www.pvresource.com.

Certain statements contained herein that are not descriptions of historical
facts are "forward-looking" statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Because such statements include risks, uncertainties
and contingencies, actual results may differ materially from those expressed or
implied by such forward-looking statements. These risks, uncertainties and
contingencies include, but are not limited to, the following: the volatility of
commodity prices for natural gas, natural gas liquids (NGLs) and crude oil; the
relationship between natural gas, NGL and crude oil prices; the projected demand
for and supply of natural gas, NGLs and crude oil; whether or not the
acquisition will be cash flow accretive; competition from other providers of
natural gas gathering and processing services; potential equipment malfunction
and repair delays; nonperformance by major customers; operating risks, including
unanticipated geological problems, incidental to our natural gas midstream
business; our ability to acquire new sources of natural gas supply and
connections to third-party pipelines on satisfactory terms; our ability to
retain existing or acquire new natural gas midstream customers; the occurrence
of unusual weather or operating conditions including force majeure events;
delays in anticipated start-up dates of our new processing plants in our natural
gas midstream business; environmental risks affecting the production, gathering
and processing of natural gas; hedging results; accidents; changes in
governmental regulation or enforcement practices, especially with respect to
environmental, health and safety matters; risks and uncertainties relating to
general domestic and international economic (including inflation, interest rates
and financial and credit markets) and political conditions (including the impact
of potential terrorist attacks); and other risks set forth in our Annual Report
on Form 10-K for the fiscal year ended December 31, 2008.

Additional information concerning these and other factors can be found in our
press releases and public periodic filings with the SEC, including our Annual
Report on Form 10-K for the year ended December 31, 2008. Many of the factors
that will determine our future results are beyond the ability of management to
control or predict. Readers should not place undue reliance on forward-looking
statements, which reflect management`s views only as of the date hereof. We
undertake no obligation to revise or update any forward-looking statements, or
to make any other forward-looking statements, whether as a result of new
information, future events or otherwise.

Penn Virginia Resource Partners, L.P.
James W. Dean
Vice President, Investor Relations
Ph: (610) 687-8900
Fax: (610) 687-3688
E-Mail: invest@pennvirginia.com

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