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Covington Advises UBS on Atlas Energy Deal

May 21, 2007

NEW YORK, NY, May 21, 2007 — Atlas Energy Resources, LLC announced that it has signed a definitive purchase agreement to acquire DTE Gas & Oil Company, a wholly owned subsidiary of DTE Energy Company, for $1.225 billion in cash. Covington & Burling LLP advised UBS Investment Bank, financial advisor to Atlas Energy, on the transaction, which is expected to close on or about June 30, 2007.

Atlas Energy Resources, LLC is an energy company focused on the development and production of natural gas and, to a lesser extent, oil principally in the Appalachian Basin. DTE is a diversified energy company involved in the development and management of energy-related businesses and services nationwide. UBS provides investment banking and securities, wealth management, asset management, and retail and corporate banking services worldwide.

The Covington team included New York partner J. D. Weinberg and associate Andrew Ment.

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