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                     U.S. Securities and Exchange Commission
                             Washington, D.C.  20549

                                   Form 10-QSB

                                   (Mark One)

            [X]  QUARTERLY REPORT PURSUANT SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended June 30, 2001

            [ ]  TRANSITION REPORT PURSUANT SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

            For the transition period from___________ to ____________

                         Commission file number   333-62167

                    Atlas-Energy for the Nineties-Public #7 Ltd.
                   (Name of small business issuer in its charter)

              Pennsylvania                               25-1814688
     (State or other jurisdiction of       (I.R.S. Employer identification No.)
     incorporated or organization)

                 311 Rouser Road, Moon Township, Pennsylvania  15108
                (Address of principle executive offices)   (Zip Code)

                         Issuer's telephone (412) 262-2830

(Former name, former address and former fiscal year, if changed since last
report)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
Yes X No

Transitional Small Business Disclosure Format (check one):
Yes X No

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FORWARD-LOOKING STATEMENTS AND ASSOCIATED RISKS

Other than statements of historical facts, the statements included in this
report and its exhibits address activities, events or developments that
management anticipates will or may occur in the future. These forward-looking
statements include such things as investment objectives, business strategy,
estimated future capital expenditures, competitive strengths and goals,
reference to future success, and other similar matters. These statements are
based on certain assumptions and analyses made by management in light of our
experience and perception of historical trends, current conditions and expected
future developments. However, whether actual results will conform with these
expectations is subject to a number of risks and uncertainties, many of which
are beyond our control, including general economic market or business
conditions, changes in laws or regulations, uncertainties concerning the price
of oil and gas, and other risks. Thus, all of the forward-looking statements
made in this report and its exhibits are qualified by these cautionary
statements. There can be no assurance that actual results will conform with our
expectations.

                                    PART I

Item 1.  Financial Statements

The unaudited Financial Statements of Atlas-Energy for the Nineties-Public #7
Ltd. (the "Partnership") for the period January 1, 2001 to June 30, 2001.

Item 2.  Description of Business

The Partnership has spudded 57.5 net wells to the Clinton/Medina formation in
Mercer, Lawrence, Warren and Venango Counties, Pennsylvania and Trumbull County
in Ohio. As of June 30, 2001, all wells are in production.

Revenues for the first six months were $1,087,391. Expenses for this period were
$414,702. Included in these expenses were $75.00 per month per producing well
for management fees and $275.00 per month per producing well for operating fees
charged by the managing partner.

For the next twelve months management believes that the Partnership has adequate
capital. No other wells will be drilled and, therefore, no additional funds will
be required.

Although management does not anticipate the need for additional funding, if the
need arises the Partnership will obtain the funding from production revenues or
from borrowings by the Partnership from Atlas or its affiliates, although Atlas
is not contractually committed to make such a loan. No borrowings will be
obtained from third parties.

                                    PART II

Item 1.  Legal Proceeding
         None

Item 2.  Changes in Securities
         None

Item 3.  Defaults Upon Senior Securities
         None

Item 4.  Submission of Matters to a Vote of Securities Holders
         None

Item 5.  Other Matters
         None

Item 6.  Reports on Form 8-K
         The registrant filed no reports on Form 8-K during the last quarter of
         the period covered by this report.


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<Table>
<Caption>


                              ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                                   (A PENNSYLVANIA LIMITED PARTNERSHIP)
                                              BALANCE SHEET
                                AS OF JUNE 30, 2001 AND DECEMBER 31, 2000


                                                                                JUNE 30         DECEMBER 31
                                                                                 2001               2000
                                                                              (unaudited)
                                                                           -----------------------------------
<S>                                                                        <C>                  <C>
ASSETS

CURRENT ASSETS

      Cash                                                                    $   430,190        $   247,113
      Accounts receivable - affiliate                                             348,277            364,178
                                                                           -----------------------------------

   TOTAL CURRENT ASSETS                                                           778,467            611,291

      Oil and Gas wells, drilling contracts, and leases                        13,704,818         13,704,818
        Less accumulated depletion and depreciation                            (9,215,126)        (8,924,198)
                                                                           -----------------------------------
                                                                                4,489,692          4,780,620

   TOTAL ASSETS                                                               $ 5,268,159        $ 5,391,911
                                                                           ===================================


LIABILITIES AND PARTNERS' CAPITAL

      Accounts payable - affiliate                                            $    40,114        $    20,201
      Accrued liabilities                                                           4,390              4,390
                                                                           -------------------------------------

   TOTAL CURRENT LIABILITIES                                                       44,504             24,591

      PARTNERS' CAPITAL
        Managing General Partner                                                1,027,292            925,677
        Limited Partners (1,200 units)                                          4,196,363          4,441,643
                                                                           -------------------------------------
                                                                                5,223,655          5,367,320

                                                                           -------------------------------------
   TOTAL LIABILITIES AND PARTNERS' CAPITAL                                    $ 5,268,159        $ 5,391,911
                                                                           =====================================

</Table>

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<Table>
<Caption>


                              ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                                   (A PENNSYLVANIA LIMITED PARTNERSHIP)
                                     STATEMENT OF INCOME (Unaudited)
                       FOR THE SIX AND THREE MONTHS ENDED JUNE 30, 2001 and 2000


                                                              Six Months Ended                         Three Months Ended
                                                          JUNE 30           JUNE 30                JUNE 30            JUNE 30
                                                           2001              2000                    2001              2000
                                                     ------------------------------------     -------------------------------------
<S>                                                  <C>                 <C>                  <C>                  <C>
REVENUES

     Natural gas and oil sales                         $ 1,082,576          $ 747,744             $ 500,977         $ 364,054
     Interest income                                         4,815              7,712                 2,035             5,058
                                                     ------------------------------------     -------------------------------------

  TOTAL REVENUE                                          1,087,391            755,456               503,012           369,112

EXPENSES

     Well operating expense                                 99,210            140,258                45,078            62,167
     Depletion and depreciation of oil and
       gas wells and leases                                290,928            431,363               140,764           205,790
     Management fees                                        23,363             23,296                19,253            11,681
     Other                                                   1,201                591                 1,201               383
                                                     ------------------------------------     -------------------------------------

  TOTAL EXPENSES                                           414,702            595,508               206,296           280,021

                                                     ------------------------------------     -------------------------------------
NET EARNINGS                                           $   672,689          $ 159,948             $ 296,716         $  89,091
                                                     ====================================     =====================================


ALLOCATION OF EARNINGS:

  Managing General Partner                             $   253,457          $  82,197             $ 121,891         $  43,177
                                                     ====================================     =====================================

  Limited Partners                                     $   419,232          $  77,751             $ 174,825         $  45,914
                                                     ====================================     =====================================

     Net earnings per limited partnership
       interest                                        $   349.36           $  64.79              $ 145.69          $  38.26
                                                     ====================================     =====================================

</Table>


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<Table>
<Caption>


                              ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                                   (A PENNSYLVANIA LIMITED PARTNERSHIP)
                                    STATEMENT OF CASH FLOWS (Unaudited)
                             FOR THE SIX MONTHS ENDED JUNE 30, 2001 AND 2000


                                                                        JUNE 30            JUNE 30
                                                                          2001              2000
                                                                   -------------------------------------
<S>                                                                <C>                     <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

   Net Earnings                                                          $ 672,689         $ 159,948
   Adjustments to reconcile net earnings to net cash
     provided by operating activities:
        Depletion and depreciation                                         290,928           431,363
        (Increase)/Decrease in accounts receivable                          15,901            58,945
        Increase/(Decrease) in account payable and
        accrued liabilities                                                 19,913            (9,418)
                                                                   -------------------------------------
CASH PROVIDED BY OPERATING ACTIVITIES                                      999,431           640,838

CASH FLOWS USED IN FINANCING ACTIVITIES:
   Distributions to Partners                                              (816,354)         (740,921)
                                                                   -------------------------------------
NET INCREASE/(DECREASE) IN CASH                                            183,077          (100,083)

CASH AT BEGINNING OF PERIOD                                                247,113           305,963
                                                                   -------------------------------------
CASH AT END OF PERIOD                                                    $ 430,190         $ 205,880
                                                                   =====================================

</Table>

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<Table>
<Caption>


                              ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                                   (A PENNSYLVANIA LIMITED PARTNERSHIP)
                           STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (UNAUDITED)
                                   FOR THE SIX MONTHS ENDED JUNE 30, 2001



                                                                MANAGING
                                                                 GENERAL           LIMITED
                                                                 PARTNER           PARTNERS            TOTAL
                                                            -------------------------------------------------------
<S>                                                         <C>                 <C>                 <C>

BALANCE AT JANUARY 1, 2001                                      $   925,677        $ 4,441,643       $ 5,367,320

Participation in revenue and expense
    Net Production Revenues                                         335,599            746,977         1,082,576
    Interest Income                                                   1,493              3,322             4,815
    Well Operating Costs                                            (30,755)           (68,455)          (99,210)
    Depletion and Depreciation                                      (45,265)          (245,663)         (290,928)
    Miscellaneous                                                    (7,243)           (16,120)          (23,363)
    Other costs                                                        (372)              (829)           (1,201)
                                                            -------------------------------------------------------
Net Earnings                                                        253,457            419,232           672,689

Distributions                                                      (151,842)          (664,512)         (816,354)
                                                            -------------------------------------------------------
BALANCE AT JUNE 30, 2001                                        $ 1,027,292        $ 4,196,363       $ 5,223,655
                                                            =======================================================

</Table>


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                   NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
                  Atlas-Energy for the Nineties-Public #7 Ltd.
                       A PENNSYLVANIA LIMITED PARTNERSHIP




1.       INTERIM FINANCIAL STATEMENTS

         The financial statements as of June 30, 2001 and for the six and three
Months then ended have been prepared by the management of the Partnership
without audit, pursuant to the rules and regulations of the Securities and
Exchange Commission. Certain information and footnote disclosures normally
included in the financial statements prepared in accordance with generally
accepted accounting principles have been omitted pursuant to such rules and
regulations, although the partnership believes that the disclosures are adequate
to make the information presented not misleading. These financial statements
should be read in conjunction with the audited December 31, 2000 financial
statements. In the opinion of management, all adjustments (consisting of only
normal recurring accruals) considered necessary for presentation have been
included.


2.       SIGNIFICANT ACCOUNTING POLICIES

         The Partnership uses the successful efforts method of accounting for
oil and gas activities. Costs to acquire mineral interests in oil and gas
properties and drill and equip wells are capitalized. Oil and gas properties are
periodically assessed and when unamortized costs exceed expected future net cash
flows, a loss is recognized by a charge to income.

         Capitalized costs of oil and gas wells and leases are depreciated,
depleted and amortized by the unit of production method.




<Page>

                      MANAGEMENT'S DISCUSSION AND ANALYSIS
                OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                  Atlas-Energy for the Nineties-Public #7 Ltd.

Management's discussion and analysis should be read in conjunction with the
financial statements and notes thereto.

RESULTS OF OPERATIONS

                          THREE MONTHS ENDED JUNE 30, 2001

Revenues

Natural gas and oil sales revenue for the three months ended June 30, 2001
increased by $136,923 (38%) while production declined 17,007 (12%) Mcf. The
increased sales reflects the increased price the partnership received while the
decline in production for the quarter reflects the normal decline curve of this
type of natural gas production. The natural gas and oil revenue received for the
quarter was $500,977 based on gas production of 129,986 Mcf. The average sales
price for gas production during this period was $3.85 per Mcf compared to June
30, 2000 of $2.75 per Mcf.

Expenses

Well operating expenses for the three months ended June 30, 2001 decreased by
$17,089 (27%). Well Operating Expense was $45,078 for the quarter ended June 30,
2001 as compared to $62,167 in the same quarter last year.

Depletion and depreciation for the three months ended June 30, 2001 decreased by
$65,026 (32%). Depletion and Depreciation in the quarter was $140,764 compared
to $205,790 last year.

Net Earnings increased by $207,625 (233%) principally because of the increase in
the gas price received in the quarter combined with the decrease in depletion
and depreciation.


                          SIX MONTHS ENDED JUNE 30, 2001

Revenues

Natural gas and oil sales revenue for the six months ended June 30, 2001
increased by $334,832 (45%) while production decreased 76,521 (25%) Mcf. The
natural gas and oil sales increase is attributed to the increase in the average
price of natural gas while the production decrease for the six months reflects
the normal decline curve for this type of well production. The revenue received
this year was $1,082,576 based on gas production of 231,595 Mcf. The average
sales price for gas production during this six month period was $4.67 per Mcf
compared to June 30, 2000 of $2.79 per Mcf.

Expenses

Well operating expenses for the six months ended June 30, 2001 decreased by
$41,048 (29%). Well operating expense was $99,210 for the six months ended June
30, 2001 as compared to $140,258 in the same comparable period of 2000.

Depletion and depreciation for the six months ended June 30, 2001 decreased by
$140,435 (33%). Depletion and Depreciation in the period ended June 30, 2001
was $290,928 compared to $431,363 for the six months ended June 30,2000.

Net Earnings increased by $512,741 (321%) principally because of the increase
in natural gas prices and the decline in depletion and depreciation expense.

FINANCIAL CONDITION

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LIQUIDITY

Working capital increased $147,263 (25%) in the six months ended June 30,2001.
Management believes that the partnership procedures will cause the partnership
to have an adequate working capital for the near future. The working capital on
June 30,2001 was $733,963 compared to $586,700 at December 31, 2000.

CAPITAL RESOURCES

There were no new material commitments for capital expenditures during the
period and the Partnership does not expect any in the foreseeable future.




<Page>





                                    SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                 Atlas-Energy for the Nineties-Public #7 Ltd.




By (Signature and Title:)                Atlas Resources, Inc.,
                                         Managing General Partner




By (Signature and Title:)                /s/ Frank Carolas
                                         Executive Vice President


Date:  August 14, 2001

In Accordance with the Exchange Act, this report has been signed by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.

By: (Signature and Title:)               /s/ Frank Carolas
                                         Executive Vice President

Date:  August 14, 2001

By: (Signature and Title:)               /s/ Louis Tierno, Jr.
                                         Corporate Controller

Date:  August 14, 2001