<PAGE>


                     U.S. Securities and Exchange Commission
                             Washington, D.C. 20549
                                   Form 10-QSB
(Mark One)

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

                For the quarterly period ended September 30, 2002

[ ]            TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934 [No Fee Required]

                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
incorporation or organization)                               Identification No.)
311 Rouser Road
Moon Township, PA                                                          15108
(Address of principal executive offices)                              (Zip code)

Issuer's telephone number, including area code:  (412) 262-2830

        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
                                                                      ---   ---



<PAGE>


                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)
                            INDEX TO QUARTERLY REPORT
                                  ON FORM 10QSB


PART I.  FINANCIAL INFORMATION                                              PAGE

Item 1.   Financial Statements

           Balance Sheets as of September 30, 2002 (Unaudited) and
             December 31, 2001..........................................      3

          Statements of Operations for the Three Months and Nine Months Ended
            September 30, 2002 and 2001 (Unaudited).....................      4

          Statement of Partners' Capital for the Nine Months Ended
            September 30, 2002 (Unaudited)..............................      5

          Statements of Cash Flows for the Nine Months Ended
            September 30, 2002 and 2001 (Unaudited).....................      6

          Notes to Financial Statements (Unaudited)..................... 7 - 10

Item 2.   Management's Discussion and Analysis of Financial Condition
            and Results of Operations...................................11 - 13

Item 3.   Quantitative and Qualitative Disclosures about Market Risk....     14

Item 4.   Evaluation of Disclosure Controls and Procedures..............     14


PART II.  OTHER INFORMATION

Item 5.   Exhibits and Reports on Form 8-K..............................     15

SIGNATURES..............................................................     16

                                       2

<PAGE>


                                     PART I


ITEM 1.  FINANCIAL STATEMENTS


                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

                                 BALANCE SHEETS


<TABLE>
<CAPTION>

                                                                                        September 30,     December 31,
                                                                                        -------------     ------------
                                                                                            2002             2001
                                                                                     -----------------   --------------
                                                                                       (Unaudited)
<S>                                                                                  <C>                 <C>
ASSETS
Cash.............................................................................      $      145,600    $      23,800
Accounts receivable - affiliate..................................................             156,900          435,000
Unrealized hedging gains.........................................................                   -           14,900

Oil and gas wells and properties (successful efforts)............................          13,704,800       13,704,800
Less accumulated depletion and depreciation......................................          (9,779,900)      (9,459,600)
                                                                                       --------------    -------------
                                                                                            3,924,900        4,245,200
                                                                                       --------------    -------------
                                                                                       $    4,227,400    $   4,718,900
                                                                                       ==============    =============




LIABILITIES AND PARTNERS' CAPITAL
Accounts payable - affiliate.....................................................      $      134,800    $     129,800
Unrealized hedging losses........................................................              54,800                -

Partners' capital:
   Managing General Partner......................................................             669,700          766,800
   Limited Partners (1,200 units)................................................           3,422,900        3,807,400
   Accumulated other comprehensive income (loss).................................             (54,800)          14,900
                                                                                       --------------    -------------
                                                                                            4,037,800        4,589,100
                                                                                       --------------    -------------
                                                                                       $    4,227,400    $   4,718,900
                                                                                       ==============    =============
</TABLE>

    The accompanying notes are an integral part of these financial statements

                                       3

<PAGE>


                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

                      STATEMENTS OF OPERATIONS (Unaudited)


<TABLE>
<CAPTION>

                                                                         Three Months Ended          Nine Months Ended
                                                                            September 30,              September 30,
                                                                      ------------------------   -------------------------
                                                                          2002        2001          2002           2001
                                                                      ----------    ----------   ------------  -----------
<S>                                                                   <C>           <C>          <C>           <C>
REVENUES:
Natural gas and oil.................................................  $  247,800    $  466,800   $    733,600  $ 1,621,700
Interest income.....................................................         300         2,600          1,000        7,400
                                                                      ----------    ----------   ------------  -----------
                                                                         248,100       469,400        734,600    1,629,100
                                                                      ----------    ----------   ------------  -----------


COSTS AND EXPENSES:
Production expenses.................................................      81,800       296,400        234,700      467,900
Depletion and depreciation of oil and gas properties................      97,900       109,900        320,300      400,800
General and administrative expenses.................................      16,700        20,900         54,800       45,500
                                                                      ----------    ----------    -----------  -----------
                                                                         196,400       427,200        609,800      914,200
                                                                      ----------    ----------    -----------  -----------
Net earnings........................................................  $   51,700    $   42,200    $   124,800  $   714,900
                                                                      ==========    ==========    ===========  ===========


ALLOCATION OF NET EARNINGS (LOSS):

Managing General Partner............................................  $   (4,500)   $   30,100    $       400  $   283,500
                                                                      ==========    ==========    ===========  ===========

Limited Partners....................................................  $   56,200    $   12,100    $   124,400  $   431,400
                                                                      ==========    ==========    ===========  ===========

Net earnings per limited partnership unit...........................  $       47    $       10    $       104  $       359
                                                                      ==========    ==========    ===========  ===========
</TABLE>

    The accompanying notes are an integral part of these financial statements

                                       4

<PAGE>




                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

               STATEMENT OF PARTNERS' CAPITAL ACCOUNTS (Unaudited)
                    FOR NINE MONTHS ENDED SEPTEMBER 30, 2002

<TABLE>
<CAPTION>

                                                                                             Accumulated
                                                               Managing                         Other
                                                                General         Limited     Comprehensive
                                                                Partner        Partners     Income (Loss)      Total
                                                            --------------   -------------   -----------   -------------
<S>                                                         <C>              <C>             <C>           <C>
Balance at January 1, 2002................................. $      766,800   $   3,807,400   $    14,900   $   4,589,100

Comprehensive income (loss):
   Participation in revenue and expenses:
     Net production revenues...............................        154,700         344,200             -         498,900
     Subordination of Managing General
      Partner's income.....................................        (90,400)         90,400             -               -
     Interest income.......................................            300             700             -            1000
   Depletion and depreciation..............................        (47,200)       (273,100)            -        (320,300)
     General and administrative............................        (17,000)        (37,800)            -         (54,800)
                                                            --------------   -------------   -----------   -------------
      Net earnings.........................................            400         124,400             -         124,800
   Change in fair value of cash flow hedges................                              -       (69,700)        (69,700)
                                                                                                           -------------
   Comprehensive income....................................                                                       55,100
   Distributions to partners...............................        (97,500)       (508,900)            -        (606,400)
                                                            --------------   -------------   -----------   -------------
Balance at September 30, 2002.............................. $      669,700   $   3,422,900   $   (54,800)  $   4,037,800
                                                            ==============   =============   ===========   =============
</TABLE>

    The accompanying notes are an integral part of these financial statements

                                       5

<PAGE>



                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

                      STATEMENTS OF CASH FLOWS (Unaudited)
                FOR NINE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001


<TABLE>
<CAPTION>

                                                                                              Nine Months Ended
                                                                                       --------------------------------
                                                                                                 September 30,
                                                                                       --------------------------------
                                                                                             2002              2001
                                                                                       --------------    --------------
<S>                                                                                    <C>               <C>
Cash flows from operating activities:
Net earnings.........................................................................  $    124,800      $     714,900
Adjustments to reconcile net earnings to net cash provided by operating activities:
   Depletion and depreciation:.......................................................       320,300            400,800
   (Increase) decrease in accounts receivable - affiliate............................       278,100           (220,900)
   Increase in accounts payable and accrued liabilities..............................         5,000             83,300
                                                                                       ------------      -------------

Net cash provided by operating activities............................................       728,200            978,100


Cash flows from financing activities:
Distributions to partners............................................................      (606,400)        (1,193,700)
                                                                                       ------------      -------------

Net cash used in financing activities................................................      (606,400)        (1,193,700)
                                                                                       ------------      -------------

Net increase (decrease) in cash......................................................       121,800           (215,600)
                                                                                       ------------      -------------



Cash at beginning of period..........................................................        23,800            247,100
                                                                                       ------------      -------------

Cash at end of period................................................................  $    145,600      $      31,500
                                                                                       ============      =============
</TABLE>

    The accompanying notes are an integral part of these financial statements

                                       6

<PAGE>


                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS (Unaudited)
       FOR THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001

NOTE 1 - MANAGEMENT'S OPINION REGARDING INTERIM FINANCIAL STATEMENTS

         The financial statements of the Atlas - Energy for The Nineties -
Public #7 Ltd. (the Partnership) for the three months and nine months ended
September 30, 2002 and 2001 are unaudited. Certain information and footnote
disclosures normally included in financial statements prepared in accordance
with accounting principles generally accepted in the United States of America
have been condensed or omitted in this Form 10-QSB pursuant to the rules and
regulations of the Securities and Exchange Commission. However, in the opinion
of management, these interim financial statements include all the necessary
adjustments to fairly present the results of the interim periods presented. The
unaudited interim financial statements should be read in conjunction with the
audited financial statements included in the Partnership's Form 10-KSB for the
calendar year ended December 31, 2001. The results of operations for the nine
months ended September 30, 2002 may not necessarily be indicative of the results
of operations for the full calendar year ending December 31, 2002.

        Certain reclassifications have been made to the financial statements for
the three months and nine months ended September 30, 2001 to conform with the
three months and nine months ended September 30, 2002.

NOTE 2 - NEW ACCOUNTING STANDARDS

         In June 2001, the Financial Accounting Standards Board issued SFAS No.
143, "Accounting for Asset Retirement Obligations". SFAS No. 143 requires
entities to record the fair value of a liability for an asset retirement
obligation in the period in which it is incurred and a corresponding increase in
the carrying amount of the related long-lived asset and will be effective for
fiscal years beginning after June 15, 2002. The Partnership is required to adopt
SFAS No. 143 effective January 1, 2003 and has not yet determined the impact of
this new accounting standard.

         In October 2001, SFAS No. 144, "Accounting for the Impairment or
Disposal of Long-Live Assets" ("SFAS 144") was issued. SFAS 144 requires that
one accounting model be used for long-lived assets to be disposed of by sale,
whether previously held and used or newly acquired, and broadens the definition
of what constitutes discontinued operations to include more disposal
transactions. Under SFAS 144, assets held for sale that are a component of an
entity are included in discontinued operations and cash flows will be eliminated
from the ongoing operations if the entity does not have any significant
continuing involvement in the operations prospectively. The adoption of SFAS 144
had no impact on the Partnership's financial position or results of operations.

         In May 2002, SFAS No. 145, "Rescission of FASB Statements No. 4, 44,
and 64, Amendment of FASB Statement No. 13, and Technical Corrections" ("SFAS
145") was issued. SFAS 145 rescinds the automatic treatment of gains and losses
from extinguishments of debt as extraordinary unless they meet the criteria for
extraordinary items as outlined in Accounting Principles Board Opinion No. 30,
"Reporting the Results of Operations, Reporting the Effects of Disposal of a
Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring
Events and Transactions." SFAS 145 also requires sale-leaseback accounting for
certain lease modifications that have economic effects similar to a
sale-leaseback transaction and makes various corrections to existing
pronouncements. The adoption of SFAS 145 had no impact on the Partnership's
financial position or results of operations.

                                       7

<PAGE>



                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS (Unaudited)
       FOR THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001

NOTE 2 - NEW ACCOUNTING STANDARDS (Continued)

In June 2002, the FASB reached a consensus on certain issues raised in Emerging
Issues task Force ("EITF") Issue No. 02-3. The consensus requires mark-to-market
gains and losses on energy trading contracts to be shown net in the income
statement whether or not these contracts are settled physically as well as
disclosures of gross transaction volumes for contracts that are physically
settled. This provision in EITF Issue 02-3 is effective for financial statements
ending after July 15, 2002, and comparative financial statements will be
reclassified to conform to the new presentation. Additional disclosures such as
types of contracts accounted for as energy trading contracts, reconciliation of
beginning and ending fair values and descriptions of methods and assumptions
used to estimate fair value are also required. These additional disclosures are
effective for financial statements issued for fiscal years ending after July 15,
2002.

         In July 2002, SFAS No. 146, "Accounting for Costs Associated with Exit
or Disposal Activities" ("SFAS 146") was issued. SFAS 146 is effective for exit
or disposal activities initiated after December 31, 2002. The Partnership has
not yet adopted SFAS 146 nor determined the effect of the adoption of SFAS 146
on its financial position or results of operations.

NOTE 3 - COMPREHENSIVE INCOME (LOSS)

The following table presents comprehensive income (loss) for the periods
indicated:

<TABLE>
<CAPTION>

                                                                        Three Months Ended            Nine Months Ended
                                                                           September 30,                September 30,
                                                                      ------------------------    -------------------------
                                                                         2002          2001           2002         2001
                                                                      ----------    ----------    -----------  ------------
<S>                                                                   <C>           <C>           <C>          <C>
Net earnings........................................................  $   51,700    $   42,200    $   124,800  $    714,900
Other comprehensive income (loss):
       Unrealized gain (loss) on natural gas futures contracts......     (40,100)            -        (69,700)       14,900
                                                                      ----------    ----------    -----------  ------------

Comprehensive income................................................  $   11,600    $   42,200    $    55,100  $    729,800
                                                                      ==========    ==========    ===========  ============
</TABLE>

                                       8

<PAGE>


                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS (Unaudited)
       FOR THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001

NOTE 4 - TRANSACTIONS WITH ATLAS AND ITS AFFILIATES

         The Partnership has entered into the following significant transactions
with Atlas Resources, Inc. (Atlas), the Managing General Partner, and its
affiliates as provided under the Partnership agreement:

         o   Administrative costs payable to Atlas at $75 per well per month.
             Administrative costs incurred in the three months ended September
             30, 2002 and 2001 were $11,800 and $16,100, respectively, and
             $36,300 and $39,500 for the nine months ended September 30, 2002
             and 2001, respectively.

         o   Monthly well supervision fees payable to Atlas at $275 per well per
             month for operating and maintaining the wells. Well supervision
             fees incurred for the three months ended September 30, 2002 and
             2001 were $45,500 and $42,300, respectively, and $136,100 and
             $130,200 for the nine months ended September 30, 2002 and 2001,
             respectively.

         o   Transportation fees paid to Atlas of $.29 per mcf. Transportation
             costs incurred for the three months ended September 30, 2002 and
             2001 were $17,500 and $25,000, respectively, and $57,900 and
             $88,800 for the nine months ended September 30, 2002 and 2001,
             respectively.

         o   As managing general partner, Atlas performs all administrative and
             management functions for the Partnership including billing revenues
             and paying expenses. Accounts receivable - affiliate on the balance
             sheet represents the net production revenues due from Atlas.

                                       9

<PAGE>


                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS (Unaudited)
       FOR THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001

NOTE 5 - HEDGING ACTIVITIES

         Atlas enters into natural gas futures and option contracts to hedge the
partnership's exposure to changes in natural gas prices. At any point in time,
such contracts may include regulated New York Mercantile Exchange ("NYMEX")
futures and options contracts and non-regulated over-the-counter futures
contracts with qualified counter parties. NYMEX contracts are generally settled
with offsetting positions, but may be settled by the delivery of natural gas.
Although hedging provides Atlas and its affiliates, including the Partnership,
some protection against falling prices, these activities could also reduce the
potential benefits of price increases, depending upon the instrument. Atlas does
not hold derivative instruments for trading purposes.

         Effective January 1, 2001, the Partnership adopted Statement of
Financial Accounting Standards No. 133 ("SFAS 133") Accounting for Derivative
Instruments and Hedging Activities (as amended by SFAS 138). This statement
establishes accounting and reporting standards for derivative instruments and
hedging activities. The statement requires that all derivative financial
instruments are recognized in the financial statements as either assets or
liabilities measured at fair value. Changes in the fair value of derivative
financial instruments are recognized in income or other comprehensive income,
depending on their classification. Upon adoption of SFAS 133, the Partnership
recognized the unrealized loss on derivatives designated as cash flow hedges of
$84,000 at January 1, 2001 in accumulated other comprehensive income as a
cumulative effect of accounting change.

       At September 30, 2002, Atlas had natural gas futures and option contracts
covering approximately 169,000 dekatherms ("Dth") of the Partnership's gas
production maturing April 2002 through September 2003 at a combined average
price of $3.57 per Dth. As these contracts qualify and have been designated as
cash flow hedges, any gains or losses resulting from market price changes are
deferred and recognized as a component of sales revenues in the month the gas is
sold. Gains or losses on futures contracts are determined as the difference
between the contract price and a reference price, generally prices on NYMEX. The
Partnership's net unrealized loss related to open NYMEX contracts was $54,800 at
September 30, 2002. The unrealized loss of $54,800 at September 30, 2002 has
been recorded as a liability on the Partnership's 2002 balance sheet and in
partners' capital as accumulated other comprehensive income. As of September 30,
2002, $54,800 of the unrealized loss is expected to be reclassified to earnings
during the next 12 months. The Partnership's recognized losses for settled
contracts covering natural gas production for the nine months ended September
30, 2002 was $7,000. The Partnership recognized no gains or losses during the
nine months ended September 30, 2002 for hedge ineffectiveness or as a result of
the discontinuance of cash flow hedges. The Partnership assesses the
effectiveness of its hedges based on changes in the derivates' intrinsic value.

                                       10

<PAGE>



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS and RESULTS OF OPERATIONS
(UNAUDITED)

Forward-Looking Statements

         WHEN USED IN THIS FORM 10-QSB, THE WORDS "BELIEVES" "ANTICIPATES"
"EXPECTS" AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING
STATEMENTS. SUCH STATEMENTS ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES MORE
PARTICULARLY DESCRIBED IN ITEM 1 OF THIS REPORT. THESE RISKS AND UNCERTAINTIES
COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY. READERS ARE CAUTIONED NOT TO
PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF
THE DATE HEREOF. WE UNDERTAKE NO OBLIGATION TO PUBLICLY RELEASE THE RESULTS OF
ANY REVISIONS TO FORWARD-LOOKING STATEMENTS WHICH WE MAY MAKE TO REFLECT EVENTS
OR CIRCUMSTANCES AFTER THE DATE OF THIS FORM 10-QSB OR TO REFLECT THE OCCURRENCE
OF UNANTICIPATED EVENTS.

         Management's Discussion and Analysis should be read in conjunction with
our Financial Statements and the notes to our Financial Statements.

Results of Operations

         The following table sets forth information relating to revenues
recognized and costs and expenses incurred, daily production volumes, average
sales prices and production cost per equivalent unit during the periods
indicated:

<TABLE>
<CAPTION>

                                                                         Three Months Ended             Nine Months Ended
                                                                            September 30,                 September 30,
                                                                     --------------------------    ------------------------
                                                                        2002            2001          2002          2001
                                                                     -----------    -----------    -----------  -----------
                                                                                      (in thousands, except
                                                                               sales price and production cost data)
<S>                                                                  <C>            <C>            <C>          <C>
Production revenues
     Gas .........................................................   $       248    $       467    $       734  $     1,622
     Oil..........................................................   $         -    $         -    $         -  $         -

Production volumes:
     Gas (thousands of cubic feet ("mcf")/day)....................           710            936            778        1,121
     Oil (barrels (`bbls")/day)...................................             -              -              -            -

Average sales prices:
     Gas (per mcf)................................................   $      3.80    $      5.42    $      3.46  $      5.30
     Oil (per bbl)................................................   $        -     $         -    $         -  $         -

Average production costs:
     As a percent of sales........................................           33%             63%            32%          29%
     (per mcf equivalent unit)....................................   $      1.25    $      3.44    $      1.11  $      1.53
</TABLE>

                                       11

<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS
(UNAUDITED) - (Continued)

Results of Operations - (Continued)

         Net Earnings. During the three months and nine months ended September
30, 2002, we had net earnings of $51,700 and $124,800 as compared with net
earnings for the three months and nine months ended September 30, 2001 of
$42,200 and $714,900 an increase of $9,500 (23%) and a decrease of $590,100
(83%).

         Revenues. Our natural gas revenues were $247,800 and $733,600 in the
three months and nine months ended September 30, 2002, a decrease of $219,000
(47%) and $888,100 (55%) from $466,800 and $1,621,700 in the three months and
nine months ended September 30, 2001. These decreases were due to a 33%
($155,700) and 36% ($580,100) decrease in the average sales price of natural gas
for the three months and nine months ended September 30, 2002, respectively, and
a 20% ($63,300) and 30% ($308,000) decrease in production volumes for the three
months and nine months ended September 30, 2002, respectively.

         The decrease in gas production volumes results primarily from the
normal decline inherent in the life of a well. The impact of the lower gas
production was further impacted by a decrease in natural gas prices, which
decreased by $1.63 per Mcf and $1.84 per Mcf to $3.80 per Mcf and $3.46 per Mcf
in the three months and nine months ended September 30, 2002. Our revenues from
our natural gas sales will continue to be affected by changes in natural gas
prices which are driven by market conditions.

         Expenses. Production expenses were $81,800 and $234,700 in the three
months and nine months ended September 30, 2002, a decrease of $214,600 (72%)
and $233,200 (50%) in the three months and nine months ended September 30, 2001.
This decrease is attributable to a decrease in transportation expenses due to
the lower production volumes.

         Depletion and depreciation of oil and gas properties as a percentage of
oil and gas revenues was 40% and 44% in the three months and nine months ended
September 30, 2002 compared to 24% and 25% for the three months and nine months
ended September 30, 2001. These percentage changes are directly attributable to
changes in our oil and gas reserve quantities, product prices and reductions in
the depletable cost basis of oil and gas properties.

         General and administrative expenses were $16,700 and $54,800 in the
three months and nine months ended September 30, 2002, a decrease of $4,200
(20%) and an increase of $9,300 (20%) in the three months and nine months ended
September 30, 2001. The decrease is attributable to the timing of the expenses
being incurred by the partnership. The increase is attributable to an increase
in fees to audit the partnership books. These expenses include the monthly
administrative fees charged by the managing general partner to each productive
well and legal and audit fees.

         Liquidity and Capital Resources. At September 30, 2002 we had working
capital of $112,900, a decrease of $231,000 from $343,900 at December 31, 2001.
Cash increased $121,800 from December 31, 2001.

         There were no new material commitments for us to make capital
expenditures during the period and we do not expect any in the foreseeable
future. Any additional funds, if required will be obtained from production
revenues or borrowings from our managing general partner or its affiliates,
which are not contractually committed to make a loan. The amount that may be
borrowed may not at any time exceed 5% of our total subscriptions, and no
borrowings will be obtained from third parties.

                                       12

<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS
(UNAUDITED) - (Continued)

Results of Operations - (Continued)

         Recent Accounting Pronouncements. In July 2001, the Financial
Accounting Standards Board issued SFAS No. 143, "Accounting for Asset Retirement
Obligations". SFAS No. 143 requires entities to record the fair value of a
liability for an asset retirement obligation in the period in which it is
incurred and a corresponding increase in the carrying amount of the related
long-lived asset and will be effective for fiscal years beginning after July 15,
2002. The Partnership is required to adopt SFAS No. 143 effective January 1,
2003 and has not yet determined the impact of this new accounting standard.

         In October 2001, SFAS No. 144, "Accounting for the Impairment or
Disposal of Long-Live Assets" ("SFAS 144") was issued. SFAS 144 requires that
one accounting model be used for long-lived assets to be disposed of by sale,
whether previously held and used or newly acquired, and broadens the definition
of what constitutes discontinued operations to include more disposal
transactions. Under SFAS 144, assets held for sale that are a component of an
entity are included in discontinued operations and cash flows will be eliminated
from the ongoing operations if the entity does not have any significant
continuing involvement in the operations prospectively. The adoption of SFAS 144
had no impact on the Partnership's financial position or results of operations.

         In May 2002, SFAS No. 145, "Rescission of FASB Statements No. 4, 44,
and 64, Amendment of FASB Statement No. 13, and Technical Corrections" ("SFAS
145") was issued. SFAS 145 rescinds the automatic treatment of gains and losses
from extinguishments of debt as extraordinary unless they meet the criteria for
extraordinary items as outlined in Accounting Principles Board Opinion No. 30,
"Reporting the Results of Operations, Reporting the Effects of Disposal of a
Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring
Events and Transactions." SFAS 145 also requires sale-leaseback accounting for
certain lease modifications that have economic effects similar to a
sale-leaseback transaction and makes various corrections to existing
pronouncements. The adoption of SFAS 145 had no impact on the Partnership's
consolidated financial position or results of operations.

         In June 2002, the FASB reached a consensus on certain issues raised in
Emerging Issues task Force ("EITF") Issue No. 02-3. The consensus requires
mark-to-market gains and losses on energy trading contracts to be shown net in
the income statement whether or not these contracts are settled physically as
well as disclosures of gross transaction volumes for contracts that are
physically settled. This provision in EITF Issue 02-3 is effective for financial
statements ending after July 15, 2002, and comparative financial statements will
be reclassified to conform to the new presentation. Additional disclosures such
as types of contracts accounted for as energy trading contracts, reconciliation
of beginning and ending fair values and descriptions of methods and assumptions
used to estimate fair value are also required. These additional disclosures are
effective for financial statements issued for fiscal years ending after July 15,
2002.

         In July 2002, SFAS No. 146, "Accounting for Costs Associated with Exit
or Disposal Activities" ("SFAS 146") was issued. SFAS 146 is effective for exit
or disposal activities initiated after December 31, 2002. The Partnership has
not yet adopted SFAS 146 nor determined the effect of the adoption of SFAS 146
on its consolidated financial position or results of operations.

                                       13

<PAGE>


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         The primary objective of the following information is to provide
forward-looking quantitative and qualitative information about our potential
exposure to market risks. The term "market risk" refers to the risk of loss
arising from adverse changes in interest rates and oil and gas prices. The
disclosures are not meant to be precise indicators of expected future losses,
but rather indicators of reasonable possible losses. This forward-looking
information provides indicators of how we view and manage our ongoing market
risk exposures. All of our market risk sensitive instruments were entered into
for purposes other than trading.

         Commodity Price Risk. Our major market risk exposure in commodities is
the pricing applicable to our oil and gas production. Realized pricing is
primarily driven by the prevailing worldwide price for crude oil and spot market
prices applicable to U.S. natural gas production. Pricing for oil and gas
production has been volatile and unpredictable for many years. We periodically
enter into financial hedging transactions with respect to a portion of our
projected gas production. These financial hedging transactions are intended to
reduce the impact of oil and gas price fluctuations. Realized gains and losses
from the settlement of these hedges are recognized in gas revenues when the
associated production occurs. The gains and losses realized as a result of
hedging are substantially offset in the market when the commodity is delivered.
We do not hold or issue derivative instruments for trading purposes.

         Effective January 1, 2001, we adopted Statement of Financial Accounting
Standards No. 133, "Accounting for Derivative Instruments and Hedging
Activities" (as amended by SFAS No. 138). As of September 30, 2002, we had gas
hedges in place covering 169,000 dekatherms maturing through September 2003. The
unrealized loss on these hedges is a $54,800 liability at September 30, 2002 and
is included on our balance sheet and represents the estimated amount that would
have been realized had the hedges been terminated on that date. As these
contracts qualify and have been designated as cash flow hedges, gains and losses
on them resulting from market price changes are determined monthly and reflected
in accumulated other comprehensive income until the month in which the hedged
production is sold. At that time, the amount included in accumulated other
comprehensive income related to the sold production is closed to production
revenues. Gains or losses on open and closed hedging transactions are determined
as the difference between the contract price and a reference price, generally
closing prices on NYMEX.

ITEM 4.  EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

         The Chief Executive Officer and Chief Financial Officer of the
 Partnership's general partner have reviewed the Partnership's disclosure
 controls and procedures within 90 days prior to the filing of this report.
 Based upon this review, these officers believe that the Partnership's
 disclosure controls and procedures are effective in ensuring that material
 information related to the Partnership is made known to them by others within
 the Partnership.

Changes in Internal Controls

         There were no significant changes in the Partnership's internal
controls or in other factors that could significantly affect these controls
since the date of the Partnership's last evaluation of internal controls.

                                       14

<PAGE>




                                     PART II


ITEM 5.  EXHIBITS AND REPORTS ON FORM 8-K

    (a)  Exhibits:

         Exhibit No.   Description
         -----------   -----------

          4(a)         Certificate of Limited Partnership for Atlas-Energy for
                       the Nineties-Public #7 Ltd. (1)

          4(b)         Amended and Restated Certificate and Agreement of Limited
                       Partnership for Atlas-Energy for the Nineties-Public #7
                       Ltd. (1)

          10(a)        Drilling and Operating Agreement with exhibits (1)

          99.1         Certification Pursuant to 18 U.S.C., Section 1350, as
                       Adopted Pursuant to Section 906 of The Sarbanes-Oxley Act
                       of 2002

          99.2         Certification Pursuant to 18 U.S.C., Section 1350, as
                       Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act
                       of 2002

         (1) Previously filed in the Form 10-KSB for the period ending
             December 31, 1998.


    (b)  Reports on Form 8-K:

         None


                                       15

<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/Freddie M. Kotek
                           -----------------------------------------------------
                           Freddie M. Kotek, Chairman of the Board of Directors,
                           Chief Executive Officer and President
Date: November 12, 2002



        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/Freddie M. Kotek
                           -----------------------------------------------------
                           Freddie M. Kotek, Chairman of the Board of Directors,
                           Chief Executive Officer and President
Date: November 12, 2002


By (Signature and Title):  /s/ Nancy J. McGurk
                           -----------------------------------------------------
                           Nancy J. McGurk, Senior Vice President,
                           Chief Financial Officer and Chief Accounting Officer
Date: November 12, 2002

                                       16

<PAGE>


                                  CERTIFICATION

I, Freddie M. Kotek, Chief Executive Officer of Atlas Resources, Inc. (managing
general partner of the Partnership), hereby certify that:

1.   I have reviewed this quarterly report on Form 10-Q for the period ending
     September 30, 2002 of the Partnership;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary in
     order to make the statements made, in light of the circumstances under
     which such statements were made, not misleading with respect to the period
     covered by this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the Partnership as of, and for, the periods presented in this
     quarterly report;

4.   I am responsible for establishing and maintaining disclosure controls and
     procedures (as defined in Exchange Act Rules 13a-14 and 15-d-14) for the
     Partnership and we have:

     a)   designed such disclosure controls and procedures to ensure the
          material information relating to the Partnership is made known to us,
          particularly during the period in which this quarterly report was
          being prepared;

     b)   evaluated the effectiveness of the Partnership's disclosure controls
          and procedures within 90 days prior to the filing of this report, and

     c)   presented in this quarterly report our conclusions about the
          effectiveness of the disclosure controls and procedures based on our
          evaluation;

5.   I have disclosed, based on our most recent evaluation, to the Partnership's
     auditors and to the board of directors of the General Partners:

     a)   all significant deficiencies in the design or operation of internal
          controls which could adversely affect the Partnership's ability to
          record, process, summarize and report financial data and have
          identified for the Partnership's auditors any material weaknesses in
          internal controls; and

     b)   any fraud, whether or not material, that involves management or other
          employees who have a significant role in the Partnership's internal
          controls; and

6.   I have indicated in this quarterly report whether or not there were
     significant changes in internal controls or in other factors that could
     significantly affect internal controls subsequent to the date of our most
     recent evaluation, including any corrective actions with regard to
     significant deficiencies and material weaknesses.

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Partnership has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                    By: /s/ Freddie M. Kotek
                    ------------------
                    Freddie M. Kotek
                    Chief Executive Officer of the Managing General Partner
                    November 12, 2002

                                       17

<PAGE>




                                  CERTIFICATION

I, Nancy J. McGurk, Chief Financial Officer of Atlas Resources, Inc. (managing
general partner of the Partnership), hereby certify that:

1.   I have reviewed this quarterly report on Form 10-Q for the period ending
     September 30, 2002 of the Partnership;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary in
     order to make the statements made, in light of the circumstances under
     which such statements were made, not misleading with respect to the period
     covered by this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the Partnership as of, and for, the periods presented in this
     quarterly report;

4.   I am responsible for establishing and maintaining disclosure controls and
     procedures (as defined in Exchange Act Rules 13a-14 and 15-d-14) for the
     Partnership and we have:

     a)   designed such disclosure controls and procedures to ensure the
          material information relating to the Partnership is made known to us,
          particularly during the period in which this quarterly report was
          being prepared;

     b)   evaluated the effectiveness of the Partnership's disclosure controls
          and procedures within 90 days prior to the filing of this report, and

     c)   presented in this quarterly report our conclusions about the
          effectiveness of the disclosure controls and procedures based on our
          evaluation;

5.   I have disclosed, based on our most recent evaluation, to the Partnership's
     auditors and to the board of directors of the General Partners:

     a)   all significant deficiencies in the design or operation of internal
          controls which could adversely affect the Partnership's ability to
          record, process, summarize and report financial data and have
          identified for the Partnership's auditors any material weaknesses in
          internal controls; and

     b)   any fraud, whether or not material, that involves management or other
          employees who have a significant role in the Partnership's internal
          controls; and

6.   I have indicated in this quarterly report whether or not there were
     significant changes in internal controls or in other factors that could
     significantly affect internal controls subsequent to the date of our most
     recent evaluation, including any corrective actions with regard to
     significant deficiencies and material weaknesses.

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Partnership has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                    By: /s/ Nancy J. McGurk
                    ------------------
                    Nancy J. McGurk
                    Chief Financial Officer of the Managing General Partner
                    November 12, 2002

                                       18