-  2  -

                 U.S.  Securities  and  Exchange  Commission
                         Washington,  D.C.    20549
                                    AMENDED
                                  FORM  10-KSB
(Mark  One)
  
[  X  ]          ANNUAL  REPORT  UNDER  SECTION  13  OR  15(D)  OF  THE
     SECURITIES  EXCHANGE  ACT  OF  1934  [FEE  REQUIRED]
     For  the  fiscal  year  ended  December  31,  1996

[     ]          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    33-95330

     Atlas-Energy  for  the  Nineties-Public  #4  Ltd.
     (Name  of  small  business  issuer  in  its  charter)

                 Pennsylvania                               25-1772474

        (State or other jurisdiction of                       (I.R.S.
         Employer  incorporation  or  organization)      Identification  No.)

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

Issuer's  telephone  number  (412)  262-2830
Securities  registered  under  Section  12(b)  of  the  Exchange  Act

            Title  of each class                         Name of each exchange
            on  which  registered
                    None                                          None

Securities  registered  under  Section  12(g)  of  the  Exchange  Act

     None
     (Title  of  Class)

     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
        ----          ----

     Check  if there is no disclosure of delinquent filers in response to Item
405  of  Regulation  S-B  contained  in  this  form, and no disclosure will be
contained,  to  the  best  of  registrant's  knowledge, in definitive proxy or
information  statements  incorporated  by  reference  in Part III of this Form
10-KSB  or  any  amendment  to  this  Form  10-KSB.    [  X  ]


     State  issuer's  revenues  for  its  most recent fiscal year.  $1,339,327

     State  the  aggregate  market  value  of  the  voting  stock  held  by
non-affiliates  of  the  Registrant.    Not  Applicable.

     Transitional  Small  Business  Disclosure  Format  (check  one):
     Yes            X          No  ___
              -----------
                1996 FISCAL YEAR ANNUAL REPORT TO PARTICIPANTS
                IN ATLAS-ENERGY FOR THE NINETIES-PUBLIC #4 LTD.
          PURSUANT TO SECTION 4.03(B)(1) OF THE PARTNERSHIP AGREEMENT


(A) Audited financial statements of the Partnership for the fiscal year ending
December 31, 1996,  are  included  in  this  report.

(B) Partnership total fees and compensation including any unaccountable, fixed
payment reimbursements  for Administrative Costs and Operating Costs, paid by
the Partnership, or indirectly  on  behalf  of  the  Partnership, to the
Managing General Partner,  the  Operator and  their  Affiliates. $160,567.

     Percentage  that  the  annual  unaccountable, fixed fee reimbursement for
Administrative Costs  bears  to  annual  Partnership  revenues.    2.00%

(C)  The  Partnership  drilled  thirty-two (32) wells during 1996.  A total of
31.5 net Partnership wells. The wells were drilled in Mercer and Venango
County, Pennsylvania.

     All  thirty-two  were  capable of production in commercial quantities and
all  wells  were  on  line as of September 6, 1996.  There were two quarterly
distributions in 1996 beginning July 8, 1996. Checks were sent to those
partners who earned interest while their subscriptions were in the escrow
account.

(D)  The  following table describes the Partnership's thirty-two wells drilled
in  1996:




                                  Partnership
                Wells     Location          Completed     Cost
                -----     --------          ---------     ----

            Baun #2     Mercer County,     PA     Yes     $218,160
         Buckley #1     Mercer County,     PA     Yes      220,051
      Clinton Irwin
        R&G Club #1     Venango County,    PA     Yes      249,757
   De Maria Unit #1     Mercer County,     PA     Yes      240,449
 Eperthener Unit #2     Mercer County,     PA     Yes      217,324
     Goebel Unit #1     Mercer County,     PA     Yes      215,906
          Grande #1     Mercer County,     PA     Yes      238,303
        Hamilton #3     Mercer County,     PA     Yes      216,706
      Irwin Unit #1     Mercer County,     PA     Yes      217,615
           Irwin #2     Mercer County,     PA     Yes      219,978
         Ivancic #1     Mercer County,     PA     Yes      233,431
          Jones #1     Venango County,     PA     Yes      250,193
    Kalasky Unit #1     Mercer County,     PA     Yes      217,069
           Kloos #2     Mercer County,     PA     Yes      213,579
        McDowell #7     Mercer County,     PA     Yes      217,360
        McDowell #8     Mercer County,     PA     Yes      216,451
    McNiesh Unit #1     Mercer County,     PA     Yes      234,231
         Philson #3     Mercer County,     PA     Yes      218,051
            Pirc #1     Mercer County,     PA     Yes      240,885
     Polick Unit #2     Mercer County,     PA     Yes      219,105
          Polick #3     Mercer County,     PA     Yes      216,342
          Rabold #3     Mercer County,     PA     Yes      214,560
          Rabold #5     Mercer County,     PA     Yes      214,415
          Rabold #6     Mercer County,     PA     Yes      214,015
        Robinson #1     Mercer County,     PA     Yes      241,976
        Shearer #1*     Mercer County,     PA     Yes      106,171
      Smith Unit #5     Mercer County,     PA     Yes      219,905
          Snyder #8     Mercer County,     PA     Yes      219,324
       Struthers #5     Mercer County,     PA     Yes      250,084
 TD & Associates #1     Mercer County,     PA     Yes      240,776
        Thompson #4     Mercer County,     PA     Yes      217,069
           Vogan #2     Mercer County,     PA     Yes      213,906

*  The  Partnership  has  a  50% interest in this well and cost was calculated
accordingly.

There  were  no  wells  abandoned  in  1996.

(E)  There  were  no  farmins  and  joint  ventures  in  1996.

(F) The Partnership had revenues in 1996.  The following schedule reflects the
payment  of Partnership  costs  in  1996.

                       Payment of Partnership Costs and
          Reconciliation with Article V of the Partnership Agreement
          ----------------------------------------------------------

                                    Atlas     Participants          
                                    -----     ------------
                                                 Partnership         Total
                                   %     Amount     %     Amount     Costs
                                   -     ------     -     ------     -----
 Organization & Offering Costs    100%     -0-      - 
 Lease Costs                      100%     -0-      - 
 Operating Costs                   25%    8,849    75%    26,547     35,396
 Tangible Drilling Costs         14.6%     -0-   85.4%
 Intangible Drilling Costs         -       -0-    100%
                                  ------------------------------------------
                                          8,849          26,547     35,396

   Also see Statement of Changes in Partners' Capital Accounts in the attached
Audited Financials  for  December  31,  1996.

(G)  A  quarterly  cash receipts and disbursements statement is attached dated
April  4,  1996.

(2)  1996  Partner Form 1065 (K-1) were mailed to each partner by February 21,
1997.

(3)  Proved  Reserves are found in the Audited Financials under Section 9.(3).

(4) There were various reports prepared by the Partnership and paid for by the
Participants.

July  8,  1996:      $11,641.60:
                           $4,725.20    --  10KSB  Filing  Fees.
                           $3,829.00    --  Audit  Fee  (1995)
                              $52.00    --  State  Filing  Fees.
                           $2,560.00    --  1995 Partnership Return Preparation
                                            Fee.
                             $224.65    --  Check  Printing  Fee.
                             $250.75    --  10KSB  Printing  Fees.


Oct.  4,  1996:         $664.84:
                             $514.27    --  10QSB  Filing  Fees.
                             $150.57    --  Printind  Audited  Financial
                                            Statements.

DATED:      APRIL  24,  1997


               ATLAS - ENERGY FOR THE NINETIES - PUBLIC #4 LTD.
                      PROGRAM SUMMARY --  OCTOBER 4, 1996
           FORMATION DATE:  12/27/95  --  FIRST DISTRIBUTION:  7/8/96


            PARTNERSHIP CAPITALIZATION:               Well Activity
                                                      -------------

Investor Capital Raised             $6,991,350          Wells Drilled     32
Managing General Partner Capital     1,287,782          Wells Completed   32
                                     ---------
Total Capital Investment            $8,279,132        Wells in Production 32
Plugged  &  Abandoned                                           0



CASH  DISTRIBUTION  SUMMARY:
                 Total Production Revenue      $                    555.79
            ADD:     Advance from MGP                                47.63
    LESS:   Payback  Advance from MGP                               (47.63)
                                                                   ________
                Cash-on-Cash Distribution      $                    555.79
            ANNUALIZED PERCENTAGE RETURN TO DATE                      11%
                                    LESS:   Third-Stage Frac Costs     0
                                                                  _________
                                                                   ---------
                              CUMULATIVE CASH DISTRIBUTED          $555.79


                         CURRENT DISTRIBUTIONS        
                           
                                    Distribution
                                     to Partner       Annualized
                                   Per $10,000 Unit     Per Cent
                                   ----------------     --------
  PRODUCTION PERIODS     CHECK DATED
            ----------------------------------------     -----------
    2/96-4/96     July 8, 1996            250.06              10%
    5/96-7/96     October 4, 1996         305.73              12%
   8/96-10/96     January 5, 1997
   11/96-1/97     April 5, 1997     _________     _______
          Distributions  --  1996 (2 quarters - 6 periods) 
                                        $ 555.79              11%

       Cumulative to Date --  6  Periods           $ 555.79


ONE  UNIT  CUMULATIVE  TAX  EFFECTED  SAVINGS
                                   Unit Size      $       10,000.00

                         1995  Intangible Drilling Cost     3168.00
                           Cumulative Depletion Allowance     51.00
                                          Tangible Deductions     0
                                                          __________
 Total Tax &  Percentage  Savings to Date         $        3,219.00     32%
               Total Cash Distributions                      555.79
                                                          __________
 TOTAL NET TAX SAVINGS & CASH DISTRIBUTED PER UNIT        $3,774.79     38%



NOTE:    1  UNIT  =    .10717  %  of  Partnership  distributions



     AUDITED  FINANCIAL  STATEMENTS
     ------------------------------



     ATLAS-ENERGY  FOR  THE  NINETIES-PUBLIC  #4  LTD.
     -------------------------------------------------
     A  PENNSYLVANIA  LIMITED  PARTNERSHIP
     -------------------------------------
     DECEMBER  31,  1996
     -------------------


     INDEPENDENT  AUDITORS'  REPORT



To  the  Partners
Atlas-Energy  for  the  Nineties-Public  #4  Ltd.
A  Pennsylvania  Limited  Partnership

     We  have  audited the accompanying balance sheets of Atlas-Energy for the
Nineties-Public #4 Ltd., A Pennsylvania Limited Partnership as of December 31,
1996  and  1995  and the related statements of income and changes in partners'
capital  accounts and cash flows for the year then ended December 31, 1996 and
for  the period June 30, 1995 (Date of Formation) to December 31, 1995.  These
financial  statements  are the responsibility of the Partnership's management.
Our  responsibility  is  to  express  an opinion on these financial statements
based  on  our  audits.

     We  conducted  our  audits in accordance with generally accepted auditing
standards.    Those  standards  require  that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement.  An audit includes examining, on a test basis, evidence
supporting  the amounts and disclosures in the financial statements.  An audit
also  includes  assessing  the  accounting  principles  used  and  significant
estimates  made  by  management,  as  well as evaluating the overall financial
statement presentation.  We believe that our audits provide a reasonable basis
for  our  opinion.

     In  our  opinion,  the  financial  statements  referred  to above present
fairly,  in  all material respects, the financial position of Atlas-Energy for
the Nineties-Public #4 Ltd., A Pennsylvania Limited Partnership as of December
31,  1996  and  1995  and  the results of its operations, changes in partners'
capital  accounts  and cash flows for the year ended December 31, 1996 and for
the  period  June  30,  1995  (Date  of  Formation)  to  December  31, 1995 in
conformity  with  generally  accepted  accounting  principles.






Pittsburgh,  Pennsylvania
February  11,  1997


<PAGE>
------

     BALANCE  SHEETS
     ---------------
     ATLAS-ENERGY  FOR  THE  NINETIES-PUBLIC  #4  LTD.
     A  PENNSYLVANIA  LIMITED  PARTNERSHIP

                                      ASSETS
                                      ------

                                                      DECEMBER  31,
                                                      -------------
                                                 1996              1995
                                                 ----              ----
Cash                                          $ 204,711          $ 14,314
Accounts  receivable                            312,953             -0-
Accounts  receivable  Managing General Partner   34,584             -0-

Oil  and  gas  wells  and  leases             7,331,715         7,366,299
Less  accumulated depletion and depreciation   (869,814)            -0-
                                             ------------      ------------
                                              6,461,901         7,366,299
Organizational and syndication costs,net of
  accumulated  amortization of $124,416, and
 -0- respectively                               924,287         1,048,703
                                              ----------        ---------
                                             $7,938,436        $8,429,316
                                             ==========        ==========

                  LIABILITIES  AND  PARTNERS'  CAPITAL
                  ------------------------------------

Accounts  payable               $      25,069          $        -0-
Partners'  capital                  7,913,367             8,429,316
                                  -----------           -----------

                                   $7,938,436             $8,429,316
                                   ==========             ==========


     STATEMENT  OF  INCOME  AND  CHANGES  IN  PARTNERS  CAPITAL
     ----------------------------------------------------------
                   YEAR  ENDED  DECEMBER  31,  1996

                                    MANAGING
                                    GENERAL          OTHER
                                    PARTNER          PARTNERS       TOTAL
                                    -------          --------       -----
REVENUE
-------
     Natural  gas  sales          $ 334,832       $1,004,495     $1,339,327

     Less  direct  operating  costs:
     Royalty  interests              41,889          125,668        167,557
     Other                           31,293           93,878        125,171
                                 ----------          -------     -----------
                                     73,182          219,546        292,728
                                 ----------          -------     -----------

Net  production  revenues           261,650          784,949      1,046,599

EXPENSES
--------
     Depletion and  depreciation
 of oil and gas wells and leases     43,893          825,921        869,814
     Amortization of organizational
 and syndication costs              124,416            -0-          124,416
     General  and  administrative     8,849           26,547         35,396
                                   ---------       ---------        --------
  TOTAL  EXPENSE                    177,158          852,468      1,029,626
                                   ---------       ---------      ---------

   NET  INCOME  (LOSS)               84,492          (67,519)        16,973

Capital  accounts  at
  beginning  of  year             1,423,652         7,005,664     8,429,316
Distributions                      (129,652)         (403,270)     (532,922)
                              --------------      ------------    ----------

                                 $1,378,492        $6,534,875    $7,913,367
                                 ==========        ==========    ==========

See  notes  to  financial  statements
               ATLAS-ENERGY  FOR  THE  NINETIES-PUBLIC  #4  LTD.
                    A  PENNSYLVANIA  LIMITED  PARTNERSHIP
          STATEMENT  OF  INCOME  AND  CHANGES  IN  PARTNERS  CAPITAL
          ----------------------------------------------------------
     FROM  JUNE  30,  1995  (DATE  OF  FORMATION)  TO  DECEMBER  31,  1995

                                 MANAGING
                                  GENERAL          OTHER
                                  PARTNER          PARTNERS          TOTAL
                                  -------          --------          -----
REVENUE
-------
Interest  income            $        -0-          $   14,314     $   14,314

PARTNERS'  CAPITAL  CONTRIBUTIONS
---------------------------------
Cash                                 -0-           6,991,350      6,991,350
Organizational and
 syndications costs              1,048,703             -0-        1,048,703
Tangible  costs                    239,049             -0-          239,049
Leasehold  costs                   135,900             -0-          135,900
                               ---------------       ---------     ----------

PARTNERS' CAPITAL AT END OF YEAR $1,423,652        $7,005,664    $8,429,316
                                 ===========       ==========    ==========


                           STATEMENTS  OF  CASH  FLOWS
                           ---------------------------
                                                       YEAR  ENDING
                                                       DECEMBER  31,
                                                       -------------
                                                 1996              1995
                                                 ----              ----
Cash  flows  from  operating  activities:
Net  income                               $    16,973        $   14,314
Adjustments to reconcile net income
 to net cash provided by
 operating  activities:
Depletion and depreciation of oil and
 gas wells and leases                         869,814              -0-
Amortization                                  124,416              -0-
Increase  in  accounts  receivable           (312,953)             -0-
Increase  in  accounts  payable                25,069              -0-
                                            ----------          --------
Net cash provided by operating activities     723,319            14,314

Cash  flows  from  investing  activities:
Oil  and  gas  well  drilling  contracts         -0-         (6,991,350)

Cash  flows  from  financing  activities:
Capital  (distributions)  contributions      (532,922)        6,991,350
                                            ----------      -----------

Net  increase  in  cash                       190,397            14,314

Cash  at  beginning  of  year                  14,314              -0-
                                       --------------         -------------

Cash  at  end  of  year                  $    204,711         $  14,314
                                         ============        ==============

Supplemental  cash  flow  information:
Accounts receivable from Managing General Partner for
adjustments  to  assets  contributed       $   34,584         $    -0-
                                            ==========        ===========

Assets  contributed  by  Managing  General  Partner:
Tangible  costs                              $  -0-          $  239,049
Organizational  and  syndication  costs         -0-           1,048,703
Lease  costs                                    -0-             135,900
                                          -----------       ------------

                                          $     -0-        $  1,423,652
                                           ==========       ============

See  notes  to  financial  statements

                       NOTES  TO  FINANCIAL  STATEMENT
                         -------------------------------

ORGANIZATION  AND  DESCRIPTION  OF  BUSINESS
----------------------------------------
     Atlas-Energy  for  the  Nineties-Public #4 Ltd. (the "Partnership"), is a
Pennsylvania  limited  partnership  which  includes  Atlas  Resources,  Inc.
("Atlas"),  of  Pittsburgh,  Pennsylvania,  as  Managing  General  Partner and
Operator,  and  326  other  investors  as  either Limited Partners or Investor
General  Partners.   The Partnership was funded to drill and operate gas wells
located  primarily  in southeastern Mercer and Venango Counties, Pennsylvania.

2.  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
--------------------------------------------------
     The  financial  statements  are  prepared  in  accordance  with generally
accepted  accounting  principles.
     The  partnership uses the successful efforts method of accounting for oil
and gas producing activities.  Property acquisition costs are capitalized when
incurred.    Development  costs,  including  equipment and intangible drilling
costs  related  to  both  producing  wells  and  dry  holes,  are capitalized.
Capitalized costs are expensed at unit cost rates calculated annually based on
the  estimated  volume  of recoverable gas and the related costs.  Oil and gas
properties  are  periodically  assessed  for  impairment  of value, and losses
recognized  at  the  time  of  impairment.

3.  FEDERAL  INCOME  TAXES
--------------------------
     The Partnership is not treated as a taxable entity for federal income tax
purposes.    Any item of income, gain, loss, deduction or credit flows through
to  the partners as though each partner had incurred such item directly.  As a
result, each partner must take into account his pro rata share of all items of
partnership  income  and  deductions  in  computing  his  federal  income  tax
liability.    Many  provisions  of the federal income tax laws are complex and
subject  to  various  interpretations.

4.  PARTICIPATION  IN  REVENUES  AND  COSTS
-------------------------------------------
     Atlas  and the other partners generally participate in revenues and costs
in  the  following  manner:
                                                             OTHER
                                            ATLAS          PARTNERS
                                            -----          --------
 Organization  and  offering  costs          100      %         0   %
 Lease  costs                                100      %         0   %
 Revenues                                     25      %        75   %
 Direct  operating  costs                     25      %        75   %
 Intangible  drilling  costs                   0      %       100   %
 Tangible  costs                             14.6     %      85.4   %
 Tax  deductions:
  Intangible drilling and development costs     0     %       100   %
  Depreciation                               14.6     %      85.4   %
  Depletion  allowances                        25     %        75   %


5.  TRANSACTIONS  WITH  ATLAS  AND  ITS  AFFILIATES
---------------------------------------------------
     The  Partnership  has entered into the following significant transactions
with  Atlas  and  its  affiliates.
          Drilling  contracts  to  drill  and complete Partnership wells at an
anticipated  cost  of  $36.36  per  foot  on  completed  wells.
          Administrative  costs  at  $75  per  well  per  month
          Well  supervision fees initially of $275 per well per month plus the
cost  of  third  party  materials  and  services
          Gas  transportation and marketing charges at competitive rates which
currently  is  29  cents  per  MCF

6.  PURCHASE  COMMITMENT
------------------------
     Subject  to  certain  conditions,  investor  partners  may  present their
interests  beginning in 1999 for purchase by Atlas.  Atlas is not obligated to
purchase  more  than  5%  of  the  units  in  any  calendar  year.
7.  SUBORDINATION  OF  MANAGING  GENERAL  PARTNER'S  REVENUE  SHARE
-------------------------------------------------------------------
     Atlas will subordinate a part of its partnership revenues in an amount up
to  10%  of  production  revenues  of the Partnership net of related operating
costs,  administrative  costs  and  well  supervision  fees  to the receipt by
participants  of cash distributions from the Partnership equal to at least 10%
of their agreed subscriptions of $7,000,000, determined on a cumulative basis,
in each of the first five years of Partnership operations, commencing with the
first  distribution  of  revenues  to  the  Participants  (July  1996).
     Cash  distributions  to  participants  in 1996 for the subordination year
ending  in  1997  subject to the subordination agreement amounted to $388,956.
8.  INDEMNIFICATION
-------------------
     In  order  to  limit  the  potential  liability  of  the investor general
partners,  Atlas  and AEG Holdings, Inc. (parent company of Atlas) have agreed
to  indemnify  each investor general partner from any liability incurred which
exceeds  such  partner's  share  of  Partnership  assets.

9.  NATURAL  GAS  AND  OIL  PRODUCING  ACTIVITIES  (UNAUDITED)
--------------------------------------------------------------

     The  supplementary  information  summarized below presents the results of
natural  gas  and  oil activities in accordance with SFAS No. 69, "Disclosures
About  Oil  and  Gas  Producing  Activities."

     No  consideration  has  been  given  in  the following information to the
income  tax  effect  of  the activities as the Partnership is not treated as a
taxable  entity  for  income  tax  purposes.

(1)  Production  Costs
     -----------------
     The  following  table  presents  the costs related to natural gas and oil
production  activities:

Capitalized  costs  at  December  31,  1996:
  Capitalized  costs                                     $7,331,715
  Accumulated  depreciation  and  depletion                (869,814)
                                                        ------------
     Net  capitalized  costs                             $6,461,901
                                                         ==========

Costs  incurred  during  the  year:
  Property acquisition costs-proved
  undeveloped  properties                                $   -0-
                                                         ==========
  Development  costs                                     $7,331,715
                                                         ==========

    Property  acquisition  costs include costs to purchase, lease or otherwise
acquire  a  property.    Development costs include costs to gain access to and
prepare  development  well  locations  for  drilling,  to  drill  and  equip
development  wells  and  to  provide  facilities to extract, treat, gather and
store  oil  and  gas.


(2)  Results  of  Operations  for  Producing  Activities
     ---------------------------------------------------
          The  following  table  presents the results of operations related to
natural  gas  and  oil  production  for  the  year  ended  December  31, 1996.

 Revenues                                           $  1,171,770
 Production  costs                                      (125,171)
 Depreciation  and  depletion                           (869,814)
                                                   --------------
Results of operations from producing activities     $    176,785
                                                   ==============

          Depreciation  and  depletion  of  natural gas and oil properties are
expensed  at unit cost rates calculated annually based on the estimated volume
of  recoverable  gas  and  the  related  costs.

(3)  Reserve  Information
     --------------------
          The  information  presented  below  represents  estimates  of proved
natural  gas  reserves.    Proved  developed
reserves  represent only those reserves expected to be recovered from existing
wells  and  support  equipment.   Proved undeveloped reserves represent proved
reserves expected to be recovered from new wells after substantial development
costs  are  incurred.    All  reserves are located in Eastern Ohio and Western
Pennsylvania.

                                                          1996
                                                          ----
                                                       NATURAL  GAS
                                                           MCF
                                                           ---
Proved developed and undeveloped reserves:
   Beginning  of  period                                   -0-
   Production                                           (523,279)
   Purchase  of  minerals  in  place                   3,761,040
                                                       ---------

            End  of  period                            3,237,761
                                                     ===========
     Proved  developed  reserves:
        Beginning  of  period                             -0-
                                                     ===========
        End  of  period                                3,237,761
                                                     ===========

9.  NATURAL  GAS  AND  OIL  PRODUCING  ACTIVITIES  (UNAUDITED)  (CONTINUED)
---------------------------------------------------------------------------

(4)  Standard  Measure  of  Discounted  Future  Cash  Flows
     ------------------------------------------------------
          Management  cautions  that the standard measure of discounted future
cash  flows  should not be viewed as an indication of the fair market value of
natural  gas  and  oil  producing  properties,  nor  of  the future cash flows
expected  to  be generated therefrom.  The information presented does not give
recognition  to  future changes in estimated reserves, selling prices or costs
and  has  been  discounted  at an arbitrary rate of 10%.  Estimated future net
cash flows from natural gas and oil reserves based on selling prices and costs
at  December  31,  1996  price  levels  are  as  follows:

Future  cash  inflows                                     $  6,896,433
Future  production  costs                                   (2,778,008)
Future  development  costs                                       -0-
                                                          -------------
Future  net  cash  flow                                      4,118,425
10% annual discount for estimated timing of cash flows      (1,689,963)
Standardized measure of discounted future net cash flows  $  2,428,462
                                                            ===========

     Summary  of  changes in the standardized measure of discounted future net
cash  flows:

Discoveries and extensions                          $ 3,453,021 
Sale   of  gas  and  oil  produced  -  net           (1,024,559)
                                                    ------------
Net  increase                                         2,428,462
Beginning  of  period                                    -0-
                                                    ------------
End  of  period                                      $2,428,462
                                                    ============

Management believes that the standardized measure of discounted future net
cash flows presented above does not represent the fair market value of its
oil and gas assets.  The above values reflect constant prices applied to
future production and are discounted at an arbitrary 10% interest rate to
comply with SFAS 69 reporting requirements.

     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  #4  Ltd.

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

By      (Signature  and  Title):          /s/  James  R.  O'Mara
                                          ----------------------
     James  R.  O'Mara,  President,  Chief  Executive  Officer
     and  a  Director
Date:    December  31,  1997


     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/  Charles  T.  Koval
                                        -----------------------
     Charles  T.  Koval,  Chairman  of  the  Board  and  a  Director
Date:    December  31,  1997


By    (Signature  and  Title):          /s/  James  R.  O'Mara
                                        ----------------------
     James  R.  O'Mara,  President,  Chief  Executive  Officer  and
       a  Director
Date:    December  31,  1997


By    (Signature  and  Title):          /s/  Bruce  M.  Wolf
                                        --------------------
     Bruce  M.  Wolf,  General  Counsel,  Secretary  and  a  Director
Date:    December  31,  1997


By    (Signature  and  Title):          /s/  Tony    C.  Banks
                                        ----------------------
     Tony  C.  Banks,  Vice  President  of Finance and Chief Financial Officer
Date:    December  31,  1997