**United
States 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 March 31, 2005





o  **TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**





For
the transition period from _______ to _______





Commission
file number 333-105811





**ATLAS
AMERICA PUBLIC #14-2004 L.P.**


(Name
of small business issuer in its charter)





**Delaware**
    **86-1111314**(State
      or other jurisdiction of incorporation or organization)
    (I.R.S.
      Employer Identification No.)311
      Rouser RoadMoon
      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
o





Indicate
by check mark whether the registrant is an accelerated filer (as defined in Rule
12b-2 of the Exchange Act). Yes  o    No  x







1
 Table of Contents




**ATLAS AMERICA PUBLIC #14-2004 L.P.**


**(A
Delaware Limited Partnership)**


**INDEX
TO QUARTERLY REPORT**


**ON
FORM 10QSB**








**PAGE****PART
      I.**
    **FINANCIAL INFORMATION**Item
      1.
    Financial StatementsBalance Sheets as of March 31, 2005 and December 31, 2004
      (Unaudited)
    3Statement
      of Operations for the Three Months endedMarch
      31, 2005 (Unaudited)
    4Statement
      of Partners’ Capital Accounts for the Three Months endedMarch
      31, 2005 (Unaudited)
    5Statement
      of Cash Flows for the Three Months endedMarch
      31, 2005 (Unaudited)
    6Notes to Financial Statements
(Unaudited)
    7-9Item
      2.
    Management’s
      Discussion and Analysis of Financial Conditionand
      Results of Operations
    10-11Item
      3.
    Controls and Procedures
    11**PART
      II.**
    **OTHER INFORMATION**Item
      6.
    Exhibits
    11**SIGNATURES**
    12**CERTIFICATIONS**
    13-
      16




2
 Table of Contents




**PART I**








**ITEM
      1.**
    **FINANCIAL
      STATEMENTS**








**ATLAS
AMERICA PUBLIC #14-2004 L.P.**


**(A
Delaware Limited Partnership)**


**BALANCE
SHEETS**








**March
      31,**
      **2005**
    
    **December
      31,**
      **2004**(Unaudited)
    
    (Audited)**ASSETS**Current
      Assets:Cash
      and cash equivalents
    
    $
    208,200
    
    $
    -Accounts
      receivable - affiliate
    
    
    404,400
    
    
    214,200Total
      current assets
    
    
    612,600
    
    
    214,200Oil
      and gas properties (successful efforts)
    
    
    70,878,300
    
    
    70,878,300Less
      accumulated depletion and depreciation
    
    
    (850,100
    )
    
    (97,100
    )70,028,200
    
    
    70,781,200$
    70,640,800
    
    $
    70,995,400**LIABILITIES
      AND PARTNERS’ CAPITAL**Asset
      retirement obligation
    
    $
    295,700
    
    $
    276,000Partners’
      capital:Managing
      General Partner
    
    
    18,103,300
    
    
    18,140,300Limited
      Partners (5,256.95 units)
    
    
    52,241,800
    
    
    52,579,10070,345,100
    
    
    70,719,400$
    70,640,800
    
    $
    70,995,400








The
accompanying notes are an integral part of this financial statement




3
 Table of Contents




**ATLAS AMERICA PUBLIC #14-2004 L.P.**


**(A
Delaware Limited Partnership)**


**STATEMENT
OF OPERATIONS**


**(Unaudited)**





**Three
      Months**
      **Ended**
      **March
      31,**
      ******2005****REVENUES:**Natural
      gas and oil sales
    
    $
    443,100Total
      revenues
    
    
    443,100**COSTS
      AND EXPENSES:**Production
      expenses
    
    
    37,400Depletion
      and depreciation of oil and gas properties
    
    
    753,000Accretion
      of asset retirement obligation
    
    
    19,700General
      and administrative expenses
    
    
    7,300Total
      expenses
    
    
    817,400Net
      loss
    
    $
    (374,300
    )**Allocation
      of net loss:**Managing
      general partner
    
    $
    (37,000
    )Limited
      partners
    
    $
    (337,300
    )Net
      loss per limited partnership unit
    
    $
    (64
    )








The
accompanying notes are an integral part of this financial statement




4
 Table of Contents




**ATLAS AMERICA PUBLIC #14-2004 L.P.**


**(A
Delaware Limited Partnership)**


**STATEMENT
OF PARTNERS’ CAPITAL ACCOUNTS**


**FOR
THREE MONTHS ENDED March 31, 2005**


**(Unaudited)**








**Managing**
      ******General**
      ******Partner**
    
    **Limited**
      ******Partners**
    
    **Total****Balance
      at January 1, 2005**
    
    $
    18,140,300
    
    $
    52,579,100
    
    $
    70,719,400Participation
      in revenues and expenses:Net
      production revenues
    
    
    142,000
    
    
    263,700
    
    
    405,700Depletion
      and depreciation
    
    
    (169,600
    )
    
    (583,400
    )
    
    (753,000
    )Accretion
      of asset retirement obligation
    
    
    (6,900
    )
    
    (12,800
    )
    
    (19,700
    )General
      and administrative
    
    
    (2,500
    )
    
    (4,800
    )
    
    (7,300
    )Net
      loss
    
    
    (37,000
    )
    
    (337,300
    )
    
    (374,300
    )Distributions
    
    
    -
    
    
    -
    
    
    -**Balance
      at March 31, 2005**
    
    $
    18,103,300
    
    $
    52,241,800
    
    $
    70,345,100








The
accompanying notes are an integral part of this financial statement




5
 Table of Contents




**ATLAS AMERICA PUBLIC #14-2004 L.P.**


**(A
Delaware Limited Partnership)**


**STATEMENT
OF CASH FLOWS**


**(Unaudited)**





**Three
      Months**
      **Ended**
      **March
      31,**
      **2005****Cash
      flows from operating activities:**Net
      loss
    
    $
    (374,300
    )Adjustments
      to reconcile net loss to net cash provided by operating
      activities:Depletion
      and depreciation
    
    
    753,000Accretion
      of asset retirement obligation
    
    
    19,700(Increase)
      in accounts receivable - affiliate
    
    
    (190,200
    )Net
      cash provided by operating activities
    
    
    208,200Net
      increase in cash and cash equivalents
    
    
    208,200Cash
      and cash equivalents at beginning of period
    
    
    -Cash
      and cash equivalents at end of period
    
    $
    208,200








The
accompanying notes are an integral part of this financial statement




6
 Table of Contents


**ATLAS AMERICA PUBLIC #14-2004 L.P.**


**(A
Delaware Limited Partnership)**


**NOTES
TO FINANCIAL STATEMENTS**


**March
31, 2005**


**(Unaudited)**








**NOTE 
      1****-**
    **BASIS
      OF PRESENTATION**





The
financial statements of Atlas America Public #14-2004 L.P. (the
Partnership) as of and for the three months ended March 31, 2005 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 year ended December 31, 2004. The results
of operations for the three months ended March 31, 2005 may not necessarily be
indicative of the results of operations for the year ending December 31, 2005.





**NOTE
       2  -**
    **SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES**





In
addition to matters discussed further in this note, the Partnership’s
significant accounting policies are detailed in its audited financial statements
and notes thereto in the Partnership’s annual report on Form 10-K for the year
ended December 31, 2004 filed with the Securities and Exchange
Commission.








**Recently
Issued Financial Accounting Standards**





In
April 2005, the Financial Accounting Standards Board (“FASB”) issued FASB
Interpretation No. 47, Accounting for Conditional Assets Retirement Obligations
(“FIN 47”), which will result in (a) more consistent recognition of liabilities
relating to asset retirement obligations, (b) more information about expected
future cash outflows associated with those obligations, and (c) more information
about investments in long-lived assets because additional asset retirement cost
will be recognized as part of the carrying amounts of the assets. FIN 47
clarifies that the term conditional asset retirement obligation as used in
Statement of Financial Accounting Standards (“SFAS”) No. 143, Accounting for
Asset Retirement Obligations, refers to a legal obligation to perform an asset
retirement activity in which the timing and (or) method of settlement are
conditional on a future event that may or may not be within the control of the
entity. The obligation to perform the asset retirement activity is unconditional
even though uncertainty exists about the timing and (or) method of settlement.
Uncertainty about the timing and (or) method of settlement of a conditional
asset retirement obligation should be factored into the measurement of the
liability when sufficient information exists.





FIN
47 also clarifies when an entity would have sufficient information to reasonably
estimate the fair value of an asset retirement obligation. FIN 47 is effective
no later than the end of fiscal years ending after December 15, 2005.
Retrospective application of interim financial information is permitted but is
not required. Early adoption of this interpretation is encouraged. As FIN 47 was
recently issued, the Company has not determined whether the interpretation will
have a significant adverse effect on its financial position or results of
operations.




7
 Table of Contents




**ATLAS
AMERICA PUBLIC #14-2004 L. P.**


**(A
Delaware Limited Partnership)**


**NOTES
TO FINANCIAL STATEMENTS**


**March
31, 2005**


**(Unaudited)**





**NOTE 
      2  -**
    **SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES -
  (Continued)**





**Fair
Value of Financial Instruments**





For
cash and cash equivalents and receivables, the carrying amounts approximate fair
value because of the short maturity of these instruments.





**Asset
Retirement Obligation**





The
Partnership accounts for the estimated plugging and abandonment costs of the oil
and gas properties in accordance with Statement of Financial Accounting
Standards (“SFAS”)


No.
143, “Accounting for Asset Retirement Obligations.”





A
reconciliation of the Partnership’s liability for plugging and abandonment costs
for the three months ending March 31, 2005 is as follows:





**2005**Asset
      retirement obligation at beginning of period
    
    $
    276,000Accretion
      expense
    
    
    19,700Total
      asset retirement obligation at end of period
    
    $
    295,700




8
 Table of Contents




**ATLAS
AMERICA PUBLIC #14-2004 L. P.**


**(A
Delaware Limited Partnership)**


**NOTES
TO FINANCIAL STATEMENTS**


**March
31, 2005**


**(Unaudited)**





**NOTE 
      2  -**
    **SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES -
  (Continued)**





**Supplemental
Cash Flow Information**





The
Partnership considers temporary investments with a maturity at the date of
acquisition of 90 days or less to be cash equivalents. No cash was paid for
interest or income taxes for the three months ended March 31, 2005.





**Credit
Risk**





Financial
instruments which potentially subject the Partnership to concentrations of
credit risk consist principally of periodic temporary investments of cash and
cash equivalents. The Partnership places its temporary cash investments in
deposits with high-quality financial institutions. At March 31, 2005, the
Partnership had $208,200 in deposits at one bank of which $108,200 was over the
insurance limit of the Federal Deposit Insurance Corporation. No losses have
been experienced on such investments.





**Comprehensive
Income**




The
Partnership is subject to the provisions of SFAS No. 130, “Reporting
Comprehensive Income,” which requires disclosure of comprehensive income and its
components. Comprehensive income includes net income and all other changes in
equity of a business during a period from non-owner sources. These changes,
other than net income, are referred to as “other comprehensive income.” The
Partnership has no material elements of comprehensive income, other than net
income, to report.





**NOTE 
      3****-**
    **TRANSACTIONS
      WITH ATLAS RESOURCES, INC. 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:





·
    Administrative
      costs which are included in general and administrative costs in the
      Statement of Operations are payable to Atlas at $75 per well per month.
      Administrative costs incurred for the three months ended March 31, 2005
      were $3,400.





·
    Monthly
      well supervision fees which are included in production expenses in the
      Statement of Operations are payable to Atlas at $285 per well per month
      for operating and maintaining the wells. Well supervision fees incurred
      for the three months ended March 31, 2005 were
$13,000.





·
    Transportation
      fees which are included in production expenses in the Statement of
      Operations are payable to Atlas at $.29-$.35 per mcf (one thousand cubic
      feet). Transportation costs incurred for the three months ended March 31,
      2005 were $19,500.





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
 Table of Contents








**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 OUR ANNUAL REPORT ON FORM 10-KSB. 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.





We
expect all of our wells to be connected and producing by the end of our fourth
quarter of 2005. Our wells are drilled primarily in western Pennsylvania and
Tennessee. Funds contributed by our investor partners and our managing general
partner after our formation are the only funds available to us for drilling
activities. No other wells will be drilled after this initial group. At March
31, 2005, we had drilled 250 gross wells and plugged 3 gross wells which we
determined were uneconomic to produce. The remaining additional number of wells
to be drilled are expected to be online by the end of our fourth quarter ending
December 31, 2005.





**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:





******Three
      Months**
      **Ended**
      ****March
      31,
      2005****Production
      revenues (in thousands)Gas
    
    $
    429Oil
    
    $
    14Production
      volumes:Gas
      (thousands of cubic feet (“mcf”)/day)
    
    
    651Oil
      (barrels (“bbls”)/day)
    
    
    3Average
      sales prices:Gas
      (per mcf)
    
    $
    7.33Oil
      (per bbl)
    
    $
    43.99Average
      production costs:As
      a percent of sales
    
    
    8
    %(per
      mcf equivalent unit)
    
    $
    .62




10
 Table of Contents




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





**Critical
Accounting Policies**





The
discussion and analysis of our financial condition and results of operations are
based upon our financial statements, which have been prepared in accordance with
accounting principles generally accepted in the United States of America. The
preparation of these financial statements requires us to make estimates and
judgments that affect the reported amounts of our assets, liabilities, revenues
and cost and expenses, and related disclosure of contingent assets and
liabilities. On an on-going basis, we evaluate our estimates, including those
related to provision for possible losses, asset retirement obligations,
depletion and certain accrued liabilities. We base our estimates on historical
experience and on various other assumptions that we believe reasonable under the
circumstances, the results of which form the basis for making judgments about
the carrying values of assets and liabilities that are not readily apparent from
other sources. Actual results may differ from these estimates under different
assumptions or conditions.





For
a detailed discussion on the application of our remaining policies critical to
our business operations and other accounting policies, see Note 2 of the "Notes
to Financial Statements" in our Annual Report on Form 10-KSB.




**Recently
Issued Financial Accounting Standards**
 
 In
April 2005, the Financial Accounting Standards Board (“FASB”) issued FASB
Interpretation No. 47, Accounting for Conditional Assets Retirement Obligations
(“FIN 47”), which will result in (a) more consistent recognition of liabilities
relating to asset retirement obligations, (b) more information about expected
future cash outflows associated with those obligations, and (c) more information
about investments in long-lived assets because additional asset retirement cost
will be recognized as part of the carrying amounts of the assets. FIN 47
clarifies that the term conditional asset retirement obligation as used in
Statement of Financial Accounting Standards (“SFAS”) No. 143, Accounting for
Asset Retirement Obligations, refers to a legal obligation to perform an asset
retirement activity in which the timing and (or) method of settlement are
conditional on a future event that may or may not be within the control of the
entity. The obligation to perform the asset retirement activity is unconditional
even though uncertainty exists about the timing and (or) method of settlement.
Uncertainty about the timing and (or) method of settlement of a conditional
asset retirement obligation should be factored into the measurement of the
liability when sufficient information exists.
 
 FIN
47 also clarifies when an entity would have sufficient information to reasonably
estimate the fair value of an asset retirement obligation. FIN 47 is effective
no later than the end of fiscal years ending after December 15, 2005.
Retrospective application of interim financial information is permitted but is
not required. Early adoption of this interpretation is encouraged. As FIN 47 was
recently issued, the Company has not determined whether the interpretation will
have a significant adverse effect on its financial position or results of
operations.


**ITEM 3.**
    **CONTROLS
      AND PROCEDURES**





**Evaluation
of Disclosure Controls and Procedures**





Under
the supervision and with the participation of our managing general partner’s
management, including our managing general partner’s Chief Executive Officer and
Chief Financial Officer, our managing general partner has evaluated the
effectiveness of the design and operation of its disclosure controls and
procedures (as defined in the Exchange Act Rule 13a-14(c)) as of the end of the
period covered by this report and based on their evaluation, the Chief Executive
Officer and Chief Financial Officer have concluded that these disclosure
controls and procedures are effective in all material respects, including those
to ensure that information required to be disclosed in reports filed or
submitted under the Securities Exchange Act in recorded, processed, summarized,
and reported, within the time periods specified in the SEC’s rules and forms,
and is accumulated and communicated to management, including our managing
general partner’s Chief Executive Officer and Chief Financial Officer, as
appropriate to allow for timely disclosure. There have been no significant
changes in our internal controls or in other factors that could significantly
affect controls in the first quarter and subsequent to the date of their
evaluation.




**PART II.**
    **OTHER
      INFORMATION**





**ITEM
      6.**
    **Exhibits**





**EXHIBIT INDEX**





**Exhibit
      No**
    
    **Description**31.1
    
    Certification
      Pursuant to Rule 13a-14/15(d)-14.31.2
    
    Certification
      Pursuant to Rule 13a-14/15(d)-14.32.1
    
    Certification
      Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of
      the Sarbanes-Oxley Act of 200232.2
    
    Certification
      Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of
      the Sarbanes-Oxley Act of 2002




11
 Table of Contents




**SIGNATURES**





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








Atlas
America Public #14-2004 L. P.





By:
      (Signature and Title):
    Atlas
      Resources, Inc., Managing General PartnerBy
      (Signature and Title):
    /s/
      Freddie M. KotekFreddie
      M. Kotek, Chairman of the Board of Directors, Chief Executive Officer and
      President








Date:
May 16, 2005








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. KotekFreddie
      M. Kotek, Chairman of the Board of Directors, Chief Executive Officer and
      President








Date:
May 16, 2005








By
      (Signature and Title):
    /s/
      Nancy J. McGurkNancy
      J. McGurk, Senior Vice President, Chief Financial Officer and Chief
      Accounting Officer








Date:
May 16, 2005




12