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United States
Securities and Exchange Commission
 Washington, D.C. 20549
 Form 10-Q
  þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended June 30, 2010
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission file number 000-53180
 ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
  Delaware
    
    20-8978061(State or other jurisdiction of
    
    (I.R.S. Employerincorporation or organization)
    
    Identification No.)Westpointe Corporate Center One1550 Coraopolis Heights Rd. 2nd FloorMoon Township, PA
    
    15108(Address of principal executive offices)
    
    (zip code)
 (412) 262-2830
 Yes þ No o
 Yes
o No
o
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer o
    
    Smaller reporting company þ
 Yes o No þ




---



##### 



ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
(A Delaware Limited Partnership)
INDEX TO QUARTERLY REPORT
 ON FORM 10-Q
 PAGEPART I. FINANCIAL INFORMATIONItem 1: Financial StatementsBalance Sheets as of June 30, 2010 and December 31, 2009
    
    
    3Statements of Operations for the Three Months and Six Months ended June 30, 2010 and 2009
    
    
    4Statement of Changes in Partners Capital for the Six Months ended June 30, 2010
    
    
    5Statements of Cash Flows for the Six Months ended June 30, 2010
    
    
    6Notes to Financial Statements
    
    
    7-17Item 2: Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    17-21Item 4: Controls and Procedures
    
    
    21PART II. OTHER INFORMATIONItem 1: Legal Proceedings
    
    
    21Item 6: Exhibits
    
    
    21SIGNATURES
    
    
    22CERTIFICATIONSExhibit 31.1Exhibit 31.2Exhibit 32.1Exhibit 32.2
   2




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PART I. FINANCIAL INFORMATION
 
 ITEM 1. FINANCIAL STATEMENTS
ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
 
 BALANCE SHEETS
 June 30,
    
    
    December 31,2010
    
    
    2009(Unaudited)ASSETSCurrent assets:Cash and cash equivalents
    
    $
    100
    
    
    $
    1,142,300Accounts receivable  affiliate
    
    
    3,938,800
    
    
    
    3,874,900Short-term hedge receivable due from affiliate
    
    
    2,892,700
    
    
    
    2,407,600Total current assets
    
    
    6,831,600
    
    
    
    7,424,800Oil and gas properties, net
    
    
    49,784,200
    
    
    
    52,839,600Long-term hedge liability due from affiliate
    
    
    3,758,000
    
    
    
    1,980,800$
    60,373,800
    
    
    $
    62,245,200LIABILITIES AND PARTNERS CAPITALCurrent liabilities:Accrued liabilities
    
    $
    176,100
    
    
    $
    111,800Short-term hedge liability due to affiliate
    
    
    49,400
    
    
    
    29,000Total current liabilities
    
    
    225,500
    
    
    
    140,800Asset retirement obligation
    
    
    3,471,400
    
    
    
    3,370,300Long-term hedge liability due to affiliate
    
    
    1,197,600
    
    
    
    301,800Partners capital:Managing general partner
    
    
    12,149,000
    
    
    
    13,968,400Limited partners (16,345.90 units)
    
    
    42,024,700
    
    
    
    46,038,800Accumulated other comprehensive income (loss)
    
    
    1,305,600
    
    
    
    (1,574,900
    )Total partners capital
    
    
    55,479,300
    
    
    
    58,432,300$
    60,373,800
    
    
    $
    62,245,200
   3




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
 
 STATEMENTS OF OPERATIONS
 (Unaudited)
 Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2010
    
    
    2009
    
    
    2010
    
    
    2009REVENUESNatural gas and oil
    
    $
    2,844,600
    
    
    $
    3,205,700
    
    
    $
    6,394,900
    
    
    $
    8,930,100Interest income
    
    
    200
    
    
    
    500
    
    
    
    500
    
    
    
    1,600Total revenues
    
    
    2,844,800
    
    
    
    3,206,200
    
    
    
    6,395,400
    
    
    
    8,931,700COSTS AND EXPENSESProduction
    
    
    1,267,400
    
    
    
    1,469,100
    
    
    
    2,729,100
    
    
    
    3,363,900Depletion
    
    
    1,351,900
    
    
    
    1,518,600
    
    
    
    3,099,700
    
    
    
    3,398,200Accretion of asset retirement obligation
    
    
    50,500
    
    
    
    41,100
    
    
    
    101,100
    
    
    
    82,200General and administrative
    
    
    112,300
    
    
    
    93,700
    
    
    
    213,500
    
    
    
    192,100Total expenses
    
    
    2,782,100
    
    
    
    3,122,500
    
    
    
    6,143,400
    
    
    
    7,036,400Net earnings
    
    $
    62,700
    
    
    $
    83,700
    
    
    $
    252,000
    
    
    $
    1,895,300Allocation of net earnings (loss):Managing general partner
    
    $
    234,600
    
    
    $
    268,000
    
    
    $
    574,100
    
    
    $
    1,206,900Limited partners
    
    $
    (171,900
    )
    
    $
    (184,300
    )
    
    $
    (322,100
    )
    
    $
    688,400Net earnings (loss) per limited partnership unit
    
    $
    (11
    )
    
    $
    (11
    )
    
    $
    (20
    )
    
    $
    42
   4




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
 
 STATEMENT OF CHANGES IN PARTNERS CAPITAL
 FOR THE SIX MONTHS ENDED
 June 30, 2010
 (Unaudited)
 AccumulatedManaging
    
    
    
    
    
    
    OtherGeneral
    
    
    Limited
    
    
    ComprehensivePartner
    
    
    Partners
    
    
    (Loss) Income
    
    
    TotalBalance at January 1, 2010
    
    $
    13,968,400
    
    
    $
    46,038,800
    
    
    $
    (1,574,900
    )
    
    $
    58,432,300Participation in revenues and expenses:Net production revenues
    
    
    1,283,000
    
    
    
    2,382,800
    
    
    
    
    
    
    
    3,665,800Interest income
    
    
    200
    
    
    
    300
    
    
    
    
    
    
    
    500Depletion
    
    
    (599,000
    )
    
    
    (2,500,700
    )
    
    
    
    
    
    
    (3,099,700
    )General and administrative
    
    
    (74,700
    )
    
    
    (138,800
    )
    
    
    
    
    
    
    (213,500
    )Accretion of asset retirement obligation
    
    
    (35,400
    )
    
    
    (65,700
    )
    
    
    
    
    
    
    (101,100
    )Net earnings (loss)
    
    
    574,100
    
    
    
    (322,100
    )
    
    
    
    
    
    
    252,000Other comprehensive income
    
    
    
    
    
    
    
    
    
    
    2,880,500
    
    
    
    2,880,500Subordination
    
    
    (594,800
    )
    
    
    594,800
    
    
    
    
    
    
    
    Asset contributions
    
    
    44,300
    
    
    
    
    
    
    
    
    
    
    
    44,300Distributions to partners
    
    
    (1,843,000
    )
    
    
    (4,286,800
    )
    
    
    
    
    
    
    (6,129,800
    )Balance at June 30, 2010
    
    $
    12,149,000
    
    
    $
    42,024,700
    
    
    $
    1,305,600
    
    
    $
    55,479,300
   5




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
 
 STATEMENTS OF CASH FLOWS
 (Unaudited)
 Six Months EndedJune 30,2010
    
    
    2009Cash flows from operating activities:Net earnings
    
    $
    252,000
    
    
    $
    1,895,300Adjustments to reconcile net earnings to net cash provided by
operating activities:Depletion
    
    
    3,099,700
    
    
    
    3,398,200Non cash loss on derivative value
    
    
    1,534,400
    
    
    
    4,576,300Accretion of asset retirement obligation
    
    
    101,100
    
    
    
    82,200(Increase) decrease in accounts receivable-affiliate
    
    
    (63,900
    )
    
    
    1,440,300Increase in accrued liabilities
    
    
    64,300
    
    
    
    12,300Net cash provided by operating activities
    
    
    4,987,600
    
    
    
    11,404,600Cash flows from financing activities:Distributions to partners
    
    
    (6,129,800
    )
    
    
    (14,301,600
    )Net cash used in financing activities
    
    
    (6,129,800
    )
    
    
    (14,301,600
    )Net decrease in cash and cash equivalents
    
    
    (1,142,200
    )
    
    
    (2,897,000
    )Cash and cash equivalents at beginning of period
    
    
    1,142,300
    
    
    
    2,897,400Cash and cash equivalents at end of period
    
    $
    100
    
    
    $
    400Supplemental Schedule of non-cash investing and financing activities:Assets (returned to) contributed by managing general partner:Tangible equipment
    
    $
    (4,700
    )
    
    $
    496,000Intangible drilling costs
    
    
    49,000
    
    
    
    567,700Syndication and offering costs
    
    
    
    
    
    
    (2,226,400
    )$
    44,300
    
    
    $
    (1,162,700
    )
   6




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
 
 NOTES TO FINANCIAL STATEMENTS
 June 30, 2010
 (Unaudited)
 NOTE 1  BASIS OF PRESENTATION
   NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 Use of Estimates
   Fair Value of Financial Instruments
   7




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
June 30, 2010
 (Unaudited)
 NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Oil and Gas Properties
    Impairment of Long-Lived Assets
     8




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
June 30, 2010
 (Unaudited)
 NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Impairment of Long-Lived Assets (Continued)
  Working Interest
  Revenue Recognition
    9




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
June 30, 2010
(Unaudited)
 NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Comprehensive Income (Loss)
  Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2010
    
    
    2009
    
    
    2010
    
    
    2009Net earnings
    
    $
    62,700
    
    
    $
    83,700
    
    
    $
    252,000
    
    
    $
    1,895,300Other comprehensive income (loss):Unrealized holding gain (loss) on hedging
contracts
    
    
    (319,500
    )
    
    
    505,600
    
    
    
    3,431,800
    
    
    
    (4,163,500
    )Less: reclassification adjustment for
(gains) loss
realized in net earnings
    
    
    (41,200
    )
    
    
    (61,400
    )
    
    
    (551,300
    )
    
    
    509,700Total other comprehensive income (loss)
    
    
    (360,700
    )
    
    
    444,200
    
    
    
    2,880,500
    
    
    
    (3,653,800
    )Comprehensive income (loss)
    
    $
    (298,000
    )
    
    $
    527,900
    
    
    $
    3,132,500
    
    
    $
    (1,758,500
    )
 Recently Adopted Accounting Standards
     10




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
June 30, 2010
 (Unaudited)
 NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Recently Issued Accounting Standards
  NOTE 3  OIL AND GAS PROPERTIES
  June 30,
    
    
    December 31,2010
    
    
    2009Natural gas and oil properties:Proved properties:Leasehold interests
    
    $
    3,900,000
    
    
    $
    3,911,300Wells and related equipment
    
    
    202,568,600
    
    
    
    202,711,300206,468,600
    
    
    
    206,622,600Accumulated depletion
    
    
    (156,684,400
    )
    
    
    (153,783,000
    )$
    49,784,200
    
    
    $
    52,839,600
 NOTE 4  ASSET RETIREMENT OBLIGATIONS
    11




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
June 30, 2010
 (Unaudited)
 NOTE 4  ASSET RETIREMENT OBLIGATIONS (Continued)
  Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2010
    
    
    2009
    
    
    2010
    
    
    2009Asset retirement obligation at beginning of
period
    
    $
    3,420,900
    
    
    $
    2,780,000
    
    
    $
    3,370,300
    
    
    $
    2,738,900Accretion expense
    
    
    50,500
    
    
    
    41,100
    
    
    
    101,100
    
    
    
    82,200Asset retirement obligation at end of period
    
    $
    3,471,400
    
    
    $
    2,821,100
    
    
    $
    3,471,400
    
    
    $
    2,821,100
 NOTE 5  DERIVATIVE INSTRUMENTS
     12




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
June 30, 2010
 (Unaudited)
 NOTE 5  DERIVATIVE INSTRUMENTS (Continued)
  Fair Value of Derivative Instruments:
 Asset Derivatives
    
    
    Liability DerivativesDerivatives in
    
    
    
    Fair Value
    
    
    
    
    Fair ValueCash Flow
    
    Balance Sheet
    
    June 30,
    
    
    December 31,
    
    
    Balance Sheet
    
    June 30,
    
    
    December 31,Hedging Relationships
    
    Location
    
    2010
    
    
    2009
    
    
    Location
    
    2010
    
    
    2009Commodity contracts:
    
    Current assets
    
    $
    2,892,700
    
    
    $
    2,407,600
    
    
    Current liabilities
    
    $
    (49,400
    )
    
    $
    (29,000
    )Long-term assets
    
    
    3,758,000
    
    
    
    1,980,800
    
    
    Long-term liabilities
    
    
    (1,197,600
    )
    
    
    (301,800
    )Total derivatives
    
    
    
    $
    6,650,700
    
    
    $
    4,388,400
    
    
    
    
    $
    (1,247,000
    )
    
    $
    (330,800
    )
 Effects of Derivative Instruments on Statements of Operations:
 (Loss)/Gain
    
    
    
    
    GainRecognized in OCI on Derivative
    
    
    
    
    Reclassified from OCI into Income(Effective Portion)
    
    
    Location of Gain/(Loss)
    
    (Effective Portion)Derivatives in
    
    Three Months Ended
    
    
    Reclassified from Accumulated
    
    Three Months EndedCash Flow
    
    June 30,
    
    
    June 30,
    
    
    OCI into Income
    
    June 30,
    
    
    June 30,Hedging Relationship
    
    2010
    
    
    2009
    
    
    (Effective Portion)
    
    2010
    
    
    2009Commodity contracts
    
    $
    (319,500
    )
    
    $
    505,600
    
    
    Natural gas and oil revenue
    
    $
    41,200
    
    
    $
    61,400
 Gain/(Loss)
    
    
    
    
    Gain/(Loss)Recognized in OCI on Derivative
    
    
    
    
    Reclassified from OCI into Income(Effective Portion)
    
    
    Location of Gain/(Loss)
    
    (Effective Portion)Derivatives in
    
    Six Months Ended
    
    
    Reclassified from Accumulated
    
    Six Months EndedCash Flow
    
    June 30,
    
    
    June 30,
    
    
    OCI into Income
    
    June 30,
    
    
    June 30,Hedging Relationship
    
    2010
    
    
    2009
    
    
    (Effective Portion)
    
    2010
    
    
    2009Commodity contracts
    
    $
    3,431,800
    
    
    $
    (4,163,500
    )
    
    Natural gas and oil revenue
    
    $
    551,300
    
    
    $
    (509,700
    )
  Natural Gas Fixed Price Swaps
 Production
    
    
    
    
    
    AveragePeriod Ending
    
    Volumes
    
    
    Fixed Price
    
    
    Fair ValueDecember 31,
    
    (MMbtu)(1)
    
    
    (per MMbtu)(1)
    
    
    Asset(2)2010
    
    
    666,900
    
    
    $
    7.238
    
    
    $
    1,605,4002011
    
    
    909,900
    
    
    
    6.839
    
    
    
    1,357,9002012
    
    
    610,400
    
    
    
    7.165
    
    
    
    889,3002013
    
    
    343,700
    
    
    
    7.011
    
    
    
    369,5002014
    
    
    
    
    
    
    
    
    
    
    $
    4,222,100
  13




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
June 30, 2010
 (Unaudited)
 NOTE 5  DERIVATIVE INSTRUMENTS (Continued)
 Natural Gas Costless Collars
 Production
    
    
    
    
    
    
    
    AveragePeriod Ending
    
    Option
    
    Volumes
    
    
    Floor & Cap
    
    
    Fair ValueDecember 31,
    
    Type
    
    (MMbtu)(1)
    
    
    (per MMbtu)(1)
    
    
    Asset (Liability)(2)2010
    
    Puts purchased
    
    
    89,700
    
    
    $
    6.123
    
    
    $
    151,3002010
    
    Calls sold
    
    
    89,700
    
    
    
    7.327
    
    
    
    (13,000
    )2011
    
    Puts purchased
    
    
    420,100
    
    
    
    6.435
    
    
    
    674,8002011
    
    Calls sold
    
    
    420,100
    
    
    
    7.545
    
    
    
    (124,200
    )2012
    
    Puts purchased
    
    
    379,000
    
    
    
    6.012
    
    
    
    558,3002012
    
    Calls sold
    
    
    379,000
    
    
    
    7.181
    
    
    
    (314,000
    )2013
    
    Puts purchased
    
    
    442,600
    
    
    
    6.010
    
    
    
    737,8002013
    
    Calls sold
    
    
    442,600
    
    
    
    7.173
    
    
    
    (536,200
    )2014
    
    Puts purchased
    
    
    153,700
    
    
    
    5.860
    
    
    
    257,9002014
    
    Calls sold
    
    
    153,700
    
    
    
    6.961
    
    
    
    (242,100
    )$
    1,150,600
 Crude Oil Fixed Price Swaps
 Production
    
    
    
    
    
    AveragePeriod Ending
    
    Volumes
    
    
    Fixed Price
    
    
    Fair ValueDecember 31,
    
    (Bbl)(1)
    
    
    (per Bbl)(1)
    
    
    Asset(3)2010
    
    
    500
    
    
    $
    97.123
    
    
    $
    10,7002011
    
    
    800
    
    
    
    88.304
    
    
    
    7,0002012
    
    
    600
    
    
    
    87.901
    
    
    
    4,0002013
    
    
    200
    
    
    
    88.211
    
    
    
    1,0002014
    
    
    
    
    
    
    
    
    
    
    $
    22,700
  14




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
June 30, 2010
 (Unaudited)
 NOTE 5  DERIVATIVE INSTRUMENTS (Continued)
 Crude Oil Costless Collars
 Production
    
    
    
    
    
    
    
    AveragePeriod Ending
    
    Option
    
    Volumes
    
    
    Floor & Cap
    
    
    Fair ValueDecember 31,
    
    Type
    
    (Bbl)(1)
    
    
    (per Bbl)(1)
    
    
    Asset (Liability)(2)2010
    
    Puts purchased
    
    
    300
    
    
    $
    85.000
    
    
    $
    3,3002010
    
    Calls sold
    
    
    300
    
    
    
    112.350
    
    
    
    (50
    )2011
    
    Puts purchased
    
    
    500
    
    
    
    77.381
    
    
    
    5,0002011
    
    Calls sold
    
    
    500
    
    
    
    101.642
    
    
    
    (2,200
    )2012
    
    Puts purchased
    
    
    400
    
    
    
    76.756
    
    
    
    4,6502012
    
    Calls sold
    
    
    400
    
    
    
    102.181
    
    
    
    (2,800
    )2013
    
    Puts purchased
    
    
    100
    
    
    
    76.757
    
    
    
    1,4002013
    
    Calls sold
    
    
    100
    
    
    
    103.103
    
    
    
    (1,000
    )2014
    
    Puts purchased
    
    
    
    
    
    
    
    
    
    
    2014
    
    Calls sold
    
    
    
    
    
    
    
    
    
    
    $
    8,300Total Net Asset
    
    $
    5,403,700
 
 (1)
    
    MMBTU represents million British Thermal Units. Bbl represents barrels.(2)
    
    Fair value based on forward NYMEX natural gas prices, as applicable.(3)
    
    Fair value based on forward WTI crude oil prices, as applicable. NOTE 6  FAIR VALUE OF FINANCIAL INSTRUMENTS
  Level 1 
 Level 2 
 Level 3 
 Assets and Liabilities Measured at Fair Value on a Recurring Basis
   15




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
June 30, 2010
 (Unaudited)
 NOTE 6  FAIR VALUE OF FINANCIAL INSTRUMENTS (Continued)
 Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
  NOTE 7  CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
  
    
    Administrative costs which are included in general and administrative expenses in the
Partnerships statements of operations are payable at $75 per well per month.
Administrative costs incurred for the three and six months ended June 30, 2010 were
$74,400 and $148,600, respectively. Administrative costs incurred for the three and six
months ended June 30, 2009 were $73,900 and $146,100, respectively.
 
    
    Monthly well supervision fees which are included in production expenses in the
Partnerships statements of operations are payable at $377 per well per month in 2010
and 2009, respectively, for operating and maintaining the wells. Well supervision fees
incurred for the three and six months ended June 30, 2010 were $374,200 and $747,200,
respectively. Well supervision fees incurred for the three and six months ended June 30,
2009 were $371,500 and $734,400, respectively.
 
    
    Transportation fees which are included in production expenses in the Partnerships
statements of operations are generally payable at 13% of the natural gas sales price.
Transportation fees incurred for the three and six months ended June 30, 2010 were
$439,200 and $945,500, respectively. Transportation fees incurred for the three and six
months ended June 30, 2009 were $623,600 and $1,542,600, respectively.
 
    
    Assets contributed from the MGP which are disclosed on the Partnerships statements
of cash flows as a non-cash activity for the six months ended June 30, 2010 were
$44,300. Assets returned to the MGP which are discussed on the Partnerships Statements
of Cash Flows as a non-cash activity for the six months ended June 30, 2009 were
$1,162,700.
  Subordination by Managing General Partner
   16




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##### Table of Contents



ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
June 30, 2010
 (Unaudited)
 NOTE 8  COMMITMENTS AND CONTINGENCIES
 Legal Proceedings
   
 ITEM 2.
    
    MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS (UNAUDITED)
 Forward-Looking Statements
 When used in this Form 10-Q , the words believes, anticipates, expects and similar
expressions are intended to identify forward-looking statements. There are risks and uncertainties
that could cause actual results to differ materially from the results stated or implied in this
document. 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-Q or to reflect the occurrence of unanticipated events.
 BUSINESS OVERVIEW
    17




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##### Table of Contents



Results of Operations
  Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2010
    
    
    2009
    
    
    2010
    
    
    2009Production revenues (in thousands):Gas
    
    $
    2,646
    
    
    $
    5,355
    
    
    $
    6,164
    
    
    $
    12,933Oil (1)
    
    
    199
    
    
    
    129
    
    
    
    231
    
    
    
    573Total
    
    $
    2,845
    
    
    $
    5,484
    
    
    $
    6,395
    
    
    $
    13,506Production volumes:Gas (mcf/day) (2)
    
    
    5,169
    
    
    
    7,428
    
    
    
    6,107
    
    
    
    8,303Oil (bbls/day) (2)
    
    
    47
    
    
    
    24
    
    
    
    33
    
    
    
    45Total (mcfe/day) (2)
    
    
    5,451
    
    
    
    7,572
    
    
    
    6,305
    
    
    
    8,573Average sales prices: (3)Gas (per mcf) (2) (4)
    
    $
    7.37
    
    
    $
    7.92
    
    
    $
    6.78
    
    
    $
    8.61Oil (per bbl) (2) (5)
    
    $
    74.02
    
    
    $
    59.65
    
    
    $
    73.08
    
    
    $
    70.63Average production costs:As a percent of revenues
    
    
    45
    %
    
    
    46
    %
    
    
    43
    %
    
    
    38
    %Per mcfe (2)
    
    $
    2.56
    
    
    $
    2.13
    
    
    $
    2.39
    
    
    $
    2.17Depletion per mcfe
    
    $
    2.73
    
    
    $
    2.20
    
    
    $
    2.72
    
    
    $
    2.19
 
 (1)
    
    Oil revenue for the three and six months ended June 30, 2009, has been adjusted to
remove the effect of previously recognized gains of $192,000 and $402,600,
respectively.(2)
    
    Mcf represents thousand cubic feet, mcfe represents thousand cubic feet
equivalent, and bbls represents barrels. Bbls are converted to mcfe using the ratio
of six mcfs to one bbl.(3)
    
    Average sales prices represent accrual basis pricing after reversing the effect
of previously recognized gains resulting from prior period impairment charges.(4)
    
    Average gas prices are calculated by including in total revenue derivative gains
previously recognized into income and dividing by the total volume for the period.
Previously recognized derivative gains were $822,300 and $2,085,500 for the three
months ended June 30, 2010 and 2009, respectively. Previously recognized derivative
gains were $1,327,600 and $4,173,700 for the six months ended June 30, 2010 and 2009,
respectively. The derivative gains are included in other comprehensive income and
resulted from prior period impairment charges.(5)
    
    Average oil prices are calculated by including in total revenue derivative gains
previously recognized into income and dividing by the total volume for the period.
Previously recognized derivative gains were $117,400 and $192,000 for the three months
ended June 30, 2010 and 2009, respectively. Previously recognized derivative gains were
$206,800 and $402,600 for the six months ended June 30, 2010 and 2009, respectively.
The derivative gains are included in other comprehensive income and resulted from prior
period impairment charges. Natural Gas Revenues.
  18




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##### Table of Contents



Oil Revenues.
  Expenses.
   Liquidity and Capital Resources
    19




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##### Table of Contents



Subordination by Managing General Partner
  CRITICAL ACCOUNTING POLICIES AND ESTIMATES
  Fair Value of Financial Instruments
  Level 1 
 Level 2 
 Level 3 
   20




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##### Table of Contents



ITEM 4.
    
    CONTROLS AND PROCEDURES
    
 PART II OTHER INFORMATION
 
 ITEM 1.
    
    LEGAL PROCEEDINGS
   
 ITEM 6.
    
    EXHIBITS
 EXHIBIT INDEX
 Exhibit No.
    
    Description4.0
    
    
    Amended and Restated Certificate and Agreement of Limited Partnership for Public 17-2007
(A) L.P. (1)10.1
    
    
    Drilling and Operating Agreement for Atlas America Public 17-2007 (A) L.P. (1)31.1
    
    
    Rule 13a-14(a)/15d-14(a) Certification.31.2
    
    
    Rule 13a-14(a)/15d-14(a) Certification.32.1
    
    
    Section 1350 Certification.32.2
    
    
    Section 1350 Certification.
 
 (1)
    
    Filed on June 27, 2007 in the Form S-1 Registration Statement dated June 27, 2007, File No. 000-53180  21




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##### Table of Contents



SIGNATURES
  Atlas Resources Public 17-2007
(A) L.P.Atlas Resources, LLC, Managing General PartnerDate:  August 16, 2010
    By:
    /s/ FREDDIE M. KOTEKFreddie M. KotekChairman of the Board of Directors,
Chief Executive Officer and PresidentDate:  August 16, 2010
    By:
    /s/ MATTHEW A. JONESMatthew A. JonesChief Financial Officer  22