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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 September 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
(State or other jurisdiction of 
incorporation or organization)
    
    20-8978061
(I.R.S. Employer
Identification No.)Westpointe Corporate Center One 
1550 Coraopolis Heights Rd. 2nd Floor 
Moon Township, PA
(Address of principal executive offices)
    
    15108
(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




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##### 



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 September 30, 2010 and December 31, 2009
    
    
    3Statements of Operations for the Three Months and Nine Months ended September 30, 2010 and 2009
    
    
    4Statement of Changes in Partners Capital for the Nine Months ended September 30, 2010
    
    
    5Statements of Cash Flows for the Nine Months ended September 30, 2010
    
    
    6Notes to Financial Statements
    
    
    7-18Item 2: Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    18-22Item 4: Controls and Procedures
    
    
    22PART II. OTHER INFORMATIONItem 1: Legal Proceedings
    
    
    23Item 6: Exhibits
    
    
    23SIGNATURES
    
    
    24CERTIFICATIONSExhibit 31.1Exhibit 31.2Exhibit 32.1Exhibit 32.2
   2




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##### Table of Contents



PART I. FINANCIAL INFORMATION
 
 ITEM 1. FINANCIAL STATEMENTS
 ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
 
 BALANCE SHEETS
 September 30,
    
    
    December 31,2010
    
    
    2009(Unaudited)ASSETSCurrent assets:Cash and cash equivalents
    
    $
    12,400
    
    
    $
    1,142,300Accounts receivable  affiliate
    
    
    3,256,200
    
    
    
    3,874,900Short-term hedge receivable due from affiliate
    
    
    3,651,000
    
    
    
    2,407,600Total current assets
    
    
    6,919,600
    
    
    
    7,424,800Oil and gas properties, net
    
    
    48,548,900
    
    
    
    52,839,600Long-term hedge liability due from affiliate
    
    
    3,834,700
    
    
    
    1,980,800$
    59,303,200
    
    
    $
    62,245,200LIABILITIES AND PARTNERS CAPITALCurrent liabilities:Accrued liabilities
    
    $
    164,100
    
    
    $
    111,800Short-term hedge liability due to affiliate
    
    
    9,600
    
    
    
    29,000Total current liabilities
    
    
    173,700
    
    
    
    140,800Asset retirement obligation
    
    
    3,522,000
    
    
    
    3,370,300Long-term hedge liability due to affiliate
    
    
    627,100
    
    
    
    301,800Partners capital:Managing general partner
    
    
    11,460,200
    
    
    
    13,968,400Limited partners (16,345.90 units)
    
    
    39,963,800
    
    
    
    46,038,800Accumulated other comprehensive income (loss)
    
    
    3,556,400
    
    
    
    (1,574,900
    )Total partners capital
    
    
    54,980,400
    
    
    
    58,432,300$
    59,303,200
    
    
    $
    62,245,200
   3




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
 
 STATEMENTS OF OPERATIONS
 (Unaudited)
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2010
    
    
    2009
    
    
    2010
    
    
    2009REVENUESNatural gas and oil
    
    $
    2,313,400
    
    
    $
    2,997,800
    
    
    $
    8,708,300
    
    
    $
    11,927,900Interest income
    
    
    200
    
    
    
    400
    
    
    
    700
    
    
    
    2,000Total revenues
    
    
    2,313,600
    
    
    
    2,998,200
    
    
    
    8,709,000
    
    
    
    11,929,900COSTS AND EXPENSESProduction
    
    
    1,293,800
    
    
    
    1,509,100
    
    
    
    4,022,900
    
    
    
    4,873,000Depletion
    
    
    1,260,900
    
    
    
    1,344,100
    
    
    
    4,360,600
    
    
    
    4,742,300Accretion of asset retirement obligation
    
    
    50,600
    
    
    
    41,000
    
    
    
    151,700
    
    
    
    123,200General and administrative
    
    
    75,600
    
    
    
    108,100
    
    
    
    289,100
    
    
    
    300,200Total expenses
    
    
    2,680,900
    
    
    
    3,002,300
    
    
    
    8,824,300
    
    
    
    10,038,700Net (loss) earnings
    
    $
    (367,300
    )
    
    $
    (4,100
    )
    
    $
    (115,300
    )
    
    $
    1,891,200Allocation of net (loss) earnings:Managing general partner
    
    $
    (300
    )
    
    $
    212,600
    
    
    $
    573,800
    
    
    $
    1,419,500Limited partners
    
    $
    (367,000
    )
    
    $
    (216,700
    )
    
    $
    (689,100
    )
    
    $
    471,700Net (loss) earnings per limited partnership unit
    
    $
    (22
    )
    
    $
    (13
    )
    
    $
    (42
    )
    
    $
    29
   4




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
 
 STATEMENT OF CHANGES IN PARTNERS CAPITAL
 FOR THE NINE MONTHS ENDED
 September 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
    
    
    1,563,500
    
    
    
    3,121,900
    
    
    
    
    
    
    
    4,685,400Interest income
    
    
    200
    
    
    
    500
    
    
    
    
    
    
    
    700Depletion
    
    
    (842,800
    )
    
    
    (3,517,800
    )
    
    
    
    
    
    
    (4,360,600
    )Accretion of asset retirement obligation
    
    
    (50,600
    )
    
    
    (101,100
    )
    
    
    
    
    
    
    (151,700
    )General and administrative
    
    
    (96,500
    )
    
    
    (192,600
    )
    
    
    
    
    
    
    (289,100
    )Net earnings (loss)
    
    
    573,800
    
    
    
    (689,100
    )
    
    
    
    
    
    
    (115,300
    )Other comprehensive income
    
    
    
    
    
    
    
    
    
    
    5,131,300
    
    
    
    5,131,300Subordination
    
    
    (766,300
    )
    
    
    766,300
    
    
    
    
    
    
    
    Asset contributions
    
    
    80,300
    
    
    
    
    
    
    
    
    
    
    
    80,300Working interest adjustment
    
    
    (742,700
    )
    
    
    742,700
    
    
    
    
    
    
    
    Distributions to partners
    
    
    (1,653,300
    )
    
    
    (6,894,900
    )
    
    
    
    
    
    
    (8,548,200
    )Balance at September 30, 2010
    
    $
    11,460,200
    
    
    $
    39,963,800
    
    
    $
    3,556,400
    
    
    $
    54,980,400
   5




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
 
 STATEMENTS OF CASH FLOWS
 (Unaudited)
 Nine Months EndedSeptember 30,2010
    
    
    2009Cash flows from operating activities:Net (loss) earnings
    
    $
    (115,300
    )
    
    $
    1,891,200Adjustments to reconcile net (loss) earnings to net cash provided by
operating activities:Depletion
    
    
    4,360,600
    
    
    
    4,742,300Non cash loss on derivative value
    
    
    2,339,900
    
    
    
    6,613,200Accretion of asset retirement obligation
    
    
    151,700
    
    
    
    123,200Decrease in accounts receivable-affiliate
    
    
    618,700
    
    
    
    2,425,100Increase in accrued liabilities
    
    
    52,300
    
    
    
    27,200Net cash provided by operating activities
    
    
    7,407,900
    
    
    
    15,822,200Cash flows from investing activities:Return of initial capital contribution by MGP
    
    
    
    
    
    
    (100
    )Proceeds of sale of tangible equipment
    
    
    10,400
    
    
    
    Net cash provided by (used in) investing activities
    
    
    10,400
    
    
    
    (100
    )Cash flows from financing activities:Distributions to partners
    
    
    (8,548,200
    )
    
    
    (18,719,200
    )Net cash used in financing activities
    
    
    (8,548,200
    )
    
    
    (18,719,200
    )Net decrease in cash and cash equivalents
    
    
    (1,129,900
    )
    
    
    (2,897,100
    )Cash and cash equivalents at beginning of period
    
    
    1,142,300
    
    
    
    2,897,400Cash and cash equivalents at end of period
    
    $
    12,400
    
    
    $
    300Supplemental Schedule of non-cash investing and financing activities:Assets contributed by managing general partner:Tangible equipment
    
    $
    11,100
    
    
    $
    508,100Intangible drilling costs
    
    
    69,200
    
    
    
    754,000$
    80,300
    
    
    $
    1,262,100
   6




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
 
 NOTES TO FINANCIAL STATEMENTS
 September 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)
September 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)
September 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)
September 30, 2010
(Unaudited)
 NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Comprehensive Income (Loss)
  Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2010
    
    
    2009
    
    
    2010
    
    
    2009Net (loss) earnings
    
    $
    (367,300
    )
    
    $
    (4,100
    )
    
    $
    (115,300
    )
    
    $
    1,891,200Other comprehensive income (loss):Unrealized holding gain (loss) on hedging contracts
    
    
    2,370,400
    
    
    
    631,800
    
    
    
    5,802,200
    
    
    
    (3,531,700
    )Less: reclassification adjustment for (gain) loss realized in net (loss) earnings
    
    
    (119,600
    )
    
    
    (181,200
    )
    
    
    (670,900
    )
    
    
    328,500Total other comprehensive income (loss)
    
    
    2,250,800
    
    
    
    450,600
    
    
    
    5,131,300
    
    
    
    (3,203,200
    )Comprehensive income (loss)
    
    $
    1,883,500
    
    
    $
    446,500
    
    
    $
    5,016,000
    
    
    $
    (1,312,000
    )
 Recently Adopted Accounting Standards
     10




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2010
(Unaudited)
 NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Recently Adopted Accounting Standards (Continued)
  Recently Issued Accounting Standards
    11




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2010
(Unaudited)
 NOTE 3  OIL AND GAS PROPERTIES
  September 30,
    
    
    December 31,2010
    
    
    2009Natural gas and oil properties:Proved properties:Leasehold interests
    
    $
    3,888,700
    
    
    $
    3,911,300Wells and related equipment
    
    
    202,340,900
    
    
    
    202,711,300206,229,600
    
    
    
    206,622,600Accumulated depletion
    
    
    (157,680,700
    )
    
    
    (153,783,000
    )$
    48,548,900
    
    
    $
    52,839,600
 NOTE 4  ASSET RETIREMENT OBLIGATIONS
    Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2010
    
    
    2009
    
    
    2010
    
    
    2009Asset retirement obligation at beginning of
period
    
    $
    3,471,400
    
    
    $
    2,821,100
    
    
    $
    3,370,300
    
    
    $
    2,738,900Accretion expense
    
    
    50,600
    
    
    
    41,000
    
    
    
    151,700
    
    
    
    123,200Asset retirement obligation at end of period
    
    $
    3,522,000
    
    
    $
    2,862,100
    
    
    $
    3,522,000
    
    
    $
    2,862,100
  12




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2010
(Unaudited)
 NOTE 5  DERIVATIVE INSTRUMENTS
     13




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
September 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
    
    September 30,
    
    
    December 31,
    
    
    Balance sheet
    
    September 30,
    
    
    December 31,Hedging Relationships
    
    Location
    
    2010
    
    
    2009
    
    
    Location
    
    2010
    
    
    2009Commodity Contracts
    
    Current Assets
    
    $
    3,651,000
    
    
    $
    2,407,600
    
    
    Current liabilities
    
    $
    (9,600
    )
    
    $
    (29,000
    )Long-Term Assets
    
    
    3,834,700
    
    
    
    1,980,800
    
    
    Long-term liabilities
    
    
    (627,100
    )
    
    
    (301,800
    )Total Derivatives
    
    
    
    $
    7,485,700
    
    
    $
    4,388,400
    
    
    
    
    $
    (636,700
    )
    
    $
    (330,800
    )
 Effects of Derivative Instruments on Statements of Operations:
 Gain
    
    
    
    
    
    
    GainRecognized in OCI on Derivative
    
    
    
    
    
    
    Reclassified from OCI into Net (Loss) Earnings(Effective Portion)
    
    
    Location of Gain
    
    
    (Effective Portion)Derivatives in
    
    Three Months Ended
    
    
    Reclassified from Accumulated
    
    
    Three Months EndedCash Flow
    
    September 30,
    
    
    September 30,
    
    
    OCI into Net (Loss) Earnings
    
    
    September 30,
    
    
    September 30,Hedging Relationships
    
    2010
    
    
    2009
    
    
    (Effective Portion)
    
    
    2010
    
    
    2009Commodity Contracts
    
    $
    2,370,400
    
    
    $
    631,800
    
    
    Natural Gas and Oil Revenue
    
    $
    119,600
    
    
    $
    181,200
 Gain/(Loss)
    
    
    
    
    
    
    Gain/(Loss)Recognized in OCI on Derivative
    
    
    
    
    
    
    Reclassified from OCI into Net (Loss) Earnings(Effective Portion)
    
    
    Location of Gain/(Loss)
    
    
    (Effective Portion)Derivatives in
    
    Nine Months Ended
    
    
    Reclassified from Accumulated
    
    
    Nine Months EndedCash Flow
    
    September 30,
    
    
    September 30,
    
    
    OCI into Net (Loss) Earnings
    
    
    September 30,
    
    
    September 30,Hedging Relationships
    
    2010
    
    
    2009
    
    
    (Effective Portion)
    
    
    2010
    
    
    2009Commodity Contracts
    
    $
    5,802,200
    
    
    $
    (3,531,700
    )
    
    Natural Gas and Oil Revenue
    
    $
    670,900
    
    
    $
    (328,500
    )
   14




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2010
(Unaudited)
 NOTE 5  DERIVATIVE INSTRUMENTS (Continued)
 Natural Gas Fixed Price Swaps
 Production
    
    
    
    
    
    AveragePeriod Ending
    
    Volumes
    
    
    Fixed Price
    
    
    Fair ValueDecember 31,
    
    (MMbtu) (1)
    
    
    (per MMbtu) (1)
    
    
    Asset (2)2010
    
    
    336,900
    
    
    $
    7.236
    
    
    $
    1,109,4002011
    
    
    898,500
    
    
    
    6.845
    
    
    
    2,160,3002012
    
    
    603,700
    
    
    
    7.172
    
    
    
    1,258,4002013
    
    
    338,800
    
    
    
    6.544
    
    
    
    413,3002014
    
    
    148,100
    
    
    
    5.899
    
    
    
    67,900$
    5,009,300
 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
    
    
    57,400
    
    
    $
    5.774
    
    
    $
    108,3002010
    
    Calls sold
    
    
    57,400
    
    
    
    6.996
    
    
    
    (100
    )2011
    
    Puts purchased
    
    
    416,100
    
    
    
    6.441
    
    
    
    877,7002011
    
    Calls sold
    
    
    416,100
    
    
    
    7.551
    
    
    
    (18,700
    )2012
    
    Puts purchased
    
    
    374,300
    
    
    
    6.013
    
    
    
    563,7002012
    
    Calls sold
    
    
    374,300
    
    
    
    7.183
    
    
    
    (124,200
    )2013
    
    Puts purchased
    
    
    438,300
    
    
    
    5.749
    
    
    
    651,8002013
    
    Calls sold
    
    
    438,300
    
    
    
    6.937
    
    
    
    (310,900
    )2014
    
    Puts purchased
    
    
    161,100
    
    
    
    5.613
    
    
    
    245,6002014
    
    Calls sold
    
    
    161,100
    
    
    
    6.724
    
    
    
    (163,900
    )$
    1,829,300
 Crude Oil Fixed Price Swaps
 Production
    
    
    
    
    
    AveragePeriod Ending
    
    Volumes
    
    
    Fixed Price
    
    
    Fair ValueDecember 31,
    
    (Bbl) (1)
    
    
    (per Bbl) (1)
    
    
    Asset (3)2010
    
    
    200
    
    
    $
    97.061
    
    
    $
    4,4002011
    
    
    800
    
    
    
    88.498
    
    
    
    3,1002012
    
    
    600
    
    
    
    88.093
    
    
    
    5002013
    
    
    200
    
    
    
    88.398
    
    
    
    1002014
    
    
    
    
    
    
    
    
    
    
    $
    8,100
  15




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
September 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
    
    
    100
    
    
    $
    85.000
    
    
    
    1,0002010
    
    Calls sold
    
    
    100
    
    
    
    112.220
    
    
    
    2011
    
    Puts purchased
    
    
    500
    
    
    
    77.563
    
    
    
    3,1002011
    
    Calls sold
    
    
    500
    
    
    
    101.861
    
    
    
    (2,200
    )2012
    
    Puts purchased
    
    
    400
    
    
    
    76.952
    
    
    
    3,4002012
    
    Calls sold
    
    
    400
    
    
    
    102.368
    
    
    
    (3,100
    )2013
    
    Puts purchased
    
    
    100
    
    
    
    76.952
    
    
    
    1,1002013
    
    Calls sold
    
    
    100
    
    
    
    103.269
    
    
    
    (1,000
    )2014
    
    Puts purchased
    
    
    
    
    
    
    
    
    
    
    2014
    
    Calls sold
    
    
    
    
    
    
    
    
    
    
    $
    2,300Total Net Asset
    
    
    $
    6,849,000
 
 (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 
  16




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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2010
(Unaudited)
 NOTE 6  FAIR VALUE OF FINANCIAL INSTRUMENTS (Continued)
 Assets and Liabilities Measured at Fair Value on a Recurring Basis
  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 nine months ended September 30, 2010
were $74,300 and $222,900, respectively. Administrative costs incurred for the three and
nine months ended September 30, 2009 were $74,700 and $220,800, 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 for
operating and maintaining the wells. Well supervision fees incurred for the three and
nine months ended September 30, 2010 were $373,400 and $1,120,600, respectively. Well
supervision fees incurred for the three and nine months ended September 30, 2009 were
$375,300 and $1,109,700, 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 nine months ended September 30, 2010 were
$401,300 and $1,346,800, respectively. Transportation fees incurred for the three and
nine months ended September 30, 2009 were $610,000 and $2,152,600, respectively.
 
    
    Assets contributed from the MGP, which are disclosed on the Partnerships statements
of cash flows as a non-cash activity, for the nine months ended September 30, 2010 and
2009 were $80,300 and $1,262,100, respectively.
  Subordination by Managing General Partner
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ATLAS RESOURCES PUBLIC 17-2007 (A) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
September 30, 2010
(Unaudited)
 NOTE 8  COMMITMENTS AND CONTINGENCIES
 Legal Proceedings
   NOTE 9 — SUBSEQUENT EVENT-MERGER AGREEMENT
 )
    
 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
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Results of Operations
  Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2010
    
    
    2009
    
    
    2010
    
    
    2009Production revenues (in thousands):Gas
    
    $
    2,408
    
    
    $
    3,085
    
    
    $
    8,572
    
    
    $
    11,845Oil (1)
    
    
    20
    
    
    
    97
    
    
    
    458
    
    
    
    670Total
    
    $
    2,428
    
    
    $
    3,182
    
    
    $
    9,030
    
    
    $
    12,515Production volumes:Gas (mcf/day) (2)
    
    
    5,020
    
    
    
    6,396
    
    
    
    5,741
    
    
    
    7,660Oil (bbls/day) (2)
    
    
    3
    
    
    
    30
    
    
    
    23
    
    
    
    40Total (mcfe/day) (2)
    
    
    5,038
    
    
    
    6,576
    
    
    
    5,879
    
    
    
    7,900Average sales prices: (3)Gas (per mcf) (2) (4)
    
    $
    6.71
    
    
    $
    8.39
    
    
    $
    6.76
    
    
    $
    8.55Oil (per bbl) (2) (5)
    
    $
    63.89
    
    
    $
    35.74
    
    
    $
    72.62
    
    
    $
    61.89Average production costs:As a percent of revenues
    
    
    56
    %
    
    
    50
    %
    
    
    46
    %
    
    
    41
    %Per mcfe (2)
    
    $
    2.79
    
    
    $
    2.50
    
    
    $
    2.51
    
    
    $
    2.26Depletion per mcfe
    
    $
    2.72
    
    
    $
    2.22
    
    
    $
    2.72
    
    
    $
    2.20
 
 (1)
    
    Oil revenue for the three months ended September 30, 2010 and 2009, has been
adjusted to remove the effect of previously recognized gains of $114,900 and $184,100,
respectively. Oil revenue for the nine months ended September 30, 2010 and 2009, has
been adjusted to remove the effect of previously recognized gains of $321,700 and
$586,700, 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 $690,600 and $1,852,700 for the three
months ended September 30, 2010 and 2009, respectively. Previously recognized
derivative gains were $2,018,200 and $6,026,400 for the nine months ended September 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 $114,900 and $184,100 for the three months
ended September 30, 2010 and 2009, respectively. Previously recognized derivative gains
were $321,700 and $586,700 for the nine months ended September 30, 2010 and 2009,
respectively. The derivative gains are included in other comprehensive income and
resulted from prior period impairment charges. Natural Gas Revenues.
  19




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Oil Revenues.
  Expenses.
   Liquidity and Capital Resources
   20




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Subordination by Managing General Partner
  CRITICAL ACCOUNTING POLICIES AND ESTIMATES
  Fair Value of Financial Instruments
  Level 1 
 Level 2 
  21




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Level 3 
   
 ITEM 4. CONTROLS AND PROCEDURES
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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  23




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SIGNATURES
  Atlas Resources Public 17-2007 (A) L.P.
Atlas Resources, LLC, Managing General PartnerDate: November 12, 2010
    
    By:
    
    /s/ FREDDIE M. KOTEKFreddie M. KotekChairman of the Board of Directors,Chief Executive Officer and PresidentDate: November 12, 2010
    
    By:
    
    /s/ MATTHEW A. JONESMatthew A. JonesChief Financial Officer
  24