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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 March 31, 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 000-53507
 ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
  Delaware
    
    26-1466056(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
 þ o
 Yes o No þ
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer o
    
    Smaller reporting company þ
 o þ
 o þ




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##### 



ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
(A Delaware Limited Partnership)
INDEX TO QUARTERLY REPORT
ON FORM 10-Q
 PAGEPART I. FINANCIAL INFORMATIONItem 1: Financial StatementsBalance Sheets as of March 31, 2010 and December 31, 2009
    
    
    3Statements of Operations for the Three Months ended March 31, 2010 and 2009
    
    
    4Statement of Changes in Partners Capital for the Three Months ended March 31, 2010
    
    
    5Statements of Cash Flows for the Three Months ended March 31, 2010 and 2009
    
    
    6Notes to Financial Statements
    
    
    7-16Item 2: Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    16-19Item 4: Controls and Procedures
    
    
    19PART II. OTHER INFORMATIONItem 1: Legal Proceedings
    
    
    20Item 6: Exhibits
    
    
    20SIGNATURES
    
    
    21CERTIFICATIONSExhibit 31.1Exhibit 31.2Exhibit 32.1Exhibit 32.2
   2




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
 
 BALANCE SHEETS
 March 31,
    
    
    December 31,2010
    
    
    2009(Unaudited)ASSETSCurrent assets:Cash and cash equivalents
    
    $
    1,549,200
    
    
    $
    1,845,500Accounts receivable  affiliate
    
    
    5,153,700
    
    
    
    6,009,300Short-term hedge receivable due from affiliate
    
    
    6,640,500
    
    
    
    4,108,000Total current assets
    
    
    13,343,400
    
    
    
    11,962,800Oil and gas properties, net
    
    
    136,100,000
    
    
    
    139,687,000Long-term hedge receivable due from affiliate
    
    
    6,026,600
    
    
    
    3,375,500$
    155,470,000
    
    
    $
    155,025,300LIABILITIES AND PARTNERS CAPITALCurrent liabilities:Accrued liabilities
    
    $
    535,800
    
    
    $
    494,200Short-term hedge liability due to affiliate
    
    
    41,900
    
    
    
    49,100Total current liabilities
    
    
    577,700
    
    
    
    543,300Asset retirement obligation
    
    
    4,604,100
    
    
    
    4,536,000Long-term hedge liability due to affiliate
    
    
    1,253,000
    
    
    
    526,600Partners capital:Managing general partner
    
    
    36,424,500
    
    
    
    37,920,400Investor partners (23,644.10 units)
    
    
    104,302,200
    
    
    
    108,045,100Accumulated other comprehensive income
    
    
    8,308,500
    
    
    
    3,453,900Total partners capital
    
    
    149,035,200
    
    
    
    149,419,400$
    155,470,000
    
    
    $
    155,025,300
   3




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
 
 STATEMENTS OF OPERATIONS
 (Unaudited)
 Three Months EndedMarch 31,2010
    
    
    2009REVENUESNatural gas and oil
    
    $
    6,060,400
    
    
    $
    11,918,000Interest income
    
    
    400
    
    
    
    4,700Total revenues
    
    
    6,060,800
    
    
    
    11,922,700COSTS AND EXPENSESProduction
    
    
    2,021,900
    
    
    
    3,720,200Depletion
    
    
    3,845,900
    
    
    
    4,611,300Accretion of asset retirement obligation
    
    
    68,100
    
    
    
    49,500General and administrative
    
    
    139,000
    
    
    
    111,300Total expenses
    
    
    6,074,900
    
    
    
    8,492,300Net (loss) earnings
    
    $
    (14,100
    )
    
    $
    3,430,400Allocation of net (loss) earnings:Managing general partner
    
    $
    569,300
    
    
    $
    1,946,200Limited partners
    
    $
    (583,400
    )
    
    $
    1,484,200Net (loss) earnings per limited partnership unit
    
    $
    (25
    )
    
    $
    63
   4




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
 
 STATEMENT OF CHANGES IN PARTNERS CAPITAL
 FOR THE THREE MONTHS ENDED
 March 31, 2010
 (Unaudited)
 AccumulatedManaging
    
    
    
    
    
    
    OtherGeneral
    
    
    Limited
    
    
    ComprehensivePartner
    
    
    Partners
    
    
    Income
    
    
    TotalBalance at January 1, 2010
    
    $
    37,920,400
    
    
    $
    108,045,100
    
    
    $
    3,453,900
    
    
    $
    149,419,400Participation in revenues and expenses:Net production revenues
    
    
    1,420,300
    
    
    
    2,618,200
    
    
    
    
    
    
    
    4,038,500Interest income
    
    
    100
    
    
    
    300
    
    
    
    
    
    
    
    400Depletion
    
    
    (778,300
    )
    
    
    (3,067,600
    )
    
    
    
    
    
    
    (3,845,900
    )General and administrative expenses
    
    
    (48,900
    )
    
    
    (90,100
    )
    
    
    
    
    
    
    (139,000
    )Accretion of asset retirement obligations
    
    
    (23,900
    )
    
    
    (44,200
    )
    
    
    
    
    
    
    (68,100
    )Net (loss) earnings
    
    
    569,300
    
    
    
    (583,400
    )
    
    
    
    
    
    
    (14,100
    )Other comprehensive income
    
    
    
    
    
    
    
    
    
    
    4,854,600
    
    
    
    4,854,600Subordination
    
    
    (395,500
    )
    
    
    395,500
    
    
    
    
    
    
    
    Asset contributions
    
    
    258,900
    
    
    
    
    
    
    
    
    
    
    
    258,900Distribution to partners
    
    
    (1,928,600
    )
    
    
    (3,555,000
    )
    
    
    
    
    
    
    (5,483,600
    )Balance at March 31, 2010
    
    $
    36,424,500
    
    
    $
    104,302,200
    
    
    $
    8,308,500
    
    
    $
    149,035,200
   5




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
 
 STATEMENTS OF CASH FLOWS
 (Unaudited)
 Three Months EndedMarch 31,2010
    
    
    2009Cash flows from operating activities:Net (loss) earnings
    
    $
    (14,100
    )
    
    $
    3,430,400Adjustments to reconcile net (loss) earnings to net
cash provided by operating activities:Depletion
    
    
    3,845,900
    
    
    
    4,611,300Non-cash loss on derivative value
    
    
    390,200
    
    
    
    1,320,500Accretion of asset retirement obligation
    
    
    68,100
    
    
    
    49,500Decrease in accounts receivable-affiliate
    
    
    855,600
    
    
    
    92,900Increase in accrued liabilities and affiliate payable
    
    
    41,600
    
    
    
    4,100Net cash provided by operating activities
    
    
    5,187,300
    
    
    
    9,508,700Cash flows from investing activities:Costs related to extension of wells
    
    
    
    
    
    
    (2,767,500
    )Net cash used in investing activities
    
    
    
    
    
    
    (2,767,500
    )Cash flows from financing activities:Costs related to extension of wells
    
    
    
    
    
    
    2,767,500Distributions to partners
    
    
    (5,483,600
    )
    
    
    (13,868,800
    )Net cash used in financing activities
    
    
    (5,483,600
    )
    
    
    (11,101,300
    )Net decrease in cash and cash equivalents
    
    
    (296,300
    )
    
    
    (4,360,100
    )Cash and cash equivalents at beginning of period
    
    
    1,845,500
    
    
    
    8,061,300Cash and cash equivalents at end of period
    
    $
    1,549,200
    
    
    $
    3,701,200Supplemental Schedule of non-cash investing and financing
activities:Assets contributed by managing general partner:Tangible equipment
    
    $
    169,600
    
    
    $
    127,500Intangible drilling costs
    
    
    89,300
    
    
    
    5,206,000$
    258,900
    
    
    $
    5,333,500
   6




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
 
 NOTES TO FINANCIAL STATEMENTS
 March 31, 2010
 (Unaudited)
 NOTE 1  DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION
    NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  Use of Estimates
    7




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
March 31, 2010
(Unaudited)
 NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Accounts Receivable and Allowance for Possible Losses
  Revenue Recognition
   Impairment of Long-Lived Assets
    8




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
March 31, 2010
(Unaudited)
 NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Impairment of Long-Lived Assets (Continued)
  Working Interest
  Oil and Gas Properties
  March 31,
    
    
    December 31,2010
    
    
    2009Natural gas and oil properties:Proved properties:Leasehold interests
    
    $
    5,366,700
    
    
    $
    5,366,700Wells and related equipment
    
    
    302,180,700
    
    
    
    301,921,800307,547,400
    
    
    
    307,288,500Accumulated depletion
    
    
    (171,447,400
    )
    
    
    (167,601,500
    )$
    136,100,000
    
    
    $
    139,687,000
  9




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
March 31, 2010
(Unaudited)
 NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Oil and Gas Properties (Continued)
   Recently Adopted Accounting Standards
  NOTE 3  TRANSACTIONS WITH ATLAS RESOURCES, LLC AND ITS AFFILIATES
  
    
    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 months ended March 31, 2010 and 2009 were
$96,300 and $85,000, 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 2009
for operating and maintaining the wells. Well supervision fees incurred for the three
months ended March 31, 2010 and 2009 were $484,000 and $427,200, respectively.
  10




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
March 31, 2010
(Unaudited)
 NOTE 3  TRANSACTIONS WITH ATLAS RESOURCES, LLC AND ITS AFFILIATES (Continued)
 
    
    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 months ended March 31, 2010 and 2009 were
$794,700 and $1,614,900, respectively.
 
    
    Assets contributed from the MGP which are disclosed on the Partnerships Statement of
Cash Flows as a non-cash activity for the three months ended March 31, 2010 and 2009
were $258,900 and $5,333,500, respectively.
  Subordination by Managing General Partner
  NOTE 4  COMPREHENSIVE INCOME
  Three Months EndedMarch 31,2010
    
    
    2009Net (loss) earnings
    
    $
    (14,100
    )
    
    $
    3,430,400Other comprehensive income (loss):Unrealized holding gain (loss) on hedging contracts
    
    
    6,154,200
    
    
    
    (575,400
    )Less: reclassification adjustment for gains realized in net earnings
    
    
    (1,299,600
    )
    
    
    (1,249,900
    )Total other comprehensive income (loss)
    
    
    4,854,600
    
    
    
    (1,825,300
    )Comprehensive income
    
    $
    4,840,500
    
    
    $
    1,605,100
  11




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
March 31, 2010
(Unaudited)
 NOTE 5  DERIVATIVE INSTRUMENTS
   Fair Value of Derivative Instruments:
 Asset Derivatives
    
    
    Liability DerivativesDerivatives in
    
    
    
    Fair Value
    
    
    
    
    Fair ValueCash Flow
    
    Balance Sheet
    
    March 31,
    
    
    December 31,
    
    
    Balance Sheet
    
    March 31,
    
    
    December 31,Hedging Relationships
    
    Location
    
    2010
    
    
    2009
    
    
    Location
    
    2010
    
    
    2009Commodity contracts:
    
    Current assets
    
    $
    6,640,500
    
    
    $
    4,108,000
    
    
    Current liabilities
    
    $
    (41,900
    )
    
    $
    (49,100
    )Long-term assets
    
    
    6,026,600
    
    
    
    3,375,500
    
    
    Long-term liabilities
    
    
    (1,253,000
    )
    
    
    (526,600
    )Total derivatives
    
    
    
    $
    12,667,100
    
    
    $
    7,483,500
    
    
    
    
    $
    (1,294,900
    )
    
    $
    (575,700
    )
 Effects of Derivative Instruments on Statements of Operations:
 Gain/(Loss)
    
    
    
    
    GainRecognized in OCI on Derivative
    
    
    
    
    Reclassified from OCI into Income(Effective Portion)
    
    
    Location of Gain
    
    (Effective Portion)Derivatives in
    
    Three Months Ended
    
    
    Reclassified from Accumulated
    
    Three Months EndedCash Flow
    
    March 31,
    
    
    March 31,
    
    
    OCI into Income
    
    March 31,
    
    
    March 31,Hedging Relationship
    
    2010
    
    
    2009
    
    
    (Effective Portion)
    
    2010
    
    
    2009Commodity contracts
    
    $
    6,154,200
    
    
    $
    (575,400
    )
    
    Natural gas and oil revenue
    
    $
    1,299,600
    
    
    $
    1,249,900
  12




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
March 31, 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
    
    
    1,707,300
    
    
    $
    7.35
    
    
    $
    5,225,1002011
    
    
    1,273,600
    
    
    
    6.69
    
    
    
    2,146,4002012
    
    
    917,900
    
    
    
    6.85
    
    
    
    1,368,6002013
    
    
    573,800
    
    
    
    6.82
    
    
    
    507,800$
    9,247,900
 Natural Gas Costless Collars
 Production
    
    
    
    
    
    
    
    AveragePeriod Ending
    
    Option
    
    Volumes
    
    
    Floor & Cap
    
    
    Fair ValueDecember 31,
    
    Type
    
    (MMbtu)(1)
    
    
    (per MMbtu)(1)
    
    
    Asset(2)2010
    
    Puts purchased
    
    
    119,800
    
    
    $
    7.84
    
    
    $
    495,7002010
    
    Calls sold
    
    
    119,800
    
    
    
    9.01
    
    
    
    2011
    
    Puts purchased
    
    
    641,600
    
    
    
    6.20
    
    
    
    981,5002011
    
    Calls sold
    
    
    641,600
    
    
    
    7.28
    
    
    
    2012
    
    Puts purchased
    
    
    402,800
    
    
    
    6.22
    
    
    
    344,8002012
    
    Calls sold
    
    
    402,800
    
    
    
    7.31
    
    
    
    2013
    
    Puts purchased
    
    
    487,400
    
    
    
    6.23
    
    
    
    250,7002013
    
    Calls sold
    
    
    487,400
    
    
    
    7.39
    
    
    
    $
    2,072,700
  13




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
March 31, 2010
(Unaudited)
 NOTE 5  DERIVATIVE INSTRUMENTS (Continued)
 Crude Oil Fixed Price Swaps
 Production
    
    
    
    
    
    AveragePeriod Ending
    
    Volumes
    
    
    Fixed Price
    
    
    Fair ValueDecember 31,
    
    (Bbl)(1)
    
    
    (per Bbl)(1)
    
    
    Asset(3)2010
    
    
    2,600
    
    
    $
    97.22
    
    
    $
    32,3002011
    
    
    2,600
    
    
    
    77.46
    
    
    
    5,8002012
    
    
    2,000
    
    
    
    76.86
    
    
    
    2,1002013
    
    
    600
    
    
    
    77.36
    
    
    
    600$
    40,800
 Crude Oil Costless Collars
 Production
    
    
    
    
    
    
    
    AveragePeriod Ending
    
    Option
    
    Volumes
    
    
    Floor & Cap
    
    
    Fair ValueDecember 31,
    
    Type
    
    (Bbl)(1)
    
    
    (per Bbl)(1)
    
    
    Asset(3)2010
    
    Puts purchased
    
    
    1,600
    
    
    $
    85.00
    
    
    $
    7,8002010
    
    Calls sold
    
    
    1,600
    
    
    
    112.55
    
    
    
    2011
    
    Puts purchased
    
    
    1,700
    
    
    
    67.22
    
    
    
    1,7002011
    
    Calls sold
    
    
    1,700
    
    
    
    89.44
    
    
    
    2012
    
    Puts purchased
    
    
    1,300
    
    
    
    65.51
    
    
    
    1,0002012
    
    Calls sold
    
    
    1,300
    
    
    
    91.45
    
    
    
    2013
    
    Puts purchased
    
    
    300
    
    
    
    65.36
    
    
    
    3002013
    
    Calls sold
    
    
    300
    
    
    
    93.44
    
    
    
    $
    10,800Total Net Asset
    
    
    $
    11,372,200
 
 (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-
  14




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
March 31, 2010
(Unaudited)
 NOTE 6  FAIR VALUE OF FINANCIAL INSTRUMENTS (Continued)
 Assets and Liabilities Measured at Fair Value on a Recurring Basis
  March 31, 2010
    
    
    December 31, 2009Level 2
    
    
    Total
    
    
    Level 2
    
    
    TotalCommodity-based derivatives
    
    $
    11,372,200
    
    
    $
    11,372,200
    
    
    $
    6,907,800
    
    
    $
    6,907,800Total
    
    $
    11,372,200
    
    
    $
    11,372,200
    
    
    $
    6,907,800
    
    
    $
    6,907,800
 Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
   NOTE 7  ASSET RETIREMENT OBLIGATION
    15




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ATLAS RESOURCES PUBLIC 17-2008 (B) L.P.
NOTES TO FINANCIAL STATEMENTS (Continued)
March 31, 2010
(Unaudited)
 NOTE 7  ASSET RETIREMENT OBLIGATION (Continued)
  Three Months EndedMarch 31,2010
    
    
    2009Asset retirement obligation at beginning of period
    
    $
    4,536,000
    
    
    $
    3,298,000Accretion expense
    
    
    68,100
    
    
    
    49,500Asset retirement obligation at end of period
    
    $
    4,604,100
    
    
    $
    3,347,500
 
 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. These risks and uncertainties
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.
  General
     16




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Results of Operations
  Three Months EndedMarch 31,2010
    
    
    2009Production revenues (in thousands):Gas
    
    $
    5,798
    
    
    $
    11,612Oil
    
    
    251
    
    
    
    306Liquid
    
    
    11
    
    
    
    Total
    
    $
    6,060
    
    
    $
    11,918Production volumes:Gas (mcf/day) (1)
    
    
    10,963
    
    
    
    16,477Oil (bbls/day) (1)
    
    
    43
    
    
    
    76Liquid (bbl/day) (1)
    
    
    3
    
    
    
    Total (mcfe/day) (1)
    
    
    11,239
    
    
    
    16,933Average sales prices: (2)Gas (per mcf) (1) (3)
    
    $
    6.25
    
    
    $
    8.69Oil (per bbl) (1) (4)
    
    $
    70.22
    
    
    $
    52.18Liquid (per bbl) (1)
    
    $
    47.80
    
    
    $
    Average production costs:As a percent of revenues
    
    
    33
    %
    
    
    31
    %Per mcfe (1)
    
    $
    2.00
    
    
    $
    2.44Depletion per mcfe
    
    $
    3.81
    
    
    $
    3.03
 
 (1)
    
    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. Liquid gallons are converted into bbls by a ratio of 42 gallons
per bbl.(2)
    
    Average sales prices represent accrual basis pricing after reversing the effect
of previously recognized gains resulting from prior period impairment charges.(3)
    
    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 $367,900 and $1,271,000 for the three
months ended March 31, 2010 and 2009, respectively. The derivative gains are included
in other comprehensive income and resulted from prior period impairment charges.(4)
    
    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 $22,300 and $49,500 for the three months
ended March 31, 2010 and 2009, respectively. The derivative gains are included in other
comprehensive income and resulted from prior period impairment charges. Natural Gas Revenues.
  17




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##### Table of Contents



Oil Revenues.
 Natural Gas Liquids Revenue
 Expenses.
   Liquidity and Capital Resources
       18




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##### Table of Contents



Critical Accounting Policies
  Subordination by Managing General Partner
  
 ITEM 4.
    
    CONTROLS AND PROCEDURES
 Evaluation of Disclosure Controls and Procedures
     19




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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 (B) L.P. (1)10.1
    
    
    Drilling and Operating Agreement for Atlas America Public 17-2007 (B) L.P. (1)31.1
    
    
    Certification Pursuant to Rule 13a-14/15(d)-1431.2
    
    
    Certification Pursuant to Rule 13a-14/15(d)-1432.1
    
    

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
 
 (1)
    
    Filed on June 27, 2007
in the Form S-1 Registration Statement dated June 27, 2007, File
No. 000-53507  20




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SIGNATURES
   Atlas Resources, LLC, Managing General PartnerDate: May 17, 2010
    By:
    /s/ Freddie M. KotekFreddie M. Kotek, Chairman of the Board of Directors,Chief Executive Officer and President  Date: May 17, 2010
    By:
    /s/ Freddie M. KotekFreddie M. Kotek, Chairman of the Board of Directors,Chief Executive Officer and PresidentDate: May 17, 2010
    By:
    /s/ Matthew A. JonesMatthew A. Jones, Chief Financial OfficerDate: May 17, 2010
    By:
    /s/ Sean P. McGrathSean P. McGrath, Chief Accounting Officer  21