|                        | **United                  States Securities and Exchange Commission**         |
|-----------------------------|-------------------------------------------------------------------------------|
|                        |                                                                          |
|                        | **Washington,                  D.C. 20549**                                   |
|                        |                                                                          |
|                        | **Form                  10 QSB**                                              |
|                        |                                                                          |
| (Mark                  One) |                                                                          |
|                        |                                                                          |
| **R**                       | **QUARTERLY                  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE** |
|                        | **SECURITIES                  EXCHANGE ACT OF 1934**                          |
|                        |                                                                          |
|                        | For                  the quarterly period ended September 30, 2006            |
|                        |                                                                          |
| 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 0-52168                               |
|                        |                                                                          |
|                        |                                                                          |
|                        | **ATLAS                  AMERICA PUBLIC #15-2006 (B) L.P.**                   |
|                        | (Name                  of small business issuer in its charter)               |
|                        |                                                                          |

|                                                                                                                                                                                    |                                                                  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------|
|                                                                                                                                                                                    |                                                                  |
| **Delaware**                                                                                                                                                                            | **20-3208390**                                                        |
| (State                  or other jurisdiction ofincorporation                  or organization)                                                                                         | (I.R.S.                  EmployerIdentification                  No.) |
|                                                                                                                                                                                    |                                                                  |
| 311                  Rouser Road                                                                                                                                                        | 15108                                                                 |
| Moon                  Township, PA                                                                                                                                                      | (zip                  code)                                           |
| (Address                  of principal executive offices)                                                                                                                               |                                                                  |
|                                                                                                                                                                                    |                                                                  |
| 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** ****R**                  No                  o |
|                                                                                                                                                                                    |
| Indicate                  by check mark whether the registrant is a shell company (as defined                  in                  Rule 12b-2 of the Exchange                           |
| Act).Yes                  o                  No                  **R**                                                                                                                  |
|                                                                                                                                                                                    |
| Transitional                  Small Business Disclosure Format (check one): Yes o                  No                  **R**                                                            |

----

**ATLAS        AMERICA PUBLIC #15-2006 (B) L.P.**

**INDEX        TO QUARTERLY REPORT**

**ON        FORM 10-QSB**

| **PART                  I.**  |   | **FINANCIAL                  INFORMATION**                                                                                   | **PAGE** |
|-------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------|----------|
|                          |   |                                                                                                                         |     |
| Item                  1:      |   | Financial                  Statements                                                                                        |     |
|                          |   |                                                                                                                         |     |
|                          |   | Balance                  Sheet as of September 30, 2006 (Unaudited)                                                          | 3        |
|                          |   |                                                                                                                         |     |
|                          |   | Statements                  of Operations for the Three and Nine months ended September 30,                  2006            |     |
|                          |   | (Unaudited)                                                                                                                  | 4        |
|                          |   |                                                                                                                         |     |
|                          |   | Statement                  of Partners’ Capital Accounts for the Nine months ended September 30,                  2006 |     |
|                          |   | (Unaudited)                                                                                                                  | 5        |
|                          |   |                                                                                                                         |     |
|                          |   | Statement                  of Cash Flows for the Nine months ended September 30, 2006                                        |     |
|                          |   | (Unaudited)                                                                                                                  | 6        |
|                          |   |                                                                                                                         |     |
|                          |   | Notes                  to Financial Statements (Unaudited)                                                                   | 7-14     |
|                          |   |                                                                                                                         |     |
| Item                  2:      |   | Management’s                  Discussion and Analysis of Financial Condition or Plan of                  Operations    | 14-16    |
|                          |   |                                                                                                                         |     |
| Item                  3:      |   | Controls                  and Procedures                                                                                     | 16       |
|                          |   |                                                                                                                         |     |
| **PART                  II.** |   | **OTHER                  INFORMATION**                                                                                       |     |
|                          |   |                                                                                                                         |     |
| Item                  6:      |   | Exhibits                                                                                                                     | 16       |
|                          |   |                                                                                                                         |     |
|                          |   |                                                                                                                         |     |
| **SIGNATURES**                | 17     |
|                          |   |                                                                                                                         |     |
| **CERTIFICATIONS**            | 18-21  |

----

**PART        I**

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

**ATLAS        AMERICA PUBLIC #15-2006(B) L.P.**

**BALANCE        SHEET**

**(Unaudited)**

|                                                         |   | **September                  30,** |        |
|--------------------------------------------------------------|--------|------------------------------------|-------------|
|                                                         |   | **2006**                           |        |
| **ASSETS**                                                   |   |                               |        |   |
| Current                  Assets:                             |   |                               |        |   |
| Accounts                  receivable-affiliate               |   | $                                  | 83,048,400  |   |
| Hedge                  receivable short-term affiliate       |   |                               | 232,000     |   |
| Total                  current assets                        |   |                               | 83,280,400  |   |
|                                                         |   |                               |        |   |
| Oil                  and gas properties, net            |   |                               | 81,781,700  |   |
|                                                         |   |                               |        |   |
| Hedge                  receivable-long term affiliate   |   |                               | 248,200     |   |
|                                                         |   | $                                  | 165,310,300 |   |
|                                                         |   |                               |        |   |
| **LIABILITIES                  AND PARTNERS’ CAPITAL** |   |                               |        |   |
| Current                  liabilities:                        |   |                               |        |   |
| Accrued                  liabilities                    |   |                               | 7,200       |   |
| Total                  current liabilities                   |   |                               | 7,200       |   |
|                                                         |   |                               |        |   |
| Asset                  retirement obligation            |   |                               | 1,720,500   |   |
| Hedge                  liability long-term affiliate    |   |                               | 23,800      |   |
|                                                         |   |                               |        |   |
| Partners’                  capital:                    |   |                               |        |   |
| Managing                  general partner                    |   |                               | 15,439,100  |   |
| Investor                  partners (14,772.60 units)         |   |                               | 147,663,300 |   |
| Accumulated                  comprehensive income            |   |                               | 456,400     |   |
|                                                         |   |                               | 163,558,800 |   |
|                                                         |   | $                                  | 165,310,300 |   |

----

**ATLAS        AMERICA PUBLIC #15-2006 (B) L.P.**

**STATEMENT        OF OPERATIONS**

**For**
**the        period May 9, 2006 (date of formation) through September 30,        2006**

**(Unaudited)**

|                                                        |   | **Three                  Months**       |      | **Nine                  Months**        |   |
|-------------------------------------------------------------|--------|-----------------------------------------|-----------|-----------------------------------------|--------|
|                                                        |   | **Ended**                               |      | **Ended**                               |   |
|                                                        |   | **September                  30, 2006** |      | **September                  30, 2006** |   |
|                                                        |   |                                    |      |                                    |   |   |   |
| **REVENUES:**                                               |   |                                    |      |                                    |   |   |   |
| Natural                  gas and oil sales                  |   | $                                       | 1,478,800 |                                    | $      | 1,510,100 |   |
| Total                  revenues                             |   |                                    | 1,478,800 |                                    |   | 1,510,100 |   |
|                                                        |   |                                    |      |                                    |   |   |   |
| **COSTS                  AND EXPENSES:**                    |   |                                    |      |                                    |   |   |   |
| Production                  expenses                   |   |                                    | 214,600   |                                    |   | 217,300 |   |
| Depletion                                              |   |                                    | 704,200   |                                    |   | 717,700 |   |
| Accretion                  of asset retirement obligation   |   |                                    | 73,200    |                                    |   | 74,100 |   |
| General                  and administrative expenses   |   |                                    | 24,600    |                                    |   | 25,400 |   |
| Total                  expenses                             |   |                                    | 1,016,600 |                                    |   | 1,034,500 |   |
|                                                        |   |                                    |      |                                    |   |   |   |
| **Net                  earnings**                      |   | $                                       | 462,200   |                                    | $      | 475,600 |   |
|                                                        |   |                                    |      |                                    |   |   |   |
| **Allocation                  of net earnings:**            |   |                                    |      |                                    |   |   |   |
| Managing                  general partner                   |   | $                                       | 317,800   |                                    | $      | 325,400 |   |
| Investor                  partners                          |   | $                                       | 144,400   |                                    | $      | 150,200 |   |
| Net                  earnings per investor partnership unit |   | $                                       | 9         |                                    | $      | 10 |   |

----

**ATLAS        AMERICA PUBLIC #15-2006 (B) L.P.**

**STATEMENT        OF PARTNERS’ CAPITAL ACCOUNTS **

**FOR        THE NINE MONTHS ENDED September 30, 2006**

**For**
**the        period May 9, 2006 (date of formation) through September 30,        2006**

**(Unaudited)**

|                                                            |   | **Managing** |        |         |   | **Accumulated**   |   |      |    |
|-----------------------------------------------------------------|--------|--------------|-------------|--------------|--------|-------------------|--------|-----------|---------|
|                                                            |   | **General**  |        | **Investor** |   | **Comprehensive** |   |      |    |
|                                                            |   | **Partner**  |        | **Partners** |   | **Income**        |   | **Total** |    |
|                                                            |   |         |        |         |   |              |   |      |    |   |   |   |   |
| **Balance                  at January 1, 2006**                 |   | $            | ―     |         | $      | ―           |   | $         | ― |   | $ | ― |   |
|                                                            |   |         |        |         |   |              |   |      |    |   |   |   |   |
| Partners                  capital contributions:                |   |         |        |         |   |              |   |      |    |   |   |   |   |
| Cash                                                            |   |         | ―     |         |   | 147,513,100       |   |      | ― |   |   | 147,513,100 |   |
| Syndication                  and offering costs                 |   |         | 17,701,600  |         |   | ―           |   |      | ― |   |   | 17,701,600 |   |
| Tangible                  equipment/leasehold costs             |   |         | 15,113,700  |         |   | ―           |   |      | ― |   |   | 15,113,700 |   |
| Total                  contributions                            |   |         | 32,815,300  |         |   | 147,513,100       |   |      | ― |   |   | 180,328,400 |   |
|                                                            |   |         |        |         |   |              |   |      |    |   |   |   |   |
| Syndication                  and offering costs, immediately    |   |         |        |         |   |              |   |      |    |   |   |   |   |
| charged                  to capital                        |   |         | (17,701,600 | )            |   | ―           |   |      | ― |   |   | (17,701,600 | ) |
|                                                            |   |         | 15,113,700  |         |   | 147,513,100       |   |      | ― |   |   | 162,626,800 |   |
|                                                            |   |         |        |         |   |              |   |      |    |   |   |   |   |
| Participation                  in revenues and expenses:        |   |         |        |         |   |              |   |      |    |   |   |   |   |
| Net                  production revenues                        |   |         | 442,400     |         |   | 850,400           |   |      | ― |   |   | 1,292,800 |   |
| Depletion                                                       |   |         | (82,900     | )            |   | (634,800          | )      |      | ― |   |   | (717,700 | ) |
| General                  and administrative                |   |         | (8,700      | )            |   | (16,700           | )      |      | ― |   |   | (25,400 | ) |
| Accretion                  of asset retirement obligation  |   |         | (25,400     | )            |   | (48,700           | )      |      | ― |   |   | (74,100 | ) |
| Net                  earnings                              |   |         | 325,400     |         |   | 150,200           |   |      | ― |   |   | 475,600 |   |
|                                                            |   |         |        |         |   |              |   |      |    |   |   |   |   |
| Comprehensive                  income                      |   |         | ―     |         |   | ―           |   |      | 456,400 |   |   | 456,400 |   |
|                                                            |   |         |        |         |   |              |   |      |    |   |   |   |   |
| **Balance                  at September 30, 2006**              |   | $            | 15,439,100  |         | $      | 147,663,300       |   | $         | 456,400 |   | $ | 163,558,800 |   |

----

**ATLAS        AMERICA PUBLIC #15-2006(B) L.P.**

**STATEMENT        OF CASH FLOWS **

**For**
**the        period May 9, 2006 (date of formation) through September 30,        2006**

**(Unaudited)**

|                                                                                                                  |   | **Nine                  Months**        |         |
|-----------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|--------------|
|                                                                                                                  |   | **Ended**                               |         |
|                                                                                                                  |   | **September                  30, 2006** |         |
| **Cash                  flows from operating activities:**                                                            |   |                                    |         |   |
| Net                  earnings                                                                                         |   | $                                       | 475,600      |   |
| Adjustments                  to reconcile net earnings to net cash provided by operating                  activities: |   |                                    |         |   |
| Depletion                                                                                                             |   |                                    | 717,700      |   |
| Accretion                  of asset retirement obligation                                                             |   |                                    | 74,100       |   |
| Increase                  in accounts receivable-affiliate                                                            |   |                                    | (1,274,600   | ) |
|                          Increase in accrued liabilities                           |   |                                    | 7,200        |   |
| Net                  cash provided by operating activities                                                            |   |                                    | ―      |   |
|                                                                                                                  |   |                                    |         |   |
| **Cash                  flows from investing activities:**                                                            |   |                                    |         |   |
| Oil                  and gas well drilling contracts paid to managing general                  partner                |   |                                    | (147,513,100 | ) |
| Net                  cash used in investing activities                                                                |   |                                    | (147,513,100 | ) |
|                                                                                                                  |   |                                    |         |   |
| **Cash                  flows from financing activities:**                                                            |   |                                    |         |   |
| Partners                  capital contributions                                                                       |   |                                    | 147,513,100  |   |
| Net                  cash provided by financing activities                                                            |   |                                    | 147,513,100  |   |
|                                                                                                                  |   |                                    |         |   |
| Net                  increase in cash and cash equivalents                                                            |   |                                    | ―      |   |
| Cash                  and cash equivalents at beginning of period                                                     |   |                                    | ―      |   |
| Cash                  and cash equivalents at end of period                                                           |   | $                                       | ―      |   |
|                                                                                                                  |   |                                    |         |   |
| **Supplemental                  schedule of non-cash investing and financing                  activities:**           |   |                                    |         |   |
|                                                                                                                  |   |                                    |         |   |
| Assets                  contributed by the managing general partner:                                                  |   |                                    |         |   |
| Leasehold                  costs included in oil and gas properties                                                   |   | $                                       | 2,404,300    |   |
| Tangible                  costs included in oil and gas properties                                                    |   |                                    | 12,709,400   |   |
| Syndication                  and offering costs                                                                       |   |                                    | 17,701,600   |   |
|                                                                                                                  |   | $                                       | 32,815,300   |   |
|                                                                                                                  |   |                                    |         |   |
| Asset                  retirement obligation                                                                          |   | $                                       | 1,646,400    |   |

----

**ATLAS        AMERICA PUBLIC #15-2006(B) L.P.**

**NOTES        TO FINANCIAL STATEMENTS**

**September        30, 2006**

**(Unaudited)**

**NOTE          1 **
**-**
**          NATURE OF OPERATIONS**

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

**Basis          of Accounting**

**Use          of Estimates**

----

**ATLAS          AMERICA PUBLIC #15-2006(B) L.P.**

**NOTES          TO FINANCIAL STATEMENTS**

**September          30, 2006**

**(Unaudited)**

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

**Environmental          Matters**

**Fair          Value of Financial Instruments**

**Supplemental          Cash Flow Information**

**Recently          Issued Financial Accounting Standards**

*Considering          the Effects of Prior Year Misstatements when Quantifying Misstatements          in          Current Year Financial Statements*

*Fair          Value*
*Measurement*

**Receivables**

----

**ATLAS          AMERICA PUBLIC #15-2006(B) L.P.**

**NOTES          TO FINANCIAL STATEMENTS**

**September          30, 2006**

**(Unaudited)**

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

**Revenue          Recognition**

**Asset          Retirement Obligation**

*Accounting          for Asset Retirement Obligations*

|                                                                        |   | **Three                    Months** |      | **Nine                    Months** |   |
|-----------------------------------------------------------------------------|--------|-------------------------------------|-----------|------------------------------------|--------|
|                                                                        |   |                                |      |                               |   |   |   |
| Asset                    retirement obligation at beginning of period       |   | $                                   | 32,500    |                               | $      | ― |   |
| Liabilities                    incurred from drilling wells                 |   |                                | 1,614,800 |                               |   | 1,646,400 |   |
| Accretion                    expense                                        |   |                                | 73,200    |                               |   | 74,100 |   |
| Total                    asset retirement obligation at end of period  |   | $                                   | 1,720,500 |                               | $      | 1,720,500 |   |

----

**ATLAS          AMERICA PUBLIC #15-2006(B) L.P.**

**NOTES          TO FINANCIAL STATEMENTS**

**September          30, 2006**

**(Unaudited)**

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

**Concentration          of Credit Risk**

**Comprehensive          Income**

**   **

**Property          and Equipment**

| Oil                    and gas properties consist of the following at the dates                    indicated: |   | **September                    30,** |       |
|---------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|------------|
|                                                                                                          |   | **2006**                             |       |
| Capitalized                    costs of properties:                                                           |   |                                 |       |   |
| Proved                    properties                                                                          |   | $                                    | 2,404,300  |   |
| Wells                    and related equipment                                                                |   |                                 | 80,095,100 |   |
|                                                                                                          |   |                                 | 82,499,400 |   |
| Accumulated                    depletion                                                                      |   |                                 | (717,700   | ) |
|                                                                                                          |   | $                                    | 81,781,700 |   |

**Oil          and Gas Properties**

----

**ATLAS          AMERICA PUBLIC #15-2006(B) L.P.**

**NOTES          TO FINANCIAL STATEMENTS**

**September          30, 2006**

**(Unaudited)**

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

**Oil          and Gas Properties (Continued)**

**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 and nine months                  ended                  September 30, 2006 were $15,900 and $16,300,                  respectively. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | Monthly                  well supervision fees which are included in production expenses                  in the                  Partnership’s Statements of Operations are payable at $285 per well per                  month for operating and maintaining the wells. Well supervision                  fees                  incurred for the three and nine months ended September 30, 2006                  were                  $60,200 and $61,800, respectively. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | Transportation                  fees which are included in production expenses in the Partnership’s                  Statements of Operations are payable at rates ranging from $.29-$.35                  per                  mcf (one thousand cubic feet) to 10% of the natural gas sales price.                  Transportation costs incurred for the three and nine months ended                  September 30, 2006 were $138,500 and $139,600,                  respectively. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | As                  of September 30, 2006, the Partnership has funded $147,513,100                  to our MGP                  for well drilling contracts of which $65,739,300 has been spent                  to date on                  well drilling costs and the remaining balance of $81,773,800 is                  shown as                  part of Accounts receivable-affiliate, due from our MGP, on the                  Partnership’s balance sheet. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | Tangible                  and lease costs contributed by the Managing General Partner, which                  are                  included within the supplemental schedule of non-cash activities                  on the                  Statement of Cash Flows for the nine months ended September 30,                  2006, were                  $15,113,700. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**ATLAS          AMERICA PUBLIC #15-2006(B) L.P.**

**NOTES          TO FINANCIAL STATEMENTS **

**September          30, 2006**

**(Unaudited)**

**NOTE          3 **
**-**
**          TRANSACTIONS WITH ATLAS RESOURCES, LLC AND ITS AFFILIATES          (CONTINUED)**

**Comprehensive          Income**

|                                                                                                     |   | **Three                    Months Ended** |    | **Nine                    Months Ended** |   |
|----------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|---------|------------------------------------------|--------|
|                                                                                                     |   | **September                    30,**      |    | **September                    30,**     |   |
|                                                                                                     |   | **2006**                                  |    | **2006**                                 |   |
|                                                                                                     |   |                                      |    |                                     |   |   |   |
| Net                    earnings                                                                          |   | $                                         | 462,200 |                                     | $      | 475,600 |   |
| Other                    comprehensive income:                                                           |   |                                      |    |                                     |   |   |   |
| Unrealized                    holding gains on hedging contracts                                         |   |                                      | 477,700 |                                     |   | 477,700 |   |
| Less:                    reclassification adjustment for gains realized in net                    income |   |                                      | (21,300 | )                                        |   | (21,300 | ) |
| Total                    other comprehensive income                                                      |   |                                      | 456,400 |                                     |   | 456,400 |   |
| Comprehensive                    income                                                                  |   | $                                         | 918,600 |                                     | $      | 932,000 |   |

**Subordination          of Managing General Partner’s Revenue Share**

**NOTE          4 - DERIVATIVE INSTRUMENTS**

----

**ATLAS          AMERICA PUBLIC #15-2006(B) L.P.**

**NOTES          TO FINANCIAL STATEMENTS **

**September          30, 2006**

**(Unaudited)**

**NOTE          4 - DERIVATIVE INSTRUMENTS (CONTINUED)**

| **Natural                    Gas Fixed - Price Swaps** |   |                               |    |                               |   |
|--------------------------------------------------------|--------|------------------------------------|---------|------------------------------------|--------|
|                                                   |   |                               |    |                               |   |   |   |
| **Twelve                    Month**                    |   |                               |    | **Average**                        |   | **Fair                    Value** |   |
| **Production                    Period**               |   | **Volumes**                        |    | **Fixed                    Price** |   | **Asset                    (2)** |   |
| **Ended                    September 30,**             |   | **(MMBTU)                    (1)** |    | **(per                    MMBTU)** |   | **(in                    thousands)** |   |
|                                                   |   |                               |    |                               |   |   |   |   |   |   |
| 2007                                                   |   |                               | 116,600 |                               | $      | 9.26 |   | $ | 232 |   |
| 2008                                                   |   |                               | 168,800 |                               |   | 8.75 |   |   | 115 |   |
| 2009                                                   |   |                               | 126,300 |                               |   | 8.65 |   |   | 90 |   |
| 2010                                                   |   |                               | 28,000  |                               |   | 8.61 |   |   | 19 |   |
|                                                   |   |                               |    |                               |   |   |   |   |   |   |
| Total                    asset                         | $      | 456                                |    |

| (1)   | MMBTU                  represents million British Thermal Units. |
|-----------------|------------------------------------------------------------------|
| (2)   | Fair                  value based on forward NYMEX natural gas prices, as                  applicable. |
|-----------------|--------------------------------------------------------------------------------------------------------|

|                                      |   | **September                    30, 2006** |   |
|-------------------------------------------|--------|-------------------------------------------|--------|
|                                      |   | **Book                    Value**         |   | **Fair                    Value** |   |
| Assets                                    |   |                                      |   |   |   |   |   |
| Derivative                    instruments |   | $                                         | 480    |   | $ | 480 |   |
|                                      |   | $                                         | 480    |   | $ | 480 |   |
| Liabilities                               |   |                                      |   |   |   |   |   |
| Derivative                    instruments |   | $                                         | (24    | ) | $ | (24 | ) |
|                                      |   | $                                         | 456    |   | $ | 456 |   |

----

**ATLAS          AMERICA PUBLIC #15-2006(B) L.P.**

**NOTES          TO FINANCIAL STATEMENTS **

**September          30, 2006**

**(Unaudited)**

**NOTE          5 - SUBSEQUENT EVENT**

| **ITEM                    2.** | **MANAGEMENT’S                    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATIONS                    (UNAUDITED)** |
|--------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

**Forward-Looking          Statements**

**General**

----

**Results          of Operations**

|                                                   |   | **Three                    Months**  |    | **Nine                    Months**   |   |
|--------------------------------------------------------|--------|--------------------------------------|---------|--------------------------------------|--------|
|                                                   |   | **Ended**                            |    | **Ended**                            |   |
|                                                   |   | **September                    30,** |    | **September                    30,** |   |
|                                                   |   | **2006**                             |    | **2006**                             |   |
| Production                    revenues (in thousands): |   |                                 |    |                                 |   |   |   |
| Gas                                                    |   | $                                    | 1,479   |                                 | $      | 1,510 |   |
| Oil                                                    |   | $                                    | ― |                                 | $      | ― |   |
| Total                                                  |   | $                                    | 1,479   |                                 | $      | 1,510 |   |
|                                                   |   |                                 |    |                                 |   |   |   |
| Production                    volumes:                 |   |                                 |    |                                 |   |   |   |
| Gas                    (mcf/day) (2)                   |   |                                 | 2,285   |                                 |   | 1,487 |   |
| Oil                    (bbls/day) (2)                  |   |                                 | ― |                                 |   | ― |   |
| Total                    (mcfe/day) (2)                |   |                                 | 2,285   |                                 |   | 1,487 |   |
|                                                   |   |                                 |    |                                 |   |   |   |
| Average                    sales prices:               |   |                                 |    |                                 |   |   |   |
| Gas                    (per mcf) (1) (2)               |   | $                                    | 7.03    |                                 | $      | 7.05 |   |
| Oil                    (per bbl) (2)                   |   | $                                    | ― |                                 | $      | ― |   |
|                                                   |   |                                 |    |                                 |   |   |   |
| Average                    production costs:           |   |                                 |    |                                 |   |   |   |
| As                    a percent of sales               |   |                                 | 15      | %                                    |   | 14 | % |
| Per                    mcfe (2)                        |   | $                                    | 1.02    |                                 | $      | 1.01 |   |
|                                                   |   |                                 |    |                                 |   |   |   |
| Depletion                    per mcfe             |   | $                                    | 3.35    |                                 | $      | 3.35 |   |

| (1)   | The                  average sales price per mcf before the effects of hedging was $6.93                  and                  $6.95 for the three and nine months ended September 30, 2006,                  respectively. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)   | “Mcf”                  means thousand cubic feet, “mcfe” means thousand cubic feet equivalent and                  “bbls” means barrels. Bbls are converted to mcfe using the ratio of six                  mcfs to one bbl. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Liquidity          and Capital Resources. **

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**Critical        Accounting Policies**

**Recently        Issued Financial Accounting Standards**

*Considering        the Effects of Prior Year Misstatements when Quantifying Misstatements in        Current Year Financial Statements*

*Fair        Value*
*Measurement*

**ITEM        3. CONTROLS AND PROCEDURES **

**Evaluation        of Disclosure Controls and Procedures**

**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 2002 |
| 32.2                             |   | Certification                  Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section                  906 of                  the Sarbanes-Oxley Act of 2002 |

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**SIGNATURES**

| Pursuant                  to the requirements of the Securities of the 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 #15-2006 (B) L.P.                                                                                                            |   |   |
|                                                                                                                                                               |   |   |
|                                                                                                                                                               |   | Atlas                  Resources, LLC, Managing General Partner |
|                                                                                                                                                               |   |   |
| Date:                  November 14, 2006                                                                                                                           |   | By:/s/                  Freddie M. Kotek |
|                                                                                                                                                               |   | Freddie                  M. Kotek, Chairman of the Board of Directors, Chief |
|                                                                                                                                                               |   | Executive                  Officer and President |
|                                                                                                                                                               |   |   |
|                                                                                                                                                               |   |   |
| 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.                                                                                      |
|                                                                                                                                                               |   |   |
|                                                                                                                                                               |   |   |
| Date:                  November 14, 2006                                                                                                                           |   | By:/s/                  Freddie M. Kotek |
|                                                                                                                                                               |   | Freddie                  M. Kotek, Chairman of the Board of Directors, Chief |
|                                                                                                                                                               |   | Executive                  Officer and President |
|                                                                                                                                                               |   |   |
|                                                                                                                                                               |   |   |
|                                                                                                                                                               |   |   |
|                                                                                                                                                               |   |   |
| Date:                  November 14, 2006                                                                                                                           |   | By:/s/                  Nancy J. McGurk |
|                                                                                                                                                               |   | Nancy                  J. McGurk, Vice President, Chief Financial Officer and |
|                                                                                                                                                               |   | Chief                  Accounting Officer |
|                                                                                                                                                               |   |   |
|                                                                                                                                                               |   |   |

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