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| ATP Oil & Gas Corporation 4600 Post Oak Place, Suite 200 Houston, Texas 77027 713-622-3311 |
ATP Oil & Gas Corporation (NASDAQ: ATPG) is engaged in the acquisition, development and production of natural gas and oil properties in the Gulf of Mexico and the North Sea. ATP acquires and develops properties, many of which have proved undeveloped reserves (“PUD’s”) at the time of acquisition that are economically attractive to ATP, but not strategic to exploration-oriented oil and gas companies. Such strategy provides ATP with the assets to develop and produce without the risk, cost and time involved in traditional exploration. Since its inception in 1991, the company has had an exceptionally strong development success record of 98% of taking projects to production that were previously undeveloped and non-producing. ATP is headquartered in Houston, Texas, with additional offices in Guildford, Surrey (U.K.) and IJmuiden (Netherlands). ATP trades on the NASDAQ Global Select Market under the symbol ATPG.
ATP creates value for its shareholders through the acquisition and development of significant proved undeveloped reserves frequently with the upside of probable and possible reserves.
Upstream News |
Third well goes on stream at ATP's Telemark Hub in Gulf of MexicoATP Oil & Gas Corporation said Aug. 24 that it has begun producing oil at its Mississippi Canyon Block 941 A-2 (#4) well in the deepwater Gulf of Mexico. |
ATP makes $150M preferred stock offeringATP Oil & Gas Corp. has announced a public offering of approximately $150 million of perpetual preferred stock. |
Industry Briefs |
ATP receives its second GOM deepwater permitATP Oil & Gas has received its second Gulf of Mexico deepwater permit since the termination of the moratorium. |
ATP receives deepwater Gulf of Mexico drilling permitHouston-based ATP Oil & Gas Corporation said March 18 that it has received a permit to resume drilling the Mississippi Canyon Block 941 #4 well in the deepwater Gulf of Mexico. |
Houston's ATP will expand into offshore IsraelATP Oil & Gas Corporation, with operations in the Gulf of Mexico and the North Sea, is expanding its deepwater operating and infrastructure expertise to offshore Israel. |
Energen buys SandRidge Permian acreage for $110M
Energen Corp.'s oil and gas exploration and production company, Energen Resources Corp., has purchased 40,000 acres in the Permian Basin from SandRidge Energy Inc. for $110 million.
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