ATP Oil & Gas

Founded in 1991, ATP Oil & Gas is engaged in the development and production of oil and natural gas in the Gulf of Mexico and the North Sea. ATP acquires and then develops properties with proved but as yet undeveloped oil and gas reserves (PUDs). Since its inception in 1991, ATP has achieved a 97% success rate in converting nonproducing properties with PUDs to proved producing reserves.

The company achieved early success with a strong business plan and by attracting highly experienced people. As more powerful seismic technologies have become available, ATP has increased its rate of success and expanded its holdings in the Gulf of Mexico and internationally, in the North Sea.

In the Gulf of Mexico, ATP has leasehold and other interests in 50 offshore blocks. In the North Sea, ATP holds interests in eleven blocks in the UK sector and one block in the Dutch sector. ATP operates 98% of its properties based on their PV10 value.

ATP's international operations are focused in the North Sea. With offices in the UK and the Netherlands, ATP is aggressively expanding into this historically productive region.

Address: 4600 Post Oak Place
Suite 200
Houston, TX 77027
Contact: 713.622.3311

Recent Articles

Lessons from ATP Bankruptcy There for Those Who Listen
Tuesday, June 30, 2015 Oil and gas transactions lawyers share ways to remain solvent during tough economic times.
Cosco Discontinues Octabuoy Hull and Topside Module Project
Monday, January 12, 2015 Cosco discontinues the Octabuoy hull and topside module project, resulting in a one-off charge of $72 million for the firm.
Cosco Reveals Buying Interest for Octabuoy Hull and Topside Module
Wednesday, July 23, 2014 Cosco Nantong receives bids for the Octabuoy hull and topside module that it had built for ATP Oil & Gas.
North Sea's Blythe, Skipper Assets Get 3-Month Extension
Wednesday, December 11, 2013 Independent Oil & Gas says that licenses covering its Blythe and Skipper assets in the North Sea have been extended to March 31, 2014.
Struggling for Cash, ATP Abandons Gomez Oil Drilling Field
Thursday, June 13, 2013 ATP is walking away from an oil-drilling platform in the Gulf of Mexico, leaving it unmanned and a threat to public safety at the start of hurricane season, attorneys told a bankruptcy judge.
DOJ Sues ATP Over Alleged Oil, Chemical Discharges in Gulf
Monday, February 11, 2013 ATP Oil & Gas Corp. is accused of discharging oil into the Gulf of Mexico, and then adding chemicals to mask the oil's presence, the U.S. Justice Department said.
ATP Oil Seeks Court Permission to Sell Shelf Drilling Areas
Wednesday, January 09, 2013 ATP Oil & Gas Corp. is seeking bankruptcy-court permission to sell 18 of its 38 offshore exploration and drilling areas at an auction next month.
Judge Says ATP O&G Can Tap $617.6 Million Loan
Friday, August 24, 2012 A judge has cleared ATP to tap a $617.6M bankruptcy loan to fund its operations, as it restructures its more than $2B in debt in Chapter 11.
ATP Wraps Up Workover at Telemark Well
Monday, July 09, 2012 ATP Oil & Gas Corporation announced the completion of the workover at its Mississippi Canyon Block 941 A-2 well located at the Mirage Field.
ATP Strikes Shimshon Pay Offshore Israel
Monday, July 02, 2012 ATP O&G encountered more than 62 feet of natural gas pay at the Shimshon well offshore Israel.
ATP Closes Private Placement
Wednesday, June 20, 2012 ATP Oil & Gas Corporation has closed a private placement consisting of a $35 million unsecured convertible note.
ATP Resumes Production Ops at Telemark Hub
Monday, June 11, 2012 ATP Oil & Gas Corporation has resumed production at the ATP Titan platform which services the company's Telemark Hub.
ATP Welcomes New CEO
Thursday, June 07, 2012 ATP announced that Mr. Matt McCarroll replaced Mr. T. Paul Bulmahn as Chief Executive Officer.
McCarroll Takes Reins at ATP Oil & Gas
Friday, June 01, 2012 Matt McCarroll joins ATP Oil & Gas as chief executive officer.
Cyprus Secures 15 Bids for Gas Exploration
Friday, May 11, 2012 Cyprus said that 29 companies had made 15 bids for exploratory drilling in a second round of licensing to exploit offshore O&G deposits despite strong objections from Turkey.
ATP Kicks Off Drilling Operations Offshore Israel
Monday, April 30, 2012 ATP O&G Corp. and its subsidiary ATP East Med B.V. have initiated drilling at the Shimshon well in the Levant Basin of offshore Israel with the Ensco 5006 drilling unit.
GE O&G to Supply Subsea Systems to ATP Cheviot Field
Monday, April 30, 2012 GE Oil & Gas will supply ATP O&G with subsea production equipment, ancillary systems and related services for ATP's signature Cheviot field project in the North Sea.
Subsea 7 Scores SURF Gig Offshore Shetland
Friday, March 30, 2012 Subsea 7 announced the award of a SURF contract from ATP O&G (UK) Limited/Bluewater, the operator on the Cheviot Field, situated 75 miles (120 kilometers) East of Shetland.
Technip Wins Cheviot Field Contract
Thursday, March 29, 2012 Subsidiary of French oilfield services firm wins contract from Bluewater Industries for the Cheviot field development in the North Sea.
ATP Briefs Initial Production Rates at Mississippi Canyon
Friday, March 02, 2012 ATP announced initial production rates at its Mississippi Canyon Block 942 A-3 (#2) well in excess of 7,000 boepd, of which 85% is oil.