At Matagorda Island 709, ATP is the operator with a 62.5% working interest. The remaining interest is held by NI Energy Venture, Inc., an affiliated company of Nissho Iwai Corporation, and Hunt Chieftain Development L.P. At Ship Shoal 358, ATP is the operator and has a 51% working interest. The remaining interest is held by NI Energy Venture, Inc. and Magnum Hunter Resources, Inc.
"ATP continues to execute its business plan of developing proved undeveloped reserves and ATP has increased production from approximately 40 MMcfe/d at January 1, 2004 to approximately 82 MMcfe/d, an increase of more than 100% in less than 90 days," stated T. Paul Bulmahn, Chairman and President of ATP.
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