ATP Oil & Gas Corp. (ATPGQ) Research

ATP Oil & Gas Corp. ceased all operations on October 12, 2021, when it filed for Chapter 7 bankruptcy liquidation. Historically, this enterprise was dedicated to the exploration, development, and extraction of oil and natural gas resources, primarily within the Gulf of Mexico and the United Kingdom's North Sea sector. Additionally, it possessed stakes in three deepwater licenses situated in the Mediterranean Sea, offshore Israel. As of December 31, 2011, the company reported estimated net proved reserves amounting to 118.9 million barrels of crude oil equivalent (MMBoe). These reserves were predominantly located in the Gulf of Mexico (approximately 75.9 MMBoe) and the North Sea (42.9 MMBoe). The total reserve composition included around 78.6 million barrels of crude oil or other liquid hydrocarbons and 241.5 billion cubic feet of natural gas. Its physical assets encompassed interests in 38 offshore blocks and 49 wells—23 of which were subsea—in the Gulf of Mexico. Furthermore, in the North Sea, it held interests in 13 blocks and operated two subsea wells. Established in 1991, ATP Oil & Gas Corporation maintained its headquarters in Houston, Texas.

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