ATP Oil & Gas Corporation (NASDAQ:ATPG)
About ATP Oil & Gas Corporation (NASDAQ:ATPG) ATP Oil & Gas Corporation (ATP) is engaged in the acquisition, development and production of oil and natural gas properties in the Gulf of Mexico and the United Kingdom and Dutch Sectors of the North Sea (the North Sea). As of December 31, 2009, the Company owned leasehold and other interests in 62 offshore blocks and 104 wells, including 19 subsea wells, in the Gulf of Mexico. ATP operates 93 (89%) of these wells, including 95% of the subsea wells. It also has interests in 11 blocks and three Companyoperated subsea wells in the North Sea. As of December 31, 2009, ATP had estimated net proved reserves of 135.2 million barrels of oil equivalent (MMBoe), of which approximately 91.3 MMboe (68%) were in the Gulf of Mexico and 43.9 MMBoe (32%) were in the North Sea. As of December 31, 2009, the Company’s proved reserves in the deepwater Gulf of Mexico accounted for 62% of its total proved reserves.