ATP Oil and Gas

ATP Oil & Gas Corporation is a Houston, Texas based company that develops and produces oil and natural gas in the Gulf of Mexico and the North Sea. It specializes in developing reserves. ATP trades on the NASDAQ Global Select Market under the symbol ATPG. ATP Oil & Gas was founded in 1991. The company acquires and develops off shore properties in the Gulf of Mexico and North Sea with proven but as yet undeveloped oil and gas reserves, called PUD in the industry. The company has a 97% success rate in this objective. The success rate has increased as more powerful seismic technologies have become available. ATP has leasehold and other interests in 50 offshore blocks in the Gulf of Mexico, 12 blocks in the North Sea, of which 11 are in the...