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ATP Oil & Gas Corporation

 
Hoover's Company Profiles:

ATP Oil & Gas Corporation

(NASDAQ:ATPG)
Contact Information
ATP Oil & Gas Corporation
4600 Post Oak Place, Ste. 200
Houston, TX 77027-9726
TX Tel. 713-622-3311
Fax 713-622-5101

Type: Public
On the web: http://www.atpog.com
Employees: 64
Employee growth: 1.6%

ATP Oil & Gas looks for its revenues where others have shelved their operations. The company's strategy is to exploit continental shelf assets that are being sold by larger oil companies searching for higher returns in deeper waters. It owns interests in about 30 floating platforms. The company explores and develops natural gas and oil properties primarily on the outer continental shelf of the Gulf of Mexico (where it has interests in more than 50 offshore blocks and about 90 wells) and in the Southern Gas Basin of the UK's North Sea (where it has 13 blocks and three company operated wells). In 2010 ATP Oil & Gas reported proved reserves of 126.4 million barrels of oil equivalent.

Key numbers for fiscal year ending December, 2010:
Sales: $438.0M
One year growth: 40.3%
Net income: ($348.8)M

Officers:
President: Leland E. Tate
COO: George R. Morris
CFO and Treasurer: Albert L. Reese Jr.

Competitors:
Eni
Forest Oil
Newfield Exploration

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