ATP Oil & Gas: The Momentum is Building

In a few short months, a lot has happened at ATP Oil & Gas (NASDAQ: ATPG) on the operations front – both domestically, and internationally.

Domestically, the company completed its fourth well at Telemark hub in the deepwater Gulf of Mexico (100% WI) utilizing the ATP Titan which recorded IP  rates in excess of 7,000 BOEPD (85% oil). Most recent, ATPG reported completing a workover project at its Mississippi Canyon Block 941 A-2 well in the deepwater Gulf of Mexico with initial test flow rates of 4,000 BOEPD (90% oil). After tieback, ATPG e...