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Thursday, September 10, 2009 1:54:59 PM
ATP Oil & Gas Corporation engages in the acquisition, development, and production of oil and natural gas properties in the Gulf of Mexico, the United Kingdom, and Dutch Sectors of the North Sea. As of December 31, 2008, the company had leasehold and other interests in 77 offshore blocks, 41 platforms, and 129 wells, including 22 subsea wells in the Gulf of Mexico; and interests in 10 blocks and 3 company-operated subsea wells in the North Sea. It had estimated net proved reserves of 713.6 billion cubic feet equivalent, of which approximately 449.6 billion cubic feet equivalent were in the Gulf of Mexico and 264.0 billion cubic feet equivalent were in the North Sea. These reserves were comprised 321.7 billion cubic feet of natural gas and 65.3 million barrels of crude oil.
Petroleum Development Corporation engages in the exploration, development, production, and marketing of oil and natural gas. The company also specializes in the purchase, aggregation, and resale of natural gas from other producers. As of December 31, 2008, it owned interests in approximately 4,712 gross wells located primarily in the Rocky Mountain Region, and the Appalachian and Michigan Basins with 753 billion cubic feet equivalent of net proved oil and natural gas reserves. It sells natural gas to other gas marketers, utilities, industrial end-users, and other wholesale gas purchasers. The company was founded in 1955 and is based in Denver, Colorado.
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