April 18, 2018
The Fifth Circuit on Tuesday rejected an attempt by creditors of bankrupt ATP Oil and Gas Corp. to collect on liens from the current owner of ATP's offshore royalty rights, saying that while state law allowed the liens, it also contained a provision shielding the new owner.
October 31, 2016
ATP Oil & Gas Corp.'s Chapter 7 trustee asked a Texas bankruptcy judge on Friday to sign off on a proposed settlement with the estate professionals who handled the company's Chapter 11 bankruptcy proceedings before it was forced into liquidation, seeking to avoid about $48 million in approved final fee payments.
June 01, 2016
ATP Oil & Gas Corp.'s Chapter 7 trustee asked a Texas bankruptcy judge Tuesday to sign off on a $25 million settlement with BP Exploration and Production Inc. that resolves the debtor's claims against the oil giant over the Deepwater Horizon spill.
June 01, 2016
Schlumberger Technology Corp. has joined with four other companies to ask a Texas federal judge to declare that their interests in offshore oil leases valued at more than $17 million cannot be claimed by bankrupt ATP Oil & Gas Corp.
December 21, 2015
A Texas federal judge on Friday signed off on a deal between the trustee for bankrupt ATP Oil & Gas Corp. and its former general counsel, which resolves malpractice and other claims against the onetime in-house lawyer for allegedly failing to make a timely claim to ATP's insurers for defense costs from environmental litigation.
February 20, 2015
A Texas federal judge on Thursday dismissed a challenge to bankrupt ATP Oil & Gas Corp.'s sale of assets to Bennu Oil & Gas LLC, concluding that the plaintiff, a company with joint liability for certain decommissioning obligations, lacked standing to challenge the sale.
February 06, 2015
A Texas bankruptcy judge on Thursday overruled creditors' objections and approved a settlement in which ATP Oil & Gas Corp. and the U.S. Department of the Interior dropped respective $70 million and $61 million claims stemming from a post-Deepwater Horizon drilling moratorium.
February 03, 2015
The federal government urged a Texas bankruptcy judge on Monday to overrule creditors' objections and approve a settlement releasing bankrupt ATP Oil and Gas Corp. from a $61 million administrative claim in exchange for dropping a $70 million claim against the government for lost profits following a post-Deepwater Horizon drilling moratorium.
August 27, 2014
The Chapter 7 Trustee for defunct ATP Oil & Gas Corp. filed an adversary suit in Texas federal court on Tuesday against Water Quality Insurance Syndicate, seeking defense and indemnity for a suit launched by the United States against ATP after the 2010 Deepwater Horizon oil spill.
August 18, 2014
The Chapter 7 trustee of the estate of ATP Oil & Gas Corp. filed suit Friday in Texas bankruptcy court claiming the company's senior management failed to properly plan, budget or take the appropriate proactive action to lessen the company's damages caused by the Deepwater Horizon oil spill.