Pioneer Loses Bid To Delay Arbitration In ATP Lease Row

Law360, Houston (May 16, 2013, 11:30 PM EDT) -- A Texas federal judge on Thursday declined to consider a request by Pioneer Natural Resources USA Inc. to delay arbitration of liabilities tied to bankrupt ATP Oil & Gas Corp.’s oil and gas leases while the court weighs a $691 million bid for the assets.

In a one-page order, U.S. Bankruptcy Judge Marvin Isgur ruled that it is up to an arbitrator to decide when to commence arbitration of claims arising from an interest in an offshore lease operated by ATP that Pioneer sold to Davis Offshore...
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