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ATP Oil & Gas Corporation

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Case overview

Case Number:

4:12-bk-36187

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Sectors & Industries:

  1. April 18, 2018

    ATP Vendors' Mineral Liens Void, 5th Circ. Says

    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.

  2. October 31, 2016

    ATP Trustee Seeks OK On Deal Freeing Co. Of $48M In Fees

    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.

  3. June 01, 2016

    BP Agrees To $25M Deal Resolving ATP's Deepwater Claims

    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.

  4. June 01, 2016

    5 Firms Say $17M In Leases Off Limits To Bankrupt ATP Oil

    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.

  5. December 21, 2015

    ATP Oil Settles Insurance Action With Former GC

    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.

  6. February 20, 2015

    ATP's Asset Sale And $44M Trust Survive Challenge

    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.

  7. February 06, 2015

    Judge OKs ATP's Settlement Over Deepwater Drilling Claims

    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.

  8. February 03, 2015

    US Tells ATP Ch. 7 Judge To Ignore Objections, OK Deal

    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.

  9. August 27, 2014

    ATP Trustee Sues Insurer For Deepwater Horizon Defense

    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.

  10. August 18, 2014

    Ch. 7 Trustee Sues ATP Oil Execs Over Reckless Spending

    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.

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