Reuters: Bankruptcy News: Gulf of Mexico operator ATP Oil & Gas files for bankruptcy

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Gulf of Mexico operator ATP Oil & Gas files for bankruptcy Aug 17th 2012, 21:47 Fri Aug 17, 2012 5:47pm EDT Aug 17 (Reuters) - Gulf of Mexico producer ATP Oil & Gas Corp filed for Chapter 11 bankruptcy protection in a Texas court on Friday, reporting total debts of $3.49 billion and assets of $3.64 billion. The Houston-based company said in the filing that it had been severely affected by the deepwater drilling moratorium which followed the 2010 Deepwater Horizon disaster. "ATP has taken this action in order to undertake a comprehensive financial restructuring," the company said in a statement.

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