ATP Oil & Gas Sees Lower 2010 Production

Monday, June 07, 2010

According to a June 4 report from Reuters, ATP Oil & Gas Corp (ATPG.O) expects a lower production for 2010 and said its full-year budget will likely be reduced by $50m to $100m as a result of the Gulf of Mexico offshore drilling moratorium. ATP said the six-month moratorium would delay production from three of its wells, two at the Telemark Hub and one at the Canyon Express Hub.

(Source: Reuters)

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