ATP Seeks Court Permission to Auction Deepwater Properties

ATP Oil & Gas Corp. is seeking court permission to auction deepwater properties in whole or in blocks.

ATP proposed in a court filing to hold an auction in March, saying the value of the reserves in the deepwater properties could exceed $6 billion.

To contact the reporter on this story: Sophia Pearson in Philadelphia at spearson3@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net

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