& gas corporation type public traded as otc pink atpaq industry oil and gas industry founded 1991 founder t. paul buhlman headquarters houston texas u.s. key people t. paul bulmahn chairman and ceo leland e. tate president albert l. reese jr. cfo ; treasurer john e. tschirhart senior vice president products crude oil natural gas revenue us 312m fy 2009 1 operating income us 15.1 m fy 2009 1 net income us 49.0 m fy 2009 1 total assets us 2.80 b fy 2009 2 total equity us 596m fy 2009 2 number of employees 64 3 website www.atpog.com atp oil & gas corporation is a houston texas based company that develops and produces oil and natural gas in the gulf of mexico and the north sea . it specializes in developing reserves . atp trades on the pink sheets under symbol atpaq it previously traded on the nasdaq global select market under the symbol atpg . contents 1 history 2 worldwide exposure 3 innovative and notable technology developed 4 largest volvo overseas delivery car order in history 5 location management and key personnel 6 external links 7 references history edit atp oil & gas was founded in 1991 . the company acquires and develops off shore properties in the gulf of mexico and north sea with proven but as yet undeveloped oil and gas reserves called pud in the industry . the company has a 97 % success rate in this objective . the success rate has increased as more powerful seismic technologies have become available . 4 on august 18 2012 atp oil & gas filed for chapter 11 bankruptcy protection . 5 worldwide exposure edit atp has leasehold and other interests in 50 offshore blocks in the gulf of mexico 12 blocks in the north sea of which 11 are in the united kingdom controlled sector and one in the netherlands controlled sector . 4 innovative and notable technology developed edit the company has developed refinements to existing technology including developing a subsea well in 500 feet 150 m of water with an 11 mile 18 km pipeline and an umbilical controlled by direct hydraulics which as at the time the longest direct hydraulic system in the world . previously it was thought that direct hydraulics could not be used for distances beyond five to seven miles 11 km . atp was awarded best field improvement project 1999 for this innovation by hart s oil and gas world magazine . atp set a new world record for the longest subsea oil tieback at its ladybug wells in garden banks block 409 in the gulf of mexico . about 91 865 ft 28 000 m of 6 in . pipe were laid in 1 360 ft 410 m waters to tie the ladybug wells to the garden banks 189 a platform . the company also incorporates networking and the internet communication . this results in the company operating 17 unmanned platforms dramatically lowering costs . the company received the inc. cisco growing with technology award 2000 for this accomplishment . 6 largest volvo overseas delivery car order in history edit in 2006 on behalf of its employees the company placed the largest single non fleet order for overseas delivery in the volvo carmaker s history . every employee of the company was given the option to receive a new volvo car and a trip to sweden . 7 this record order was a result of a challenge made by the company to its employees to reach certain corporate goals for the year . the challenge was that if the goals were met every employee regardless of rank or job description would receive a new 2006 volvo s60 sedan and a trip to sweden to take delivery of the car . paul bulmahn the chairman and president of the company disqualified himself from receiving the bonus . 7 production goals included 7 beginning production of the deepwater mississippi canyon block 711 field also known as gomez increasing the company s production of natural gas to 160 million cubic feet 4 500 000 m3 per day nearly a triple production of the previous year obtaining a 200 % reserve replacement the goal was exceeded with a replacement rate of 1 367 % rate completing six gulf of mexico and three north sea projects location management and key personnel edit atp is headquartered in houston texas . it has additional offices in guildford surrey united kingdom and ijmuiden netherlands . 8 t. paul bulmahn is the founder and owns approximately 24 % of shares . effective may 21 2008 leland e. tate previously the chief operating officer is promoted to the position of president of the company . additionally george r. morris previously the vice president acquisitions will assume the role of atp chief operating officer . t. paul bulmahn continues with atp as chief executive officer and chairman of the board . 9 external links edit official site references edit a b c atp oil & gas atpg annual sec income statement filing via wikinvest . a b atp oil & gas atpg annual sec balance sheet filing via wikinvest . a b company profile for atp oil & gas corporation atpg . retrieved 2008 10 20 . a b rigzone atp oil & gas johnson luke 2012 08 17 . atp files for bankruptcy . upstream online . nhst media group . retrieved 2012 08 18 . atp oil and gas a b c oil and gas investor lifestyles archived june 25 2007 at the wayback machine . atp oil and gas atp oil & gas corporation press releases permanent dead link retrieved from https en.wikipedia.org w index.php title atp oil and gas & oldid 743465280 categories companies based in houstoncompanies formerly listed on nasdaqoil companies of the united statesnatural gas companies of the united stateshidden categories articles with wayback machine linksall articles with dead external linksarticles with dead external links from october 2016articles with permanently dead external linkspages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent 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