ATP Seeks Court Permission to Auction Deepwater Properties

By Sophia Pearson – Jan 23, 2013 8:29 AM ET

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 atspearson3@bloomberg.net

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