ATP Oil, Facing $16.8M In Decommissioning Costs, Seeks Approval To Sell 2 Wells

HOUSTON - Bankrupt ATP Oil & Gas Corp. on Jan. 7 moved in the U.S. Bankruptcy Court for the Southern District of Texas for approval to sell free and clear of all liens two oil wells for which it has a combined obligation of $16.8 million related to the costs of decommissioning (In Re: ATP Oil & Gas Corporation, No. 12-36187, Chapter 11, S.D. Texas Bkcy.).

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