Oil Platform Owner: Bankrupt ATP Oil & Gas Cannot Convey Property It Does Not Own

Oil Platform Owner: Bankrupt ATP Oil & Gas Cannot Convey Property It Does Not Own

HOUSTON - ATP Infrastructure Partners (ATPIP), the owner of a floating platform unit called the Innovator, used in oil and gas exploration, on Oct. 7 filed a brief in the U.S. Bankruptcy Court for the Southern District of Texas objecting to a deal reached among bankrupt ATP Oil & Gas Corp., entities affiliated with Anadarko Petroleum Corp. and the U.S. government on grounds that ATP cannot transfer property it does not own (In Re: ATP Oil & Gas Corporation, No. 12-36187, Chapter 11, S.D. Texas Bkcy.).

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