ATP Oil & Gas (ATPG) Rips Higher, Reports First Production at Mississippi Canyon Block
Get Alerts ATPG Hot Sheet
Join SI Premium – FREE
ATP Oil & Gas Corporation (Nasdaq: ATPG) is ripping higher Monday following the announcement of first oil production at its Mississippi Canyon Block 942 A-3 (#2) well, the fourth well at its Telemark Hub. Shares are up 16 percent on the session.
More details from the release: "The oil production rates are gradually being increased as the well goes through the initial stages of production. The early production rate performance has met expectations and the rate of oil production is being increased. Further information will be reported as it becomes available. The MC 942 A-3 well is located on the Morgus Field and is the fourth well brought on production at the Telemark Hub location utilizing the ATP Titan floating drilling and production platform.
ATP operates the deepwater Telemark Hub in approximately 4,000 feet of water with a 100% working interest and holds a 100% ownership in ATP Titan LLC which owns the ATP Titan and associated pipelines and infrastructure."
More details from the release: "The oil production rates are gradually being increased as the well goes through the initial stages of production. The early production rate performance has met expectations and the rate of oil production is being increased. Further information will be reported as it becomes available. The MC 942 A-3 well is located on the Morgus Field and is the fourth well brought on production at the Telemark Hub location utilizing the ATP Titan floating drilling and production platform.
ATP operates the deepwater Telemark Hub in approximately 4,000 feet of water with a 100% working interest and holds a 100% ownership in ATP Titan LLC which owns the ATP Titan and associated pipelines and infrastructure."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jabil falls after placing CEO on paid leave amid internal investigation
- Aluminum and steel stocks rise as Biden calls for higher tariffs
- Edible Garden (EDBL) Reports Preliminary First Quarter Year-Over-Year Increase in Produce Revenues of 40%; Cut Herb Revenue Increased More Than 200% for the Same Period
Create E-mail Alert Related Categories
Insiders' Blog, Momentum MoversSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!