UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-K/A
(Amendment No.1)
x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2011
or
¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Commission file number: 001-32647
ATP Oil & Gas Corporation
(Exact name of registrant as specified in its charter)
Texas | 76-0362774 | |
(State of incorporation) | (I.R.S. Employer Identification No.) |
4600 Post Oak Place, Suite 100
Houston, Texas 77027
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (713) 622-3311
Securities Registered Pursuant to Section 12 (b) of the Act:
Title of each class |
Name of exchange on which registered | |
Common Stock, par value $.001 per share | NASDAQ Global Select Market |
Securities Registered Pursuant to Section 12 (g) of the Act: None
Indicate by check mark if the Registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act. Yes ¨ No x
Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ¨ No x
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨
Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate website, if any, every interactive Data File required to be submitted electronically and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or such shorter period that Registrant was required to submit and post such files). Yes x No ¨
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrants knowledge, in definitive proxy or information statements incorporated by Reference in Part III of this Form 10-K or any amendment to this Form 10-K. ¨
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ¨ | Accelerated filer | x | |||
Non-accelerated filer | ¨ (do not check if a smaller reporting company) | Smaller reporting company | ¨ |
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x
The aggregate market value of the voting and non-voting common stock held by non-affiliates of the Registrant as of June 30, 2011 (the last business day of the Registrants most recently completed second fiscal quarter) was approximately $682.1 million. The number of shares of the Registrants common stock outstanding as of March 2, 2012 was 52,051,422.
DOCUMENTS INCORPORATED BY REFERENCE
Selected portions of ATP Oil & Gas Corporations definitive Proxy Statement, which will be filed with the Securities and Exchange Commission within 120 days after December 31, 2011, are incorporated by reference in Part III of this Form 10-K.
EXPLANATORY NOTE
ATP Oil & Gas Corporation (the Company) is filing this Amendment No. 1 on Form 10-K/A (Amendment No. 1) solely to include XBRL (eXtensible Business Reporting Language) information in Exhibit 101 that was excluded from our filed Annual Report on Form 10-K for the fiscal year ended December 31, 2011. This Amendment No. 1 makes no other changes to the Annual Report on Form 10-K as filed with the Securities and Exchange Commission on March 15, 2011.
Exhibit 101 provides the following items formatted in XBRL: (i) Balance Sheets at December 31, 2011 and December 31, 2010; (ii) Statements of Operations for the fiscal years ended December 31, 2011, December 31, 2010 and December 31, 2009; (iii) Statements of Comprehensive Income (Loss) for the fiscal years ended December 31, 2011, December 31, 2010 and December 31, 2009; (iv) Statements of Cash Flows for the fiscal years ended December 31, 2011, December 31, 2010 and December 31, 2009; (v) Statements of Temporary Equity for the fiscal years ended December 31, 2011, December 31, 2010 and December 31, 2009; (vi) Statements of Shareholders Equity for the fiscal years ended December 31, 2011, December 31, 2010 and December 31, 2009; (vii) Notes to Consolidated Financial Statements; (viii) Schedule I Parent Company Financial Statements; and (ix) Schedule II Valuation and Qualifying Accounts.
EXHIBITS
Exhibit Number |
Exhibits Description | |
101.INS | XBRL Instance Document | |
101.SCH | XBRL Schema Document | |
101.CAL | XBRL Calculation Linkbase Document | |
101.DEF | XBRL Definition Linkbase Document | |
101.LAB | XBRL Label Linkbase Document | |
101.PRE | XBRL Presentation Linkbase Document |
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this amendment to be signed on its behalf by the undersigned, thereunto duly authorized, on March 23, 2012.
ATP OIL & GAS CORPORATION | ||
By: |
/s/ Albert L. Reese Jr. | |
Albert L. Reese Jr. | ||
Chief Financial Officer |
Supplemental Quarterly Financial Information
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Dec. 31, 2011
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Supplemental Quarterly Financial Information | Note 17 — Supplemental Quarterly Financial Information (Unaudited) (In Thousands, Except Per Share Amounts)
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Organization And Basis Of Presentation
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12 Months Ended |
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Dec. 31, 2011
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Organization And Basis Of Presentation [Abstract] | |
Organization And Basis Of Presentation | Note 1 — Organization and Basis of Presentation Organization ATP Oil & Gas Corporation ("the Company") was incorporated in Texas in 1991. ATP Oil & Gas Corporation is engaged internationally in the acquisition, development and production of oil and natural gas properties. Our management team has extensive engineering, geological, geophysical, technical and operational expertise in developing and operating properties in both our current and planned areas of operation. In the Gulf of Mexico and in the U.K. sector of the North Sea (the "North Sea"), we seek to acquire and develop properties with proved undeveloped reserves ("PUD") that are economically attractive to us but are not strategic to major or large independent exploration-oriented oil and gas companies. Occasionally we will acquire properties that are already producing or where previous drilling has encountered reservoirs that appear to contain commercially productive quantities of oil and gas even though the reservoirs do not meet the SEC definition of proved reserves. In the Gulf of Mexico and North Sea, we believe that our strategy provides assets for us to develop and produce with an attractive risk profile at a competitive cost. During 2011, we acquired three licenses in the Mediterranean Sea covering potential natural gas resources in the deepwater off the coast of Israel. In the Mediterranean Sea our licenses relate to exploratory prospects where drilling has occurred nearby and hydrocarbons have been discovered by others. Our initial significant capital investment in the Mediterranean Sea is expected to be in the first half of 2012 when drilling exploration begins for one of these three licenses. Basis of Presentation The consolidated financial statements include our accounts, the accounts of our majority-owned limited partnership, ATP Infrastructure Partners, L.P. ("ATP-IP") and those of our wholly-owned subsidiaries; ATP Oil & Gas (UK) Limited, or "ATP (UK);" ATP Oil & Gas (Netherlands) B.V.; ATP Energy, Inc., ATP Titan LLC, four wholly owned limited liability companies created to own our interests in ATP-IP and ATP Titan LLC and four other wholly owned limited liability companies formed related to our operations in the Mediterranean Sea. All intercompany transactions are eliminated in consolidation. We have reclassified certain amounts applicable to prior periods to conform to current classifications. These reclassifications do not affect earnings. |