EX-99.1 2 d458114dex991.htm MONTHLY OPERATING REPORT Monthly Operating Report

Exhibit 99.1

Case 12-36187    Document 1093    Filed in TXSB on 12/20/12    Page 1 of 11

 

MOR-1   UNITED STATES BANKRUPTCY COURT  

 

CASE NAME:  

ATP Oil & Gas Corporation

       PETITION DATE:  

8/17/2012

CASE NUMBER:  

12-36187

       DISTRICT OF TEXAS:  

Southern

PROPOSED PLAN DATE:  

To be determined

       DIVISION:  

Houston

MONTHLY OPERATING REPORT SUMMARY FOR NOVEMBER 2012

 

MONTH

    8/17/12 to 8/31/12     9/30/2012     10/31/2012     11/30/2012  
REVENUES (MOR-6)    $ 17,962,067      $ 37,184,014      $ 36,306,806      $ 31,765,591   
INCOME(LOSS) FROM OPERATIONS (MOR-6)      1,618,169        6,864,948        5,013,051        (6,313,659 ) 
NET INCOME (LOSS) (MOR-6)      (32,699,588 )      (4,623,978 )      (6,425,282 )      (22,150,243 ) 
PAYMENTS TO INSIDERS (MOR-9A)      75,859        152,426        159,194        159,194   
PAYMENTS TO PROFESSIONALS (MOR-9A)      620,479        572,818        1,311,798        5,432,032   
  

 

 

    

 

 

    

 

 

    

 

 

  
TOTAL DISBURSEMENTS (MOR-8)    $ 386,317,124      $ 68,035,477      $ 87,503,449      $ 57,414,266   
  

 

 

    

 

 

    

 

 

    

 

 

  

***The original of this document must be filed with the United States Bankruptcy Court and a copy must be sent to the United States Trustee***

 

             CIRCLE ONE

REQUIRED INSURANCE MAINTAINED

AS OF SIGNATURE DATE

  

EXP.

DATE

   

Are all accounts receivable being collected within terms?

 

Are all post-petition liabilities, including taxes, being paid within terms?

 

Have any pre-petition liabilities been paid?

  

Yes  LOGO

LOGO  No

LOGO  No

 

CASUALTY

LIABILITY

VEHICLE

WORKER’S

OTHER

  

 

YES (X) NO ( )

YES (X) NO ( )

YES (X) NO ( )

YES (X) NO ( )

YES (X) NO ( )

  

 

06-30-13

10-31-13

10-31-13

06-30-13

06-01-13

     
          
         If so, describe  

In accordance with the authority that has been granted to ATP under court orders, certain prepetition liabilities relating to payroll, employee expense reimbursements, independent contractor fees, utility fees, capital expenditures for our Clipper project, and fees due on our bank accounts have been paid.

       Are all funds received being deposited into DIP bank accounts?   LOGO  No
       Were any assets disposed of outside the normal course of business?   Yes  LOGO
         If so, describe  

 

       Are all U.S. Trustee Quarterly Fee Payments current?     LOGO  No
       What is the status of your Plan of Reorganization?  

 

        

We are in the preliminary stages of formulating a Plan of Reorganization.

 

ATTORNEY NAME:  

Charles S. Kelley, Esq.

     I certify under penalty of perjury that the following complete Monthly Operating Report (MOR), consisting of MOR-1 through MOR-9 plus attachments, is true and correct.
FIRM NAME:  

Mayer Brown, LLP

    
ADDRESS:  

700 Louisiana St.

    
 

Suite 3400

     SIGNED X  

LOGO

  TITLE: Chief Accounting Officer
CITY, STATE, ZIP:  

Houston, TX 77002

        
TELEPHONE/FAX:  

(713) 238-3000

     (ORIGINAL SIGNATURE)                
     

Keith R. Godwin

      

December 20, 2012

MOR-1       (PRINT NAME OF SIGNATORY)       DATE    Revised 07/01/98

 

Case 12-36187    Document 1093    Filed in TXSB on 12/20/12    Page 2 of 11

 

CASE NAME:  

ATP Oil & Gas Corporation

  
CASE NUMBER:  

12-36187

  

COMPARATIVE BALANCE SHEETS

 

ASSETS

   FILING DATE
8/17/2012		     MONTH
8/31/2012		     MONTH
9/30/2012		     MONTH
10/31/2012		     MONTH
11/30/2012		     MONTH   MONTH

CURRENT ASSETS

              

Cash

   $ 6,119,734      $ 47,144,872      $ 54,512,686      $ 39,600,277      $ 21,768,168       

Restricted Cash

     4,840,908        14,841,112        82,549,173        39,780,233        32,834,527       

Accounts Receivable, Net

     48,962,845        48,202,892        51,860,095        49,641,379        43,065,163       

Accounts Receivable, Affiliates

     699,367,083        705,099,121        710,056,471        715,813,853        721,441,532       

Prepaid Expenses and Other Current Assets

     18,938,661        19,533,602        14,207,138        11,902,075        15,435,513       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

TOTAL CURRENT ASSETS

     778,229,231        834,821,599        913,185,563        856,737,817        834,544,903       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

Oil & Gas Properties

     2,914,007,759        2,939,625,568        2,988,835,104        2,962,670,018        2,958,065,891       

Less Accumulated DD&A and Impairment

     1,622,583,195        1,636,941,332        1,650,846,528        1,664,818,884        1,685,343,773       

OIL & GAS PROPERTIES, NET

     1,291,424,564        1,302,684,236        1,337,988,576        1,297,851,134        1,272,722,118       

OTHER ASSETS

              

1. Deferred Tax Assets

     —          —          —          —          —         

2. Investments in Affiliates

     892,154,554        888,614,697        869,098,552        864,632,911        860,285,519       

3. Deferred Financing Costs - net

     2,075,258        2,171,506        1,970,434        1,836,314        1,756,502       

4. Furniture & Fixtures, net

     482,093        463,201        440,959        418,736        396,666       

5. Other Non current Receivable

     12,269,065        12,273,726        12,278,238        12,282,902        12,287,418       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

TOTAL ASSETS

   $ 2,976,634,765      $ 3,041,028,965      $ 3,134,962,322      $ 3,033,759,814      $ 2,981,993,126       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

 

MOR-2    Revised 07/01/98

 

Case 12-36187    Document 1093    Filed in TXSB on 12/20/12    Page 3 of 11

 

CASE NAME:  

ATP Oil & Gas Corporation

   
CASE NUMBER:  

12-36187

   

COMPARATIVE BALANCE SHEETS

 

LIABILITIES & OWNERS’ EQUITY

   FILING DATE
8/17/2012		     MONTH
8/31/2012		     MONTH
9/30/2012		     MONTH
10/31/2012		     MONTH
11/30/2012		     MONTH   MONTH

LIABILITIES

              

POST-PETITION LIABILITIES(MOR-4)

   $ —        $ 501,051,920      $ 631,908,259      $ 559,111,503      $ 573,175,745       

PRE-PETITION LIABILITIES

              

Secured obligations

     2,014,806,960        1,650,999,715        1,648,605,960        1,651,917,233        1,666,895,379       

Priority unsecured obligations

     11,287,816        11,287,816        10,759,598        10,759,598        10,759,598       

Unsecured obligations

     251,241,600        251,241,600        198,576,609        191,241,071        153,633,566       

Other pre-petition obligations

     —          —          —          —          —         
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

TOTAL CLAIMABLE PRE-PETITION LIABILITIES

     2,277,336,376        1,913,529,131        1,857,942,167        1,853,917,902        1,831,288,543       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

Asset Retirement Obligation(1)

     149,468,228        150,114,665        149,970,805        151,553,115        150,540,263       

Derivative Liability

     1,962,381        —          —          —          —         

Other Long-term obligations(2)

     544,832,478        510,150,491        536,415,044        520,685,753        504,590,990       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

TOTAL LIABILITIES

     2,973,599,463        3,074,846,207        3,176,236,275        3,085,268,273        3,059,595,541       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

OWNERS’ EQUITY (DEFICIT)

              

PREFERRED STOCK

     277,406,044        277,406,044        277,406,044        136,457,044        136,457,044       

COMMON STOCK

     52,660        52,660        52,660        73,288        73,288       

TREASURY STOCK

     (911,729 )      (911,729 )      (911,729 )      (911,729 )      (911,729 )     

ADDITIONAL PAID-IN CAPITAL

     536,339,243        536,976,475        537,384,047        678,615,495        678,990,045       

8/1-8/17 TRANSLATION ADJUSTMENT(3)

     1,363,677        —          —          —          —         

RETAINED EARNINGS: Filing Date

     (811,214,593 )      (811,214,593 )      (811,214,593 )      (811,214,593 )      (811,214,593 )     

RETAINED EARNINGS: Post Filing Date

     —          (32,699,588 )      (37,323,566 )      (43,748,848 )      (65,899,091 )     

Equity in earnings of ATPIP and ATP Titan: Post Filing Date

     —          (3,426,511 )      (6,666,816 )      (10,779,116 )      (15,097,379 )     
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

TOTAL OWNERS’ EQUITY (NET DEFICIT)

     3,035,302        (33,817,242 )      (41,273,953 )      (51,508,459 )      (77,602,415 )     
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

TOTAL LIABILITIES & OWNERS’ EQUITY

   $ 2,976,634,765      $ 3,041,028,965      $ 3,134,962,322      $ 3,033,759,814      $ 2,981,993,126       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

 

MOR-3    Revised 07/01/98

 

(1) ARO represents GAAP present value estimate of future cash flows. ARO is subject to certain potential bonding requirements, some of which have not been determined as of the date of this filing.
(2) Other long-term obligations include term NPI and ORRI interests which are accounted for as long-term obligations under GAAP because they are granted on proved properties where production is reasonably assured. Amounts associated with these other long-term obligations are not payable until production occurs.
(3) Our August 17 through August 31, 2012 income was estimated using an allocation of 15/31 days for certain line items. Our balance sheet line items represent the August 17 balances when possible; otherwise amounts presented represent July 31 balances. Because of this, an equity translation adjustment is required.

 

Case 12-36187    Document 1093    Filed in TXSB on 12/20/12    Page 4 of 11

 

CASE NAME:  

ATP Oil & Gas Corporation

   
CASE NUMBER:  

12-36187

   

SCHEDULE OF POST-PETITION LIABILITIES

 

    MONTH
8/31/2012		     MONTH
9/30/2012		     MONTH
10/31/2012		     MONTH
11/30/2012		     MONTH   MONTH

TRADE ACCOUNTS PAYABLE (MOR 5)

   $ 11,682,314      $ 9,262,572      $ 4,618,385      $ 14,180,863       

ACCOUNTS PAYABLE - AFFILIATES

     —          5,762,204        5,766,203        5,764,704       

TAX PAYABLE

            

Federal Payroll Taxes

     —          —          —          —         

State Payroll Taxes

     —          —          —          —         

Ad Valorem Taxes

     —          —          —          —         

Other Taxes

     —          —          —          —         
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

TOTAL TAXES PAYABLE

     —          —          —          —         
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

SECURED DEBT POST-PETITION

     414,344,609        524,877,029        525,532,714        528,769,960       

ACCRUED INTEREST PAYABLE

     583,204        4,625,503        4,852,269        5,000,980       

ACCRUED PROFESSIONAL FEES*

     746,512        440,553        715,540        —         

OTHER ACCRUED LIABILITIES

            

1. Payroll accruals

     —          —          —          —         

2. Other accruals

     55,145,058        77,503,779        10,701,453        12,937,793       

3. Other payables

     18,550,223        9,436,619        6,924,939        6,521,445       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

TOTAL POST-PETITION LIABILITIES (MOR-3)

   $ 501,051,920      $ 631,908,259      $ 559,111,503      $ 573,175,745       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

 

* Payment requires Court Approval

 

MOR-4    Revised 07/01/98

 

Case 12-36187    Document 1093    Filed in TXSB on 12/20/12    Page 5 of 11

 

CASE NAME:  

ATP Oil & Gas Corporation

   
CASE NUMBER:  

12-36187

   

AGING OF POST-PETITION LIABILITIES MONTH         11/30/2012        

 

DAYS

    TOTAL     TRADE
ACCOUNTS		     FEDERAL
TAXES		      STATE
TAXES		      AD VALOREM,
OTHER TAXES		  

0-30

    $ 14,540,604      $ 14,540,604      $ —         $ —         $ —     

31-60

      (361,626 )      (361,626 )      —           —           —     

61-90

      1,885        1,885        —           —           —     

91+

      —          —          —           —           —     
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

TOTAL

    $ 14,180,863      $ 14,180,863      $ —         $ —         $ —     
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

AGING OF ACCOUNTS RECEIVABLE

 

DAYS

    TOTAL      Revenue     Joint Interest(1)      Other(2)  

0-30 DAYS

    $ 36,573,488       $ 33,758,679      $ 2,814,809       $ —     

31-60 DAYS

      428,866         (109 )      428,037       $ 938   

61-90 DAYS

      2,671,069         —          2,600,069         71,000   

91+ DAYS

      3,391,740         (358,852 )      3,073,983         676,609   
  

 

 

     

 

 

    

 

 

     

 

 

  

TOTAL

    $ 43,065,163       $ 33,399,718      $ 8,916,898       $ 748,547   
  

 

 

     

 

 

    

 

 

     

 

 

  

 

MOR-5    Revised 07/01/98

 

(1)    91+ day balance includes

   $2,013,375 of amounts being withheld over WI% dispute and
  $415,789 of amounts regarding Black Elk/Nippon lawsuit

(2)    91+ day balance includes

   $434,636 due from Israel Tax Authority for VAT taxes and other receivables

 

Case 12-36187    Document 1093    Filed in TXSB on 12/20/12    Page 6 of 11

 

CASE NAME:  

ATP Oil & Gas Corporation

  
CASE NUMBER:  

12-36187

  

STATEMENT OF INCOME (LOSS)

 

    MONTH
8/17/12 to  8/31/12		     MONTH
9/30/2012		     MONTH
10/31/2012		     MONTH
11/30/2012		     MONTH   MONTH   FILING TO
DATE		  

REVENUES (MOR-1)

   $ 17,962,067      $ 37,184,014        36,306,806        31,765,591          $ 123,218,478   
                —     

GROSS PROFIT

     17,962,067        37,184,014        36,306,806        31,765,591            123,218,478   

OPERATING EXPENSES:

              

Lease Operating Expenses

     3,596,446        7,405,660        7,072,186        8,386,269            26,460,561   

Processing fees, related party

     3,456,290        6,590,000        6,643,000        6,590,000            23,279,290   

DD&A /Impairment

     6,958,244        13,927,439        13,994,578        20,546,958            55,427,219   

Accretion

     508,076        1,059,370        1,032,207        1,000,518            3,600,171   

Abandonment(Gain)/Loss

     32,108        130,910        —          —              163,018   

Compensation Expense

     778,853        1,165,292        1,359,794        1,265,270            4,569,209   

Professional Fees

     882,462        (35,889 )      967,109        341,154            2,154,836   

Other General & Administrative

     131,419        76,284        224,881        (50,919 )          381,665   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

TOTAL OPERATING EXPENSES

     16,343,898        30,319,066        31,293,755        38,079,250            116,035,969   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

INCOME (LOSS) FROM OPERATIONS (MOR-1)

     1,618,169        6,864,948        5,013,051        (6,313,659 )          7,182,509   

INTEREST INCOME

     2,033,953        4,504,888        4,860,557        4,818,186            16,217,584   

INTEREST (EXPENSE), NET

     (2,191,113 )      (13,303,416 )      (15,464,387 )      (16,457,399 )          (47,416,315 ) 

DERIVATIVES GAIN/(LOSS)

     —          (30,879 )      (972 )      4,387            (27,464 ) 

DEBT EXTINGUISHMENT GAIN/(LOSS)

     (6,937,100 )      —          —          —              (6,937,100 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

TOTAL INT, DER. & OTHER ITEMS

     (7,094,260 )      (8,829,407 )      (10,604,802 )      (11,634,826 )          (38,163,295 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

NET INCOME (LOSS) BEFORE REORGANIZATION EXPENSES

     (5,476,091 )      (1,964,459 )      (5,591,751 )      (17,948,485 )          (30,980,786 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

REORGANIZATION (EXPENSES):

              

US Trustee fees

     (30,000 )      —          (30,000 )      —              (60,000 ) 

Professional fees

     (1,037,305 )      (2,659,519 )      (803,531 )      (4,201,758 )          (8,702,113 ) 

Debt valuation adjustments

     —          —          —          —              —     

Claims adjustments

     (26,156,192 )      —          —          —              (26,156,192 ) 

Interest income

     —          —          —          —              —     

REORGANIZATION EXPENSES, NET:

     (27,223,497 )      (2,659,519 )      (833,531 )      (4,201,758 )          (34,918,305 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

NET INCOME (LOSS) (MOR-1)

   $ (32,699,588 )    $ (4,623,978 )    $ (6,425,282 )    $ (22,150,243 )        $ (65,899,091 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

Accrual Accounting Required, Otherwise Footnote with Explanation.

 

MOR-6    Revised 07/01/98

 

Case 12-36187    Document 1093    Filed in TXSB on 12/20/12    Page 7 of 11

 

CASE NAME:  

ATP Oil & Gas Corporation

   
CASE NUMBER:  

12-36187

   

 

CASH RECEIPTS AND DISBURSEMENTS

   MONTH
8/17/12 to 8/31/12		     MONTH
9/30/2012		     MONTH
10/31/2012		     MONTH
11/30/2012		     MONTH   MONTH   FILING TO
DATE		  

1. CASH-BEGINNING OF MONTH

   $ 6,119,734      $ 47,144,872      $ 54,512,686      $ 39,600,277          $ 6,119,734   

RECEIPTS:

              

1. COLLECTION OF NET REVENUE ACCOUNTS RECEIVABLE

     21,003,439        34,319,343        29,583,979        31,906,235            116,812,996   

2. COLLECTION OF JOINT INTEREST ACCOUNTS RECEIVABLE

     —          681,206        383,486        75,705            1,140,397   

3. OTHER OPERATING RECEIPTS (MOR-7B)

     —          310,803        115,223        653,805            1,079,831   

4. FINANCING RECEIPTS (MOR-7B)

     406,338,823        40,091,939        42,508,352        6,946,412            495,885,526   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

TOTAL RECEIPTS**

     427,342,262        75,403,291        72,591,040        39,582,157            614,918,750   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

(Withdrawal) Contribution by Individual Debtor MFR-2*

              

DISBURSEMENTS:

              

5. TERM-LIMITED ORRI

     940,089        2,991,609        1,766,390        3,838,613            9,536,701   

6. TERM-LIMITED NPI

     —          12,645,837        21,087,710        16,535,724            50,269,271   

7. DERIVATIVE SETTLEMENTS PAID (RECEIVED)

     2,141,118        30,879        90,352        (4,387 )          2,257,962   

8. LEASE OPERATING COSTS

     —          1,702,508        10,662,317        3,560,882            15,925,707   

9. GOMEZ PIPELINE OBLIGATION

     830,833        877,160        1,026,951        898,828            3,633,772   

10. TITAN FEE

     5,500,000        10,000,000        5,000,000        5,000,000            25,500,000   

11. ATPIP FEES

     1,571,182        1,571,682        1,518,682        1,571,682            6,233,228   

12. GENERAL & ADMINISTRATIVE (MOR-7B)

     437,500        2,264,864        2,129,975        1,650,573            6,482,912   

13. OTHER OPERATING DISBURSEMENTS (MOR-7B)

     —          —          —          —              —     
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

TOTAL DISBURSEMENTS FROM OPERATIONS

     11,420,722        32,084,539        43,282,377        33,051,915            119,839,553   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

14. CAPEX CASH DISBURSMENTS (MOR-7B)

     —          34,933,676        38,100,489        14,214,751            87,248,916   

15. BANKRUPTCY & PROFESSIONAL FEES (MOR-7B)

     620,479        572,818        1,311,798        5,432,032            7,937,127   

16. FINANCING PAYMENTS - PRINCIPAL AND INTEREST (MOR-7B)

     374,275,923        444,444        4,808,785        4,715,568            384,244,720   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

TOTAL DISBURSEMENTS**

     386,317,124        68,035,477        87,503,449        57,414,266            599,270,316   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

  

 

 

  

17. NET CASH FLOW

     41,025,138        7,367,814        (14,912,409 )      (17,832,109 )          15,648,434   

18. CASH - END OF MONTH (MOR-2)

   $ 47,144,872      $ 54,512,686      $ 39,600,277      $ 21,768,168          $ 21,768,168   

 

MOR-7A  

*       Applies to Individual debtors only

**     Numbers for the current month should balance (match) RECEIPTS and CHECKS/OTHER DISBURSEMENTS lines on
MOR-8

    Revised 07/01/98

 

Case 12-36187    Document 1093    Filed in TXSB on 12/20/12    Page 8 of 11

 

CASE NAME:  

ATP Oil & Gas Corporation

   
CASE NUMBER:  

12-36187

   

 

CASH RECEIPTS AND DISBURSEMENTS DETAIL

   MONTH
8/17/12 to 8/31/12		     MONTH
9/30/2012		     MONTH
10/31/2012		     MONTH
11/30/2012		     MONTH   MONTH   FILING TO
DATE		  

OTHER OPERATING RECEIPTS (Line 3)

              

Miscellaneous

   $ —        $ 310,803      $ 115,223      $ 653,805          $ 1,079,831   

GENERAL & ADMINISTRATIVE (Line 12)

              

Compensation

     352,523        1,235,511        1,008,815        907,731            3,504,580   

Rent

     —          55,812        110,518        —              166,330   

Office and general costs

     —          89,235        82,965        11,151            183,351   

Travel related

     —          26,191        20,791        10,447            57,429   

D&O

     82,413        81,233        97,420        20,502            281,568   

Other costs

     2,564        776,882        809,466        700,742            2,289,654   

GENERAL & ADMINISTRATIVE TOTAL

     437,500        2,264,864        2,129,975        1,650,573            6,482,912   

OTHER OPERATING DISBURSEMENTS (Line 13)

     —          —          —          —              —     

CAPEX CASH DISBURSMENTS (Line 14)

              

Maintenance/Other

     —          —          27,985        —              27,985   

Clipper project

     —          34,933,676        37,895,335        13,391,177            86,220,188   

Gomez #9 project

     —          —          —          —              —     

Plugging and abandonment of oil and gas properties

     —          —          177,169        823,574            1,000,743   

CAPEX CASH DISBURSMENTS TOTAL

     —          34,933,676        38,100,489        14,214,751            87,248,916   

FINANCING PAYMENTS - PRINCIPAL AND INTEREST (Line 16)

              

1st lien principal and interest

     367,338,823        —          —          —              367,338,823   

New facility principal and interest

     6,937,100        444,444        4,808,785        4,715,568            16,905,897   

FINANCING PAYMENTS - PRINCIPAL AND INTEREST TOTAL

     374,275,923        444,444        4,808,785        4,715,568            384,244,720   

FINANCING RECEIPTS (Line 4)

              

New facility proceeds

   $ 406,338,823      $ 40,091,939      $ 42,508,352      $ 6,946,412          $ 495,885,526   

 

MOR-7B   

 

Case 12-36187    Document 1093    Filed in TXSB on 12/20/12    Page 9 of 11

 

CASE NAME:  

ATP Oil & Gas Corporation

   
CASE NUMBER:  

12-36187

   

CASH ACCOUNT RECONCILIATION MONTH OF         11/30/2012        

 

BANK NAME   JPMorgan Chase     JPMorgan Chase     JPMorgan Chase     JPMorgan Chase     JPMorgan Chase     Green Bank        
ACCOUNT NUMBER   113334321     1000027441     6300050955     58902066488     113400841     3300247239        

ACCOUNT TYPE

   Operating     Deposit     Controlled Disbursement     Cafeteria Plan     Other     Payroll     TOTAL  

BANK BALANCE

   $ 27,267,821      $ —        $ —        $ 27,655      $  —        $ 258,097      $ 27,553,573   

DEPOSITS IN TRANSIT

     —          —          —          —          —          —          —     

OUTSTANDING CHECKS

     —          —          5,785,405        —          —          —          5,785,405   

ADJUSTED BANK BALANCE

   $ 27,267,821      $ —        $ (5,785,405 )    $ 27,655      $ —        $ 258,097      $ 21,768,168   

BEGINNING CASH - PER BOOKS

   $ 45,858,385      $ —        $ (6,506,562 )    $ 31,748      $ —        $ 216,706      $ 39,600,277   

RECEIPTS*

     38,923,965        658,192        —          —          —          —          39,582,157   

TRANSFERS BETWEEN ACCOUNTS

     (9,828,993 )      (658,192 )      9,587,185        —          —          900,000        —     

(WITHDRAWAL) OR CONTRIBUTION BY INDIVIDUAL DEBTOR MFR-2

     —          —          —          —          —          —          —     

CHECKS/OTHER DISBURSEMENTS*

     47,685,536        —          8,866,028        4,093        —          858,609        57,414,266   

ENDING CASH - PER BOOKS

   $ 27,267,821      $ —        $ (5,785,405 )    $ 27,655      $ —        $ 258,097      $ 21,768,168   

 

MOR-8  

*  Numbers should balance (match) TOTAL RECEIPTS and TOTAL DISBURSEMENTS lines on MOR-7A

    Revised 07/01/98

 

Case 12-36187    Document 1093    Filed in TXSB on 12/20/12    Page 10 of 11

 

CASE NAME:  

ATP Oil & Gas Corporation

   
CASE NUMBER:  

12-36187

   

PAYMENTS TO INSIDERS AND PROFESSIONALS

Of the total disbursements shown for the month, list the amount paid to insiders (as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the professionals.

Also, for insiders, identify the type of compensation paid (e.g., salary, commission, bonus, etc.) (Attach additional pages as necessary).

 

INSIDERS: NAME/COMP TYPE

   MONTH
8/17/12 to 8/31/12		     MONTH
9/30/2012		     MONTH
10/31/2012		     MONTH
11/30/2012		     MONTH   MONTH

1. T. Paul Bulmahn (salary)

   $ 17,767      $ 36,197      $ 36,798      $ 36,798       

2. Leland E. Tate (salary)

     14,634        29,267        29,267        29,267       

3. Albert L. Reese Jr. (salary)

     11,577        23,154        24,863        24,863       

4. George R. Morris (salary)

     11,848        23,741        25,554        25,554       

5. John E. Tschirhart (salary)

     8,731        17,463        18,455        18,455       

6. Keith R. Godwin (salary)

     11,302        22,604        24,257        24,257       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

TOTAL INSIDERS (MOR-1)

   $ 75,859      $ 152,426      $ 159,194      $ 159,194       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

 

PROFESSIONALS

   MONTH
8/17/12 to 8/31/12		     MONTH
9/30/2012		     MONTH
10/31/2012		     MONTH
11/30/2012		     MONTH   MONTH

Debtor Professionals (MOR-9B)

   $ —        $ —        $ —        $ 4,169,875       

DIP Lender Professionals (MOR-9B)

     620,479        572,818        1,281,798        1,262,157       

US Trustee (MOR-9B)

     —          —          30,000        —         
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

TOTAL PROFESSIONALS (MOR-1)

   $ 620,479      $ 572,818      $ 1,311,798      $ 5,432,032       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

 

MOR-9A   Revised 07/01/98

 

Case 12-36187    Document 1093    Filed in TXSB on 12/20/12    Page 11 of 11

 

CASE NAME:  

ATP Oil & Gas Corporation

   
CASE NUMBER:  

12-36187

   

PAYMENTS TO PROFESSIONALS

 

PROFESSIONALS

   MONTH
8/17/12 to 8/31/12		     MONTH
9/30/2012		     MONTH
10/31/2012		     MONTH
11/30/2012		     MONTH   MONTH

DEBTOR PROFESSIONALS

            

Debtor Legal Advisors

            

1 Mayer Brown, LLP

   $ —        $ —        $ —        $ 2,084,621       

2 Munsch, Hardt, Kopf & Harr, PC

     —          —          —          10,668       

Debtor Financial Advisors

            

3 Jefferies & Company, Inc.

     —          —          —          1,093,148       

4 Opportune, LLP

     —          —          —          534,924       

Debtor Other

            

5 Kurtzman Carson Consultants, LLC

     —          —          —          446,514       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

TOTAL DEBTOR PROFESSIONALS (MOR-9A):

     —          —          —          4,169,875       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

DIP LENDER PROFESSIONALS

            

DIP Legal Advisors

            

6 Bingham McCutchen LLP

     620,479        —          429,209        669,528       

7 Cravath, Swaine & Moore LLP

     —          572,818        —          —         

8 Winstead PC

     —          —          317,303        304,440       

DIP Financial Advisors

            

9 Houlihan Lokey

     —          —          535,286        164,133       

DIP Other

            

10 Netherland Sewell & Associates, Inc.

     —          —          —          40,540       

11 Arthur C. Leblanc, Jr

     —          —          —          83,516       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

TOTAL DIP PROFESSIONALS (MOR-9A):

     620,479        572,818        1,281,798        1,262,157       
 

 

 

    

 

 

    

 

 

    

 

 

    

 

  

 

12 US Trustee Payment Center (MOR-9A)

   $ —        $ —        $ 30,000      $ —         

 

MOR-9B   Revised 07/01/98