The company acquires and develops off shore properties in the Gulf of Mexico and North Sea with proven but as yet undeveloped oil and gas reserves, called PUD in the industry.

ATP set a new world record for the Longest Subsea Oil Tieback at its Ladybug wells in Garden Banks Block 409 in the Gulf of Mexico.

[6] In 2006, on behalf of its employees, the company placed the largest single non-fleet order for overseas delivery in the Volvo carmaker's history.

The challenge was that if the goals were met, every employee regardless of rank or job description would receive a new 2006 Volvo S60 sedan and a trip to Sweden to take delivery of the car.

Additionally, George R. Morris, previously the Vice President, Acquisitions, assumed the role of ATP Chief Operating Officer.