NGP Capital Resources Co., the Houston-based fund that invests in energy producers, said that it expects its monthly royalty payments from ATP Oil & Gas Corp. will not be interrupted if ATP files for bankruptcy protection, Bloomberg News reported yesterday. The "overriding royalty interests" NGP owns are shares of proceeds from the sale of oil and natural gas in two of ATP's Gulf of Mexico oilfields. The royalties would be treated as production payments in bankruptcy court, and as such wouldn’t be halted, Scott Biar, NGP's chief financial officer, said yesterday. ATP is arranging $600 million in debtor-in-possession financing from Credit Suisse Group AG ahead of a possible bankruptcy filing.
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