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Independent Oil and Gas News Headlines

• ATP Announces Deepwater Development Update and Fourth Quarter and Annual 2009 Results (Business Wire)
  HOUSTON----ATP Oil & Gas Corporation today issued its annual 2009 results, a 376% reserve replacement ratio, and announced that its major deepwater Gulf of Mexico development, the Telemark Hub, is on schedule for first production later this month.
• Apco Reports Net Income for 2009 (PR Newswire)
  Apco Oil and Gas International Inc. today announced that it generated net income attributable to Apco of $23.5 million in 2009, or $0.80 per share, compared with net income of $23.8 million, or $0.81 per share in 2008.
• Isramco, Inc. Reports Fourth Quarter Results (PR Newswire)
  Isramco, Inc. reported today revenues for the fourth quarter ended December 31, 2009 of $9,508,000 compared to revenues of $7,728,000 for the fourth quarter a year ago. The company reported net loss of  $5,337,000, or per share, for the fourth quarter of 2009 compared to a net income of $8,573,000, or $3.15 per share, for the same quarter a year earlier.
• [$$] Devon Energized (at Barrons.com)
  Devon Energized The oil-and-gas-exploration company's $7 billion agreement to sell its deepwater assets to BP should benefit investors.
• [$$] BP Sambas Up with Devon Deal (at The Wall Street Journal Online)
  
• GMX Resources Inc. Announces Restatement of Year End 2008 and Quarterly 2009 Earnings, Reports Fourth Quarter and Full Year 2009 Financial and Operating Results and Declares Quarterly Cash Dividend on Its 9.25% Series B Cumulative Preferred (GlobeNewswire)
  OKLAHOMA CITY -- GMX Resources Inc., today announces restatement of year end 2008 and quarterly 2009 earnings, reports financial and operating results for the quarter and year ended December 31, 2009, and declares quarterly cash dividend on its 9.25% Series B Cumulative Preferred Stock.
• [$$] Exxon Output Gains Pose Risks to Margin (at The Wall Street Journal Online)
  
• Provident Announces 2009 Annual and Fourth Quarter Results, 2009 Reserves Information and March Cash Distribution (Marketwire)
  
• Stocks climb for 3rd day as financial shares rise (AP)
  A rally in financial stocks Thursday helped the market extend its grind higher to a third day. The Standard & Poor's 500 index cleared an important hurdle watched by traders when it closed just above its January peak to set a new 17-month high.
• Martin Midstream Partners L.P. Receives Favorable Private Letter Ruling From Internal Revenue Service on Marine Time Charters (GlobeNewswire)