W&T Offshore Inc WTI

Energy Oil & Gas E&P

W&T Offshore, Inc. is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. It has a working interest in over 53 offshore producing fields in federal and state waters (which include 44 fields in federal waters and nine in state waters). The Company has under lease approximately 597,100 gross acres (440,000 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 435,600 gross acres on the conventional shelf, approximately 153,500 gross acres in the deepwater and 8,000 gross acres in Alabama onshore. The Company's wholly owned subsidiaries consists of Aquasition Energy, LLC, Aquasition, LLC, Aquasition II, LLC, Aquasition III, LLC, Aquasition IV, LLC, Aquasition V, LLC, Green Hell, LLC, Seaquester, LLC, Seaquestration, LLC, and W & T Energy VI, LLC.

NYSE:WTI - Post by User

W&T Offshore Inc > W&T’s bargain purchase, about 70K boed for $88.5 mill

<< Previous

Bullboard Posts

Next >>

Post by phoenix_traderon Oct 01, 2023 7:59pm

164 Views

Post# 35664300

W&T’s bargain purchase, about 70K boed for $88.5 mill

Document 833 at the Kroll Cox bankrupcy site sows the winning bids at the auction.

W&T had winning bids for about 90% of the producing assets.

An absolute bargain purchase which could be followed in early 2024 by the the planned Holy Grail well drilled from a rig on 100% owned Magnolia platform.

Expect a PR early tomorrow giving more details.

GOM production normally receives Brent pricing.

<< Previous

Bullboard Posts

Next >>

How a junior advances one of the largest undeveloped diamond projects