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.

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W&T Offshore Inc

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Post by phoenix_traderon Oct 01, 2023 3:46pm

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Post# 35664097

W&T Offshore NYSE WTI wins Bankruptcy auction $88.5 mill bid

See WTI's 8K SEC filing.

Cox Operating said 600 GOM shallow wells produce 85K boed.

Kroll Bankruptcy operator said August/23 revenue was $106 mill.

This will triple WTI's production to about 130K boed with total net debt under $500 mill.

Cheapest oil buy ever, BIG PR before market opens.

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