W&T Offshore, Inc. (WTI) - NYSE
  • Sep. 18, 2012, 4:23 PM

    W&T Offshore (WTI) agrees to acquire all of Newfield Exploration's (NFX) Gulf of Mexico properties for ~$228M, in a deal marking NFX's exit from the Gulf. The transaction includes 78 federal offshore lease blocks; 12 are currently producing. During July, average production from the properties was ~8,350 boe/day, 37% oil and ~75% from the deepwater.

    | Sep. 18, 2012, 4:23 PM
Company Description
W&T Offshore, Inc. is an oil and natural gas producing company which is engaged in the acquisition, exploitation, and development of oil and natural gas properties primarily in the Gulf of Mexico and onshore in the Permian Basin of West Texas. The company also has offshore leases across the... More
Industry: Oil & Gas Drilling & Exploration
Country: India