W&T Offshore Incorporated
Virtual Investment Symposium Member Information
| W&T Offshore Inc. Nine Greenway Plaza, Suite 300 Houston, TX 77046 713-626-8525 |
W&T Offshore is an independent oil and natural gas acquisition, exploitation and exploration company. We are focused primarily in the Gulf of Mexico area, where we have developed significant technical expertise and where the high production rates associated with hydrocarbon deposits have historically provided us the best opportunity to achieve a rapid payback on our invested capital.
We own working interests in approximately 200 fields in federal and state waters, and have interests in leases covering approximately 2 billion acres. Our proved reserves at December 31, 2006 were 735 Bcfe, with a pre-tax PV-10 of $2.4 billion (excluding plug and abandonment cost). Of those, 65% were proved developed reserves and 55% were natural gas reserves.
Latest W&T Offshore News
W&T Offshore to issue $250M private placement to fund GOM acquisitionW&T Offshore Inc. is in the process of issuing $250 million of 8.5% senior notes due 2019 via a private placement to repay debt and partially fund a recent Gulf of Mexico asset acquisition. |
W&T Offshore to acquire Gulf of Mexico blocks from NewfieldW&T Offshore, Inc. (NYSE: WTI) said September 18 that it has entered into an agreement with Newfield Exploration Company and its subsidiary, Newfield Exploration Gulf Coast LLC, to acquire all of Newfield’s exploration and production properties in the Gulf of Mexico. |
W&T Offshore gets increase in borrowing base under revolving credit facilityW&T Offshore Inc. said October 24 that it has received an increase in the borrowing base under its revolving credit facility from $537.5 million to $575 million. |
BHP Billiton-Petrohawk deal is month's largest
Australia's BHP Billiton Ltd. said July 14 that it will buy Houston-based Petrohawk Energy Corp. for US$12.1 billion in an all-cash offer and will also assume about $3 billion in Petrohawk's debt, bringing the total value to about US$15.1 million.
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Crew acquires Caltex; WestFire and Orion merge
Two of the largest energy M&A deals of the 30-day period between mid-April and mid-May were corporate acquisitions by Canadian companies.
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W&T Offshore launches private offering of senior notesW&T Offshore Inc. has launched a private offering of $600 million aggregate principal amount of senior notes due 2019. |
Industry Briefs |
W&T Offshore goes onshore with Permian Basin acquisitionW&T Offshore Inc. has made a move onshore with an agreement to acquire 21,500 net acres in the West Texas Permian Basin for $366 million from private sellers. |
