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Share Name | Share Symbol | Market | Type |
---|---|---|---|
W and T Offshore Inc | NYSE:WTI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.05 | 2.19% | 2.33 | 2.35 | 2.27 | 2.30 | 1,825,458 | 21:04:44 |
Lease Sale 257
W&T was the apparent high bidder in the most recent Gulf of Mexico lease sale on two shallow water blocks, Eugene Island South Addition block 385 and Ship Shoal South Addition block 360. These two blocks cover a total of approximately 10,000 gross acres. If awarded, the Company will pay approximately $295,000 in total for the awarded leases combined, which reflect a 100% working interest in the acreage. The blocks have a lease term of five years and a 12.5% royalty. Despite submitting the apparent high bid on these leases, the BOEM reserves the right not to award the blocks based on their minimum bidding criteria. W&T expects to receive the final award results over the next 90 days.
Investor Conferences
W&T will be participating at the following upcoming investor events:
About W&T Offshore
W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico and has grown through acquisitions, exploration and development. The Company currently has working interests in 41 producing fields in federal and state waters and has under lease approximately 611,000 gross acres, including approximately 424,000 gross acres on the Gulf of Mexico Shelf and approximately 187,000 gross acres in the Gulf of Mexico deepwater. A majority of the Company’s daily production is derived from wells it operates. For more information on W&T, please visit the Company’s website at www.wtoffshore.com.
CONTACT: | Al Petrie | Brent Collins | |
Investor Relations Coordinator | Director of Investor Relations | ||
apetrie@wtoffshore.com | bcollins1@wtoffshore.com | ||
713-297-8024 | 713-624-7364 |
1 Year W and T Offshore Chart |
1 Month W and T Offshore Chart |
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