secwatch.observer — SEC 8-K summary
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Issuer:     W&T OFFSHORE INC (WTI)
CIK:        0001288403
Form:       8-K
Filed at:   2023-09-21T23:59:59+00:00
Accession:  0001104659-23-102568
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

W&T Offshore completes $32M acquisition of 8 Gulf of Mexico producing assets
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- Gross consideration $32M, using cash on hand; effective date June 1, 2023.
- Estimated production ~2,400 boe/d (42% oil); high average working interest ~72%.
- Adds 3.2 mmboe proved developed reserves (49% oil); 2P reserves 5.1 mmboe.
- Accretive purchase price multiple of ~1.0x LTM cash flow and ~$13,500 per boe/d.
- Assets are in shallow water depths 25–265 ft within W&T's existing area of operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288403/000110465923102568/0001104659-23-102568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288403/000110465923102568/tm2326619d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-102568

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