---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-105343"
form_type: "8-K"
ticker: "WTI"
cik: "0001288403"
company_name: "W&T OFFSHORE INC"
filed_at: "2023-09-29T23:59:59+00:00"
generated_at: "2026-06-10T06:49:02.879119+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# W&T Offshore to acquire Gulf of Mexico assets from Cox Oil for $88.5M in bankruptcy sale

## Summary
- Gross purchase price of $88.5M in cash, subject to customary adjustments for revenues, expenses, cure costs and unpaid royalties.
- Assets include Eugene Island 24, 64, Main Pass 61, Mobile Bay 904, 916, West Delta 73 (Group A) and South Pass 49 (Group B) fields.
- Seller is in Chapter 11 bankruptcy; closing conditioned on Bankruptcy Court approval and must occur by October 13, 2023.
- Effective dates: July 1, 2023 for Group A assets and May 1, 2023 for Group B assets.

## SEC filing metadata
- accession: 0001104659-23-105343
- form_type: 8-K
- ticker: WTI
- cik: 0001288403
- company_name: W&T OFFSHORE INC
- filed_at: 2023-09-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1288403/000110465923105343/0001104659-23-105343-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1288403/000110465923105343/tm2327132d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-105343
- JSON: https://secwatch.observer/filing/0001104659-23-105343.json
- Plain text: https://secwatch.observer/filing/0001104659-23-105343.txt

## Key facts
- Material Agreements
  W&T OFFSHORE INC entered into Purchase Agreement with Cox Oil Offshore, L.L.C., Energy XXI GOM, LLC, EPL Oil & Gas, LLC, MLCJR LLC, Cox Operating L.L.C., Energy XXI Gulf Coast, LLC and M21K, LLC (collectively, Seller) valued at $88.5 million (effective 2023-09-26).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Cox Oil Offshore, L.L.C., Energy XXI GOM, LLC, EPL Oil & Gas, LLC, MLCJR LLC, Cox Operating L.L.C., Energy XXI Gulf Coast, LLC and M21K, LLC (collectively, Seller)
  - Value: $88.5 million
  - Effective: 2023-09-26
  source text: On September 26, 2023, W&T Offshore Inc. (the “Company”), as buyer, entered into a definitive purchase and sale agreement (the “Purchase Agreement”) with Cox Oil Offshore, L.L.C., Energy XXI GOM, LLC, EPL Oil & Gas, LLC, MLCJR LLC, Cox Operating L.L.C., Energy XXI Gulf Coast, LLC and M21K, LLC (collectively, “Seller”), providing for an acquisition by the Company of all of Seller’s right, title and interest in and to certain leases, wells and personal property in the central shelf region of the Gulf of Mexico
  evidence_url: https://www.sec.gov/Archives/edgar/data/1288403/000110465923105343/0001104659-23-105343-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.