secwatch.observer — SEC 8-K summary
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Issuer:     W&T OFFSHORE INC (WTI)
CIK:        0001288403
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001104659-23-105343
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288403/000110465923105343/0001104659-23-105343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288403/000110465923105343/tm2327132d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-105343

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