---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-126389"
form_type: "8-K"
ticker: "WTI"
cik: "0001288403"
company_name: "W&T OFFSHORE INC"
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T11:45:23.260690+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# W&T Offshore agrees to acquire Gulf of Mexico shelf assets for $72M from bankrupt Cox Oil

## Summary
- Acquisition includes interests in Eugene Island 64, Main Pass 61, Mobile Bay 904/916, West Delta 73, and South Pass 49 fields.
- Gross purchase price of $72 million cash; closing conditioned on Bankruptcy Court approval.
- Transaction must close by January 15, 2024, unless extended; seller in Chapter 11 since May 2023.
- Assets also include seller's 100% equity in SP 49 Pipeline LLC.

## SEC filing metadata
- accession: 0001104659-23-126389
- form_type: 8-K
- ticker: WTI
- cik: 0001288403
- company_name: W&T OFFSHORE INC
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1288403/000110465923126389/0001104659-23-126389-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1288403/000110465923126389/tm2332939d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-126389
- JSON: https://secwatch.observer/filing/0001104659-23-126389.json
- Plain text: https://secwatch.observer/filing/0001104659-23-126389.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 valued at $72 million (effective 2023-12-13).
  - 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
  - Value: $72 million
  - Effective: 2023-12-13
  source text: On December 13, 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/1288403/000110465923126389/0001104659-23-126389-index.htm

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