secwatch.observer — SEC 8-K summary
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Issuer:     W&T OFFSHORE INC (WTI)
CIK:        0001288403
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001104659-23-126389
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288403/000110465923126389/0001104659-23-126389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288403/000110465923126389/tm2332939d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-126389

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