secwatch.observer — SEC 8-K summary
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Issuer:     W&T OFFSHORE INC (WTI)
CIK:        0001288403
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0001104659-24-005375
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

W&T Offshore closes $72M acquisition of six GOM fields; adds 18.7 MMBOE proved reserves
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- Acquired six fields for $72M cash; all 100% working interest (avg 82% NRI).
- Estimated production 3,700-5,700 BOEPD (~68% liquids) as of Jan 19, 2024.
- Proved reserves (1P) of 18.7 MMBOE (62% liquids); PV-10 of $250.4M.
- Proved plus probable (2P) of 60.6 MMBOE (78% liquids); PV-10 of $629.2M.
- Plan to defer Holy Grail well, explore Drilling Joint Venture for deepwater wells.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288403/000110465924005375/0001104659-24-005375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288403/000110465924005375/tm243462d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-005375

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