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W&T Offshore Expands Horizontal Drilling in Wolfcamp B
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W&T Offshore, Inc. has reported second quarter 2014 financial and operational results.
Highlights: In August 2014, the U.S. Environmental Protection Agency (EPA) lifted the suspension and proposed debarment, and removed the statutory disqualification, previously imposed on W&T Offshore, Inc by the EPA. Increasing the 2014 capital expenditure budget by $185 million to $635 million which includes, among other things, three additional deepwater wells and acquisitions already completed. Our wholly-owned subsidiary, W & T Energy VI, LLC, completed the acquisition of exploration and production properties in the deepwater of the Gulf of Mexico from Woodside Energy (USA) Inc., which included a 20% non-operated working interest in the producing Neptune Field (Atwater Valley blocks 574, 575 and…- ✓ Full news archive — U.S., Canada & international coverage
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