One-Page Deal Sheet
Conoco Sells GOM Property to W&T in $20MM Deal
W&T Offshore Inc. ConocoPhillips
Announced Date
December 13,2019
Effective Date
October 01,2019
Close Date
December 12,2019
Transaction Type
Property
Enterprise Value (EV)($MM)
20
Asset/Basin:
{"Gulf of Mexico Deepwater"}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Gulf of Mexico
Country
United States
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
W&T Offshore, Inc. has acquired an oil-weighted producing property from ConocoPhillips for $20 million.
The property is comprised of a 75% working interest in and operatorship of the Magnolia Field in the central region of the deepwater Gulf of Mexico, offshore Louisiana, at Garden Banks blocks 783 and 784, including the assumption of all abandonment obligations associated with the properties.
Highlights: Net Proved Reserves: 4.1 MMBOE, of which 73% are proved developed producing and 67% are oil and 5% NGLsAcreage: 11,500 gross acres (8,600 net acres)
Production: 2,300 net Boe per day (82%…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-15-2024 |
-  |
- |
Click here | Louisiana | E&P |
| Sep-22-2022 |
- |
- |
Click here | E&P | |
| May-25-2022 |
- |
- |
Click here | E&P | |
| Apr-05-2022 |
- |
- |
Click here | Gulf of Mexico | E&P |
| Jan-10-2022 |
- |
- |
Click here | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jan-15-2024 | Talos Acquires QuarterNorth Energy For $1.2 Billion | - |
- |
| Sep-22-2022 | Talos to Acquire GOM-Focused EnVen Energy for $1.1 Billion Cash/Stock | - |
- |
| Jan-10-2022 | W&T Acquires GOM Assets, Operatorship for $30.2MM in Cash | - |
- |