One-Page Deal Sheet
W&T Acquires GoM Deepwater Property from Woodside
W&T Offshore Inc. Woodside Petroleum Ltd.
Announced Date
May 21,2014
Effective Date
November 01,2013
Close Date
May 20,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
51
Asset/Basin:
{"Gulf of Mexico"}
% Oil:
Proved Reserves
PDP PV-10 ($MM)
PV-10 ($MM)
Location
Calculated Metrics( EV/Category)
Region
Gulf of Mexico
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Residual Metrics Residual Value
Transaction Details: Subscribe to see
W&T Offshore, Inc. has announced that its wholly owned subsidiary, W & T Energy VI, LLC, has completed the acquisition of exploration and production properties in the deepwater of the Gulf of Mexico from Woodside Energy (USA) Inc.
The transaction includes a 20% non-operated working interest in the producing Neptune Field (Atwater Valley blocks 574, 575 and 618 along with an interest in the associated tension leg platform). In addition, Energy VI is acquiring all of Woodside's interest in 24 deepwater exploration blocks.
The purchase price is $51 million (subject to customary post-effective…
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