One-Page Deal Sheet
W&T Acquires Gulf Assets From Callon
W&T Offshore Inc. Callon Petroleum Co.
Announced Date
October 17,2013
Effective Date
July 01,2013
Close Date
November 05,2013
Transaction Type
Corporate
Enterprise Value (EV)($MM)
100
Location
Region
Gulf of Mexico
Country
United States
State
Texas
Play
Production & Reserves Reserves
Transaction Details: Subscribe to see
W&T Offshore, Inc. announced today that it has entered into an agreement with Callon Petroleum Operating Company to acquire substantially all of Callon's exploration and production properties in the Gulf of Mexico.
The transaction includes a 15% working interest in the Medusa field (deepwater Mississippi Canyon blocks 538 and 582), a 10% membership interest in Medusa Spar LLC (which owns a 75% interest in the Medusa field's production facilities) and various interests in 12 non-operated Gulf of Mexico fields. The purchase price is $100 million (subject to customary post-effective date…
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