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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

W&T Offshore Acquires Offshore Blocks From Total E&P USA

W&T Offshore Inc. Total SA
AnnouncedApr 8, 2010
TypeProperty
Announced Date
April 08,2010
Effective Date
January 01,2010
Close Date
April 30,2010
Transaction Type
Property
Enterprise Value (EV)($MM)
150




Snapshot
Asset/Basin:
{"Gulf of Mexico (Deepwater)"}
Location
Region
Gulf of Mexico

Country
United States

State
Texas


Transaction Details:  Subscribe to see

W&T Offshore, Inc. announced today that on April 7, 2010 it entered into an agreement with Total E&P USA, Inc. to acquire Total's interest in three federal offshore blocks located in the Gulf of Mexico, being Mississippi Canyon Block 243 ("Matterhorn") and Viosca Knoll Blocks 822 and 823 ("Virgo"). The transaction is expected to close within the second quarter of 2010, subject to customary closing conditions. The effective date of the sale is January 1, 2010. The acquisition will be funded from W&T's available cash on hand and/or revolving credit facility.

The Matterhorn field, located in a…

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