One-Page Deal Sheet
W&T Offshore Acquires Permian Acreage
W&T Offshore Inc. Not Disclosed
Announced Date
May 11,2011
Effective Date
January 01,2011
Close Date
May 11,2011
Transaction Type
Property
Enterprise Value (EV)($MM)
366
Asset/Basin:
{"Permian Basin"}
TargetZones:
{Spraberry,Dean,Wolf
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Martin ,Dawson ,Andrews
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
W&T Offshore, Inc. announced that it has completed the purchase of approximately 21,900 gross leasehold acres (21,500 net acres) in the West Texas Permian Basin from private sellers, with an effective date of January 1, 2011. The announced purchase price of $366 million is subject to customary post-effective adjustments.
At January 1, 2011, estimates of the acquired proved reserves were approximately 27 million barrel equivalents (164 Bcfe) and estimates of probable reserves were approximately 26 million barrel equivalents (154 Bcfe) (both using a 6 to 1 Mcf to barrel equivalency). The proved…
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