One-Page Deal Sheet
W&T Offshore Sells Permian Asset For $376 Million
Ajax Resources LLC W&T Offshore Inc.
Announced Date
September 01,2015
Effective Date
January 01,2015
Close Date
October 15,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
376
Asset/Basin:
{Permian}
TargetZones:
{Spraberry,Wolfcamp,
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Andrews ,Martin ,Gaines ,Dawson
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Closing Announcement - October 15, 2015
W&T Offshore, Inc. announced that it has closed the previously announced sale of all of its interest in its Yellow Rose field in the Permian Basin of West Texas to Ajax Resources, LLC.
Gross pre-tax proceeds from the transaction are $376.1 million, subject to customary closing adjustments, with an effective date of January 1, 2015. W&T also reserved an overriding royalty interest ("ORRI") based on a sliding scale of one to four percent that is benchmarked to the monthly oil price in the field.
The value of the ORRI will increase with increases in oil…
Permian Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-02-2026 |
-  |
- |
Click here | Texas | E&P |
| Nov-03-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-30-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-27-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-04-2024 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-12-2024 | Diamondback To Acquire Endeavor Energy In $26 Billion Transaction | - |
- |
| Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - |
- |
| Dec-15-2023 | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | - |
- |