One-Page Deal Sheet
W&T Picks Up GOM Assets from ExxonMobil in $200MM Deal
W&T Offshore Inc. ExxonMobil
Announced Date
June 27,2019
Effective Date
January 01,2019
Close Date
September 03,2019
Transaction Type
Property
Enterprise Value (EV)($MM)
168
Location
Calculated Metrics( EV/Category)
Region
Gulf of Mexico
Country
United States
State
Alabama
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
W&T Offshore, Inc. has signed a deal to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the GOM, offshore Alabama, and related onshore processing facilities from ExxonMobil for $167.6 million.
This deal closed on September 3, 2019.
Details: Includes working interests in nine GOM offshore producing fields and an onshore treating facility that are immediately adjacent to existing properties owned and operated by W&T Adds net proved reserves of 74 MMBOE of which 99% are proved developed producing and 22% are liquids as of the effective…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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| Jan-15-2024 | Talos Acquires QuarterNorth Energy For $1.2 Billion | - |
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