One-Page Deal Sheet
W&T Picks Up Stake in Anadarko-Operated GOM Property
W&T Offshore Inc. Cobalt International Energy, Inc.
Announced Date
March 13,2018
Effective Date
January 01,2018
Close Date
April 05,2018
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
31
Asset/Basin:
{"Gulf of Mexico"}
Location
Calculated Metrics( EV/Category)
Region
Gulf of Mexico
Country
United States
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
W&T Offshore has acquired (via successful bid) three blocks in the Heidelberg field in the GOM for $31.1 million in cash.
The assets were offered in connection with Cobalt International Energy and its bankruptcy proceedings (Cobalt filed for bankruptcy in mid-December 2017).
W&T acquired 9.375% working interest in each of Green Canyon 859, 903, and 904. The Heidelberg Field is operated by Anadarko Petroleum Corporation.
Asset Details:- Production from the acquired portion was ~3,000 BOEPD from 5 wells (2,749 BOPD / 1.4 MMcf/d) in February 2018
The field logged total February production of…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-15-2024 |
-  |
- |
Click here | Louisiana | E&P |
| Sep-22-2022 |
- |
- |
Click here | E&P | |
| May-25-2022 |
- |
- |
Click here | E&P | |
| Apr-05-2022 |
- |
- |
Click here | Gulf of Mexico | E&P |
| Jan-10-2022 |
- |
- |
Click here | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jan-15-2024 | Talos Acquires QuarterNorth Energy For $1.2 Billion | - |
- |
| Sep-22-2022 | Talos to Acquire GOM-Focused EnVen Energy for $1.1 Billion Cash/Stock | - |
- |
| Jan-10-2022 | W&T Acquires GOM Assets, Operatorship for $30.2MM in Cash | - |
- |