Table of Contents
Table of Contents 3
List of Tables 5
List of Figures 5
W&T Offshore Inc, Oil & Gas, Deals By Year, 2012 to YTD 2018 6
W&T Offshore Inc, Oil & Gas Deals By Type, 2012 to YTD 2018 7
W&T Offshore Inc, Oil & Gas, Deals By Region, 2012 to YTD 2018 8
W&T Offshore Inc, Oil & Gas, Deals By Sector, 2012 to YTD 2018 9
W&T Offshore Inc, Oil & Gas, Deals Summary, 2012 to YTD 2018 10
W&T Offshore Inc, Oil & Gas, Deal Details 11
Asset Purchase 11
Cobalt International Completes Sale Of 9.375% Interest In Green Canyon Blocks In Gulf of Mexico To W&T Offshore For US$31.1 Million 11
W&T Offshore Acquires Remaining 60% Stake In Ewing Bank 910 Block In Louisiana From Petrobras America 13
W&T Offshore Acquires Remaining 35.7% Interest In Fairway Field And Yellowhammer Gas Plant For US$18.2 Million 14
W&T Offshore Acquires Oil And Gas Properties In Gulf of Mexico From Woodside Energy For US$51 Million 15
W&T Offshore Completes Acquisition Of Oil And Gas Properties In Gulf Of Mexico From Callon Petroleum For US$88 Million 16
W&T Offshore Acquires 20% Interset In Dantzler Prospect In Gulf of Mexico From Noble Energy 18
W&T Offshore Completes Acquisition Of Offshore Properties In Gulf of Mexico From Newfield Exploration For US$208 Million 19
Equity Offering 21
W&T Offshore Announces Private Placement Of Shares For US$361 Million 21
Debt Offering 22
W&T Offshore Completes Private Placement Of 9.75% Senior Notes, Due 2023 For US$625 Million 22
W&T Offshore Completes Private Placement Of 8.5% Notes Due 2019 For US$300 Million 23
Asset Transactions 25
Ajax Resources Completes Acquisition Of 100% Interest In Yellow Rose Field In Texas From W&T Offshore For US$376.1 Million 25
W&T Offshore Sells Interest In West Delta 29 Block In Gulf of Mexico To EPL Oil & Gas For US$21.8 Million 27
Whistler Energy II Acquires Green Canyon 18 & 60 Blocks And GC 18 Production Platform In US Gulf of Mexico From ExxonMobil’s Affiliate And W&T Offshore 28
W&T Offshore Plans To Sell Oil And Gas Assets In Gulf of Mexico 29
Energy Partners Acquires Remaining 40% Interest In South Timbalier 41 In The Gulf Of Mexico From W&T Offshore For US$32.4 Million 30
Acquisition 31
W&T Offshore Completes Sale Of Overriding Royalty Interest In Non-Core Oil And Gas Asset In Texas For US$56.8 Million 31
W&T Offshore Inc – Key Competitors 32
W&T Offshore Inc – Key Employees 33
W&T Offshore Inc – Locations And Subsidiaries 34
Head Office 34
Other Locations & Subsidiaries 34
Recent Developments 35
Strategy and Business Expansion 35
Apr 30, 2018: W&T Offshore And Baker Hughes Announce Strategic Partnership For Joint Exploration & Development Program Of 14 Drilling Projects In Gulf Of Mexico 35
Mar 12, 2018: W&T Offshore Announces Gulf Of Mexico Joint Exploration And Development Program With Investor Group 36
Drilling and Production Updates 37
Dec 15, 2017: Otto Energy posts ST 224 exploration well drilling update 37
Nov 29, 2017: Otto Energy: Drilling At St 224 Progressing As Planned – Nearing Target 38
Oct 20, 2017: Otto Energy Commences Drilling At ST 224 39
Oct 05, 2017: Otto Energy: ST 224 Exploration Drilling To Commence Mid-October 40
Feb 03, 2017: W&T Offshore Announces Year-End 2016 Proved Reserves, Production For 2016, An Update On The A-18 Well At Mahogany And An Extension Of The Appeal With IBLA Regarding BOEM Orders 41
Jan 26, 2017: W&T Offshore Announces Initial Production From Ship Shoal 349 “Mahogany Field” A-18 Well 43
Financial Announcements 44
Aug 01, 2018: W&T Offshore announces second quarter 2018 operational and financial results and third quarter 2018 guidance 44
May 02, 2018: W&T Offshore Announces First Quarter 2018 Operational And Financial Results 48
Feb 28, 2018: W&T Offshore Announces Fourth Quarter 2017 Operational And Financial Results, Year-End 2017 Proved Reserves, 2018 Guidance And 2018 Capital Plan 52
Nov 01, 2017: W&T Offshore Announces Third Quarter 2017 Operational And Financial Results 57
Aug 03, 2017: W&T Offshore Announces Second Quarter 2017 Operational And Financial Results 61
May 03, 2017: W&T Offshore Announces First Quarter 2017 Operational And Financial Results 66
Mar 01, 2017: W&T Offshore Announces Fourth Quarter 2016 Operational And Financial Results And 2017 Annual Meeting Of Shareholders On May 3, 2017 70
Other Significant Developments 73
Sep 25, 2018: W&T Offshore signs definitive agreement to sell non-core asset 73
Aug 13, 2018: W&T Offshore announces retirement of J. Daniel Gibbons, Chief Financial Officer 74
Jul 20, 2018: W&T Offshore Announces Promotion Of William Williford To Vice President 75
Dec 21, 2017: W&T Offshore announces operations update 76
Dec 15, 2017: Otto Energy: ST 224 1 Well Result 77
Oct 16, 2017: Otto Energy Announces Quarterly Report For Three Months Ended 30 September 2017 78
Sep 06, 2017: W&T Offshore W&T Provides Update On Operations Following Hurricane Harvey 82
Jun 01, 2017: W&T Offshore Receives Final Trial Court Judgment In Lawsuit 83
Apr 20, 2017: W&T Offshore announces management changes 84
Apr 18, 2017: W&T Offshore announces retirement of vice president, general counsel and secretary 85
Jan 24, 2017: W&T Offshore Announces 2017 Capital Budget And Provides Production And Expense Guidance For 2017 86
Jan 05, 2017: W&T Offshore discovers deeper productive reservoirs at Mahogany field in US 87
New Contracts Announcements 88
Jul 24, 2017: W&T Offshore: Rig Contracted To Drill ST 224 Prospect In Q4 2017 88
Appendix 89
Methodology 89
About GlobalData 89
Contact Us 89
Disclaimer 89
W&T Offshore Inc, Oil & Gas, Key Facts, 2017 2
W&T Offshore Inc, Oil & Gas, Deals Summary, 2012 to YTD 2018 2
W&T Offshore Inc, Oil & Gas, Deals By Year, 2012 to YTD 2018 6
W&T Offshore Inc, Oil & Gas Deals By Type, 2012 to YTD 2018 7
W&T Offshore Inc, Oil & Gas, Deals By Region, 2012 to YTD 2018 8
W&T Offshore Inc, Deals By Sector, 2012 to YTD 2018 9
W&T Offshore Inc, Oil & Gas, Deals Summary, 2012 to YTD 2018 10
Cobalt International Completes Sale Of 9.375% Interest In Green Canyon Blocks In Gulf of Mexico To W&T Offshore For US$31.1 Million 11
W&T Offshore Acquires Remaining 60% Stake In Ewing Bank 910 Block In Louisiana From Petrobras America 13
W&T Offshore Acquires Remaining 35.7% Interest In Fairway Field And Yellowhammer Gas Plant For US$18.2 Million 14
W&T Offshore Acquires Oil And Gas Properties In Gulf of Mexico From Woodside Energy For US$51 Million 15
W&T Offshore Completes Acquisition Of Oil And Gas Properties In Gulf Of Mexico From Callon Petroleum For US$88 Million 16
W&T Offshore Acquires 20% Interset In Dantzler Prospect In Gulf of Mexico From Noble Energy 18
W&T Offshore Completes Acquisition Of Offshore Properties In Gulf of Mexico From Newfield Exploration For US$208 Million 19
W&T Offshore Announces Private Placement Of Shares For US$361 Million 21
W&T Offshore Completes Private Placement Of 9.75% Senior Notes, Due 2023 For US$625 Million 22
W&T Offshore Completes Private Placement Of 8.5% Notes Due 2019 For US$300 Million 23
Ajax Resources Completes Acquisition Of 100% Interest In Yellow Rose Field In Texas From W&T Offshore For US$376.1 Million 25
W&T Offshore Sells Interest In West Delta 29 Block In Gulf of Mexico To EPL Oil & Gas For US$21.8 Million 27
Whistler Energy II Acquires Green Canyon 18 & 60 Blocks And GC 18 Production Platform In US Gulf of Mexico From ExxonMobil’s Affiliate And W&T Offshore 28
W&T Offshore Plans To Sell Oil And Gas Assets In Gulf of Mexico 29
Energy Partners Acquires Remaining 40% Interest In South Timbalier 41 In The Gulf Of Mexico From W&T Offshore For US$32.4 Million 30
W&T Offshore Completes Sale Of Overriding Royalty Interest In Non-Core Oil And Gas Asset In Texas For US$56.8 Million 31
W&T Offshore Inc, Key Competitors 32
W&T Offshore Inc, Key Employees 33
W&T Offshore Inc, Subsidiaries 34
List of Figures
W&T Offshore Inc, Oil & Gas, Deals by Type, 2012 to YTD 2018 2
W&T Offshore Inc, Oil & Gas, Deals By Year, 2012 to YTD 2018 2
W&T Offshore Inc, Oil & Gas, Deals By Region, 2012 to YTD 2018 2
W&T Offshore Inc, Oil & Gas, Deals By Sector, 2012 to YTD 2018 2
W&T Offshore Inc, Oil & Gas, Deals By Year, 2012 to YTD 2018 6
W&T Offshore Inc, Oil & Gas, Deals by Type, 2012 to YTD 2018 7
W&T Offshore Inc, Oil & Gas, Deals By Region, 2012 to YTD 2018 8
W&T Offshore Inc, Oil & Gas, Deals by Sector, 2012 to YTD 2018 9