Offshore staff
HOUSTON – W&T Offshore Inc. has acquired shallow-water Gulf of Mexico assets from ANKOR E&P Holdings Corp. and KOA Energy LP.
The Ship Shoal 230, South Marsh Island 27/Vermilion 191, and South Marsh Island 73 fields are in the central Gulf of Mexico.
The company paid about $30.2 million to the sellers.
Key highlights of the transaction are:
• Adds internally-estimated proved reserves of 5.5 MMboe (69% oil) and proved and probable, or 2P, reserves of 7.6 MMboe (75% oil) as of July 1, 2021 assuming strip pricing as of Dec. 7, 2021
• Estimated production of approximately 3.4 MBoe per day (74% oil)
• Adds more than 50 gross producing wells (average working interest of 80%) across three shallow-water fields.
02/02/2022
