W&T Offshore Announces Increase in Prospective Acreage as the Apparent High Bidder on Two Blocks in the Latest Gulf of Mexico Lease Sale
W&T Offshore, Inc. (WTI)
Last w&t offshore, inc. earnings: 3/4 04:45 pm
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Source: GlobeNewswire
HOUSTON, March 23, 2020 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced the Company was the apparent high bidder on two blocks in the Gulf of Mexico Lease Sale 254 held by the Bureau of Ocean Energy Management ("BOEM") on March 18, 2020. W&T was the apparent high bidder on one deepwater block, Garden Banks block 782, and one shallow water block, Eugene Island Area South Addition block 345. Tracy W. Krohn, W&T's Chairman and Chief Executive Officer, commented, “We are pleased to be the apparent high bidder on two new attractive leases in the most recent federal lease sale. We utilized our proprietary seismic to determine the blocks we felt complemented our current acreage. These blocks are not far from existing production infrastructure which allows for more economic development of potential discoveries. While we are investing our cash flow more judiciously in 2020, we believe these blocks are a cost- effective way to increase longer-term
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WTI
Earnings
- 11/7/24 - Miss
WTI
Sec Filings
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 10/25/24 - Form EFFECT
- WTI's page on the SEC website