Texas Oil Company Asks Federal Court to Stop Insurance Companies' $250 Million Demand for Additional Collateral [Yahoo! Finance]
W&T Offshore, Inc. (WTI)
Last w&t offshore, inc. earnings: 3/4 04:45 pm
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Source: Yahoo! Finance
HOUSTON, December 11, 2024 BUSINESS WIRE )--An independent Texas oil and gas producer is striking back against a group of insurance companies, which collectively are seeking $250 million in collateral beyond what the oil company has already contracted for bonds backing its production activities. The energy company, Houston-based W&T Offshore, Inc. (NYSE: WTI), is asking a federal judge to declare insurers have colluded to damage the company by jointly demanding additional collateral and premiums. At the heart of the dispute are rules from the federal Bureau of Ocean Energy Management – BOEM – which require energy producers in the Outer Continental Shelf to provide a bond to pay for well, platform, pipeline and facilities cleanup if the operating company fails to do so. Several years ago, BOEM imposed the idea of requiring small to mid-sized companies such as W&T to provide additional bonds. In over 70 years of producer operations in the Gulf of Mexico, the federal government ha
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WTI
News
- W&T Offshore, Inc. (NYSE: WTI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Texas Oil Company Asks Federal Court to Stop Insurance Companies’ $250 Million Demand for Additional CollateralBusiness Wire
- W&T Offshore (NYSE:WTI) Will Pay A Dividend Of $0.01 [Yahoo! Finance]Yahoo! Finance
- W&T Offshore Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- W&T Offshore Inc (WTI) Q3 2024 Earnings Call Highlights: Strong Financial Performance ... [Yahoo! Finance]Yahoo! Finance
WTI
Earnings
- 11/7/24 - Miss
WTI
Sec Filings
- 12/3/24 - Form 4
- 11/21/24 - Form 8-K
- 11/8/24 - Form 10-Q
- WTI's page on the SEC website