March 12, 2018 / 10:43 AM / 5 months ago

BRIEF-W&T Offshore Was Successful Bidder To Acquire An Interest In The Heidelberg Field In The Gulf Of Mexico

March 12 (Reuters) - W&T Offshore Inc:

* W&T OFFSHORE WAS SUCCESSFUL BIDDER TO ACQUIRE AN INTEREST IN THE HEIDELBERG FIELD IN THE GULF OF MEXICO

* W&T OFFSHORE INC - ‍W&T'S BID WAS FOR $31.1 MILLION CASH​

* W&T OFFSHORE - SUCCESSFUL BID COVERS ALL OF COBALT'S INTEREST IN HEIDELBERG FIELD, INCLUDING 9.375% WORKING INTEREST IN EACH OF GREEN CANYON 859, 903, 904

* W&T OFFSHORE INC - HEIDELBERG FIELD IS OPERATED BY ANADARKO PETROLEUM CORPORATION

* W&T OFFSHORE - ‍SUCCESSFUL BID COVERS OF COBALT'S INTEREST IN HEIDELBERG FIELD, INCLUDING 9.375% WORKING INTEREST IN EACH OF GREEN CANYON 859, 903, AND 904​

* W&T OFFSHORE - FEB'S GROSS PRODUCTION FROM HEIDELBERG FIELD WAS 33,513 BARRELS OF OIL PER DAY AND 16,705 MCF PER DAY OR 36,300 BOE PER DAY

* W&T OFFSHORE - COBALT INTERNATIONAL'S FEB PRODUCTION FROM HEIDELBERG FIELD, NET TO ITS INTEREST, WAS 2,749 BARRELS OF OIL PER DAY & 1.4 MMCF PER DAY

* W&T OFFSHORE INC SAYS "TRANSACTION MEETS AN ADDITIONAL OBJECTIVE OF BEING ACCRETIVE TO W&T ON A FLOWING BARREL OF PRODUCTION" Source text for Eikon: Further company coverage:

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