W&T Offshore
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The operator was the successful bidder on former shallow-water assets of Cox Oil, Energy XXI, and others. -
The $32-million deal nets producer proved reserves of 3.2 million BOE.
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Operator purchases outstanding interest in shallow water producing properties
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The deal adds 5.5 million BOE of proved and probable reserves.
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The deal consists of stakes in nine shallow-water producing fields covering 108,000 gross acres in 10–50 m of water.
