W&T Offshore closed an acquisition of oil-and-gas-producing properties in US GOM from ANKOR E&P and KOA Energy. The operator paid $30.2 million for stakes in the Ship Shoal 230, South Marsh Island 27/Vermilion 191, and South Marsh Island 73 fields. The deal adds (internally estimated) proved reserves of 5.5 million BOE (69% oil) and proved and probable, or 2P, reserves of 7.6 million BOE (75% oil). The deal also adds more than 50 gross producing wells (average working interest of 80%) across the three shallow-water fields.
W&T Offshore Acquires US GOM Producing Properties
The deal adds 5.5 million BOE of proved and probable reserves.
