W&T Offshore, Inc. (WTI) - Oil & Gas - Deals and Alliances Profile

 Published On: Aug, 2017 |    No of Pages: 76 |  Published By: GlobalData | Format: PDF
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Summary

W&T Offshore, Inc. (W&T Offshore) is an independent oil and natural gas company. It carries out acquisition, exploitation, development and exploration of oil and natural gas assets both onshore and offshore in the Gulf of Mexico. The company acquires rights to explore and develop new prospects and operate existing oil and natural gas properties in the deepwater, conventional shelf and the deep shelf. It owns working interest in producing fields in federal and state waters, and has interests in offshore leasehold acreage spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama. Its major fields include Ship Shoal 349, Fairway, Mississippi Canyon 243, Viosca Knoll 783, Mississippi Canyon 782, Main Pass 108, Brazos A133, Ewing Bank 910, Mississippi Canyon 698 and Viosca Knoll 823, among others. The company derives majority of its daily production from wells it operates. W&T Offshore is headquartered at Houston, Texas, the US.

W&T Offshore, Inc. (WTI) - Oil & Gas - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Oil & Gas eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company's (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company's operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents
Table of Contents 3
List of Tables 5
List of Figures 5
W&T Offshore, Inc., Oil & Gas, Deals By Year, 2011 to YTD 2017 6
W&T Offshore, Inc., Oil & Gas Deals By Type, 2011 to YTD 2017 7
W&T Offshore, Inc., Oil & Gas, Deals By Region, 2011 to YTD 2017 8
W&T Offshore, Inc., Oil & Gas, Deals By Sector, 2011 to YTD 2017 9
W&T Offshore, Inc., Oil & Gas, Deals Summary, 2011 to YTD 2017 10
W&T Offshore, Inc., Oil & Gas, Deal Details 11
Asset Purchase 11
W&T Offshore Acquires Remaining 35.7% Interest In Fairway Field And Yellowhammer Gas Plant For US$18.2 Million 11
W&T Offshore Acquires Oil And Gas Properties In Gulf of Mexico From Woodside Energy For US$51 Million 12
W&T Offshore Completes Acquisition Of Oil And Gas Properties In Gulf Of Mexico From Callon Petroleum For US$88 Million 13
W&T Offshore Acquires 20% Interset In Dantzler Prospect In Gulf of Mexico From Noble Energy 15
W&T Offshore Completes Acquisition Of Offshore Properties In Gulf of Mexico From Newfield Exploration For US$208 Million 16
W&T Offshore Acquires 64.3% Interests In Fairway Field And Associated Yellowhammer Gas Processing Plant From Shell Offshore 18
W&T Offshore Acquires Oil And Gas Assets In Permian Basin 20
Debt Offering 22
W&T Offshore Completes Private Placement Of 8.5% Notes Due 2019 For US$300 Million 22
W&T Offshore Completes Private Placement Of 8.5% Senior Notes Due 2019 For US$600 Million 24
Asset Transactions 25
Ajax Resources Completes Acquisition Of 100% Interest In Yellow Rose Field In Texas From W&T Offshore For US$376.1 Million 25
W&T Offshore Sells Interest In West Delta 29 Block In Gulf of Mexico To EPL Oil & Gas For US$21.8 Million 27
Whistler Energy II Acquires Green Canyon 18 & 60 Blocks And GC 18 Production Platform In US Gulf of Mexico From ExxonMobil's Affiliate And W&T Offshore 28
W&T Offshore Plans To Sell Oil And Gas Assets In Gulf of Mexico 30
Energy Partners Acquires Remaining 40% Interest In South Timbalier 41 In The Gulf Of Mexico From W&T Offshore For US$32.4 Million 31
W&T Offshore, Inc. - Key Competitors 32
W&T Offshore, Inc. - Key Employees 33
W&T Offshore, Inc. - Locations And Subsidiaries 34
Head Office 34
Other Locations & Subsidiaries 34
Recent Developments 35
Drilling and Production Updates 35
Feb 03, 2017: W&T Offshore Announces Year-End 2016 Proved Reserves, Production For 2016, An Update On The A-18 Well At Mahogany And An Extension Of The Appeal With IBLA Regarding BOEM Orders 35
Jan 26, 2017: W&T Offshore Announces Initial Production From Ship Shoal 349 "Mahogany Field" A-18 Well 37
Financial Announcements 38
Aug 03, 2017: W&T Offshore Announces Second Quarter 2017 Operational And Financial Results 38
May 03, 2017: W&T Offshore Announces First Quarter 2017 Operational And Financial Results 43
Mar 01, 2017: W&T Offshore Announces Fourth Quarter 2016 Operational And Financial Results And 2017 Annual Meeting Of Shareholders On May 3, 2017 47
Nov 02, 2016: W&T Offshore Announces Third Quarter 2016 Operational And Financial Results Along With Fourth Quarter And Full Year 2016 Production And Expense Guidance 50
Aug 04, 2016: W&T Offshore Announces Second Quarter 2016 Operations And Financial Results Along With Third Quarter And Full Year 2016 Production And Expense Guidance 55
May 04, 2016: W&T Offshore Announces First Quarter 2016 Financial Results, Operations Update And Second Quarter And Full Year 2016 Guidance 59
Mar 08, 2016: W&T Offshore Announces Fourth Quarter 2015 Financial Results, Year-End 2015 Proved Reserves, Operations Update And 2016 Guidance And Reduced Capital Plan 62
Other Significant Developments 66
Jun 01, 2017: W&T Offshore Receives Final Trial Court Judgment In Lawsuit 66
Apr 20, 2017: W&T Offshore announces management changes 67
Apr 18, 2017: W&T Offshore announces retirement of vice president, general counsel and secretary 68
Jan 24, 2017: W&T Offshore Announces 2017 Capital Budget And Provides Production And Expense Guidance For 2017 69
Jan 05, 2017: W&T Offshore discovers deeper productive reservoirs at Mahogany field in US 71
Mar 24, 2016: W&T Offshore Announces Decrease In Borrowing Base Under Revolving Bank Credit Facility 73
Feb 26, 2016: W&T Offshore Provides Business Update 74
New Contracts Announcements 75
Jul 24, 2017: W&T Offshore: Rig Contracted To Drill ST 224 Prospect In Q4 2017 75
Appendix 76
Methodology 76
About GlobalData 76
Contact Us 76
Disclaimer 76

List of Tables
W&T Offshore, Inc., Oil & Gas, Key Facts, 2016 2
W&T Offshore, Inc., Oil & Gas, Deals Summary, 2011 to YTD 2017 2
W&T Offshore, Inc., Oil & Gas, Deals By Year, 2011 to YTD 2017 6
W&T Offshore, Inc., Oil & Gas Deals By Type, 2011 to YTD 2017 7
W&T Offshore, Inc., Oil & Gas, Deals By Region, 2011 to YTD 2017 8
W&T Offshore, Inc., Deals By Sector, 2011 to YTD 2017 9
W&T Offshore, Inc., Oil & Gas, Deals Summary, 2011 to YTD 2017 10
W&T Offshore Acquires Remaining 35.7% Interest In Fairway Field And Yellowhammer Gas Plant For US$18.2 Million 11
W&T Offshore Acquires Oil And Gas Properties In Gulf of Mexico From Woodside Energy For US$51 Million 12
W&T Offshore Completes Acquisition Of Oil And Gas Properties In Gulf Of Mexico From Callon Petroleum For US$88 Million 13
W&T Offshore Acquires 20% Interset In Dantzler Prospect In Gulf of Mexico From Noble Energy 15
W&T Offshore Completes Acquisition Of Offshore Properties In Gulf of Mexico From Newfield Exploration For US$208 Million 16
W&T Offshore Acquires 64.3% Interests In Fairway Field And Associated Yellowhammer Gas Processing Plant From Shell Offshore 18
W&T Offshore Acquires Oil And Gas Assets In Permian Basin 20
W&T Offshore Completes Private Placement Of 8.5% Notes Due 2019 For US$300 Million 22
W&T Offshore Completes Private Placement Of 8.5% Senior Notes Due 2019 For US$600 Million 24
Ajax Resources Completes Acquisition Of 100% Interest In Yellow Rose Field In Texas From W&T Offshore For US$376.1 Million 25
W&T Offshore Sells Interest In West Delta 29 Block In Gulf of Mexico To EPL Oil & Gas For US$21.8 Million 27
Whistler Energy II Acquires Green Canyon 18 & 60 Blocks And GC 18 Production Platform In US Gulf of Mexico From ExxonMobil's Affiliate And W&T Offshore 28
W&T Offshore Plans To Sell Oil And Gas Assets In Gulf of Mexico 30
Energy Partners Acquires Remaining 40% Interest In South Timbalier 41 In The Gulf Of Mexico From W&T Offshore For US$32.4 Million 31
W&T Offshore, Inc., Key Competitors 32
W&T Offshore, Inc., Key Employees 33
W&T Offshore, Inc., Other Locations 34
W&T Offshore, Inc., Subsidiaries 34

List of Figures
W&T Offshore, Inc., Oil & Gas, Deals by Type, 2011 to YTD 2017 2
W&T Offshore, Inc., Oil & Gas, Deals By Year, 2011 to YTD 2017 2
W&T Offshore, Inc., Oil & Gas, Deals By Region, 2011 to YTD 2017 2
W&T Offshore, Inc., Oil & Gas, Deals By Sector, 2011 to YTD 2017 2
W&T Offshore, Inc., Oil & Gas, Deals By Year, 2011 to YTD 2017 6
W&T Offshore, Inc., Oil & Gas, Deals by Type, 2011 to YTD 2017 7
W&T Offshore, Inc., Oil & Gas, Deals By Region, 2011 to YTD 2017 8
W&T Offshore, Inc., Oil & Gas, Deals by Sector, 2011 to YTD 2017 9


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