W&T Offshore Signs Definitive Agreement to Sell Non-Core Asset
W&T Offshore, Inc. (WTI)
Last w&t offshore, inc. earnings: 3/4 04:45 pm
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Source: PR Newswire
HOUSTON, Sept. 25, 2018 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) today announced that it has entered into a definitive purchase and sale agreement to divest its ownership in overriding royalty interests in the Permian Basin for $56.8 million. The transaction, subject to customary closing conditions and adjustments, is expected to close on or before October 1, 2018.The Company also announced that it has successfully drilled an exploration well from the South Timbalier 311 platform that is part of the Ewing Bank 910 field. The ST 320 A-2 exploratory well has reached total depth and is being prepared for completion. The Company logged approximately 163 feet of net hydrocarbon, which exceeds pre-drill estimates. W&T expects to have the well on production via existing infrastructure before year-end 2018. Following the completion of the ST 320 A-2 well, the rig will spud the ST 320 A-3 well, another low-risk exploration opportunity in the Ewing Bank 910 field. Stratigraphic infor
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News
- W&T Offshore, Inc. (NYSE: WTI) had its price target raised by analysts at Stifel Nicolaus from $7.50 to $7.80. They now have a "buy" rating on the stock.MarketBeat
- An Intrinsic Calculation For W&T Offshore, Inc. (NYSE:WTI) Suggests It's 36% Undervalued [Yahoo! Finance]Yahoo! Finance
- W&T Announces Addition to its Board of DirectorsGlobeNewswire
- W&T (WTI) Up 5.7% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Can W&T Offshore, Inc. (NYSE:WTI) Maintain Its Strong Returns? [Yahoo! Finance]Yahoo! Finance
WTI
Earnings
- 3/5/24 - Miss
WTI
Analyst Actions
- 4/23/24 - Stifel
WTI
Sec Filings
- 4/16/24 - Form 3
- 4/11/24 - Form 8-K
- 3/28/24 - Form 8-K
- WTI's page on the SEC website