W&T Offshore Eyes Future Acquisitions Following Mobile Bay Transaction
Transaction Type
Sellers
Buyers
Basin
US Gulf Of Mexico
Announce Date
Post Date
Close Date
Estimated Price
$215.0MM
Description
Transferred 100% of its Mobile Bay area assets and related gas treatment facilities located offshore Alabama in the eastern U.S. Gulf of Mexico to special purpose vehicles wholly owned by W&T in exchange for a first-lien non-recourse term loan.