Gulf Oil and Gas accountACCOUNT

W&T Offshore Apparent High Bidder on Two GoM Blocks

Source: www.gulfoilandgas.com 11/24/2020, Location: North America

W&T Offshore, Inc. was the apparent high bidder on two blocks in the Gulf of Mexico Lease Sale 256 held by the Bureau of Ocean Energy Management ("BOEM") on November 18, 2020. W&T will also be participating in two upcoming investor conferences.

Lease Sale 256

W&T was the apparent high bidder in the most recent Gulf of Mexico lease sale on two shallow water blocks, Eugene Island South Addition block 389 and Ewing Banks block 979. These two blocks cover a total of approximately 8,800 acres. If awarded, the Company will pay approximately $518,000 for the awarded leases combined, which reflects a 100% working interest in the acreage. The two shallow water blocks have a five-year lease term and 12.5% royalty. Despite submitting the apparent high bid on these leases, the BOEM reserves the right not to award the blocks based on their minimum bidding criteria. W&T expects to receive the final award results over the next 90 days.

Acquisitions and Divestitures News in United States >>

Brazil >>  12/12/2021 - Petro Rio S.A., in accordance with art. 26 of the Novo Mercado Regulation, and in addition to the Material Fact of November 28, 2019, informs its shar...
Australia >>  1/21/2021 - Report on Activities for the Quarter ended 31 December 2020 The Directors of 88 Energy Limited provide the following report for the quarter ended 31 D...

Brazil >>  1/21/2021 - Petrobras, regarding the news published in the media, about Ultrapar Participações S.A.'s proposal to acquire Refinaria Alberto Pasqualini (REFAP), in...
Norway >>  1/21/2021 - INPEX CORPORATION announced that, through its subsidiary INPEX Norge AS, it has been awarded two licenses, PL 1130 located in the Nyk High area of the...

United Kingdom >>  1/21/2021 - Highlights
- HitecVision/NEO Energy have entered exclusive negotiations to purchase ExxonMobil’s upstream assets in the central and northern Nor...

Australia >>  1/20/2021 - Talon Petroleum has entered into a non-binding term sheet with Macallum Group for the acquisition of a 100% interest in the area covering the large, M...




United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.