W&T Offshore : Termination of Material Agreement - Form 8-K
October 26, 2023 at 09:41 pm
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Item 1.02 Termination of a Material Definitive Agreement.
As previously disclosed, on September 26, 2023, W&T Offshore, Inc. (the "Company"), as buyer, entered into a definitive purchase and sale agreement (the "Purchase Agreement") with Cox Oil Offshore, L.L.C., Energy XXI GOM, LLC, EPL Oil & Gas, LLC, MLCJR LLC, Cox Operating L.L.C., Energy XXI Gulf Coast, LLC and M21K, LLC (collectively, "Seller") to purchase certain assets of the Seller.
On October 20, 2023, the Company terminated the Purchase Agreement pursuant to and in accordance with Section 14.1(l) thereof, which provided that either the Company or the Seller could terminate the Purchase Agreement at any time following 5:00 p.m., Central Time on October 20, 2023.
W&T Offshore Inc. published this content on 26 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 20:40:02 UTC.
W&T Offshore, Inc. is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. It has a working interest in over 53 offshore producing fields in federal and state waters (which include 44 fields in federal waters and nine in state waters). The Company has under lease approximately 597,100 gross acres (440,000 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 435,600 gross acres on the conventional shelf, approximately 153,500 gross acres in the deepwater and 8,000 gross acres in Alabama onshore. The Company's wholly owned subsidiaries consists of Aquasition Energy, LLC, Aquasition, LLC, Aquasition II, LLC, Aquasition III, LLC, Aquasition IV, LLC, Aquasition V, LLC, Green Hell, LLC, Seaquester, LLC, Seaquestration, LLC, and W & T Energy VI, LLC.
W&T OFFSHORE, INC. 
