$W&T Offshore (WTI.US)$ W&T Offshore Announces Closing of $350 Million Senior Second Lien Notes Offering And Additional Strengthening of Balance Sheet Wednesday, 29th January at 6:45 am HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) ("W&T Offshore" or the "Company") today announced the closing, on January 28, 2025, of its previously announced offering of $350 million in aggregate principal amount of 10.750% Senior Second Lien Notes due 2029 (the "Notes") at par in a...
$W&T Offshore (WTI.US)$Reuters· 3 mins ago W&T Offshore: To Get $58.5 Mln Cash Insurance Settlement Payment in Jan Related to Casualty Loss Event at Mobile Bay 78-1 Well
$W&T Offshore (WTI.US)$ Texas Oil Company Asks Federal Court to Stop Insurance Companies' $250 Million Demand for Additional Collateral Wednesday, 11th December at 6:41 pm Amended lawsuit alleges price-fixing, collusion, antitrust violations An independent Texas oil and gas producer is striking back against a group of insurance companies, which collectively are seeking $250 million in collateral beyond what the oil company has already contracted for bonds backing its production activities. Th...
Lnova
:
“At the heart of the dispute are rules from the federal Bureau of Ocean Energy Management – BOEM – which require energy producers in the Outer Continental Shelf to provide a bond to pay for well, platform, pipeline and facilities cleanup if the operating company fails to do so. Several years ago, BOEM imposed the idea of requiring small to mid-sized companies such as W&T to provide additional bonds. In over 70 years of producer operations in the Gulf of Mexico, the federal government has never been forced to pay for any abandonment cleanup operations associated with well, platform facility, or pipeline operations.” Tysm for providing this info. I didn’t know about this
W&T Offshore Stock Forum
W&T Offshore Announces Closing of $350 Million Senior Second Lien Notes Offering And Additional Strengthening of Balance Sheet
Wednesday, 29th January at 6:45 am
HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) ("W&T Offshore" or the "Company") today announced the closing, on January 28, 2025, of its previously announced offering of $350 million in aggregate principal amount of 10.750% Senior Second Lien Notes due 2029 (the "Notes") at par in a...
W&T Offshore: To Get $58.5 Mln Cash Insurance Settlement Payment in Jan Related to Casualty Loss Event at Mobile Bay 78-1 Well
Texas Oil Company Asks Federal Court to Stop Insurance Companies' $250 Million Demand for Additional Collateral
Wednesday, 11th December at 6:41 pm
Amended lawsuit alleges price-fixing, collusion, antitrust violations
An independent Texas oil and gas producer is striking back against a group of insurance companies, which collectively are seeking $250 million in collateral beyond what the oil company has already contracted for bonds backing its production activities.
Th...
No comment yet