W&T Offshore says it is poised to become the largest operator in the Mobile Bay
area of the Gulf of Mexico after agreeing to acquire working interests in nine shallowwater gas-weighted properties offshore Alabama and an onshore treating facility from
ExxonMobil for $200 million in cash. W&T said the deal, announced June 27
and expected to close by Aug. 30, will provide it with significant synergies and
properties anticipated to generate considerable positive free cash slow. The
purchase also......
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