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SES - W&T Offshore Highlights - December 19, 2019

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W&T Offshore acquired ConocoPhillips’ operated 75% WI in Magnolia field in Garden Banks 783 and 784 for $20 million. It is gaining October net production of 2,300 boe/d (82% oil) and proved reserves of 4.1 MMboe (67% oil, 5% NGLs; 73% PDP). Besides the cash price, W&T will assume all abandonment obligations associated with the assets; as of November 2017, gross undiscounted liabilities were estimated at $35.8......
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