Gulf of Mexico driller W&T Offshore, Inc. (ticker: WTI) has agreed to divest its ownership in overriding royalty interests in the Permian Basin for $56.8 million.  WTI said and it expects to close the Permian transaction on or before October 1.

W&T Offshore also has successfully drilled an exploration well from the South Timbalier 311 platform that is part of the Ewing Bank 910 field.  The ST 320 A-2 exploratory well has reached total depth and is being prepared for completion. The Company logged approximately 163 feet of net hydroca...


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