Current WTI Stock Info

WTI Deals Permian Position for $376 Million to Private Equity Firm
W&T Offshore (ticker: WTI), a Houston-based exploration and production company, has increased its focus on assets… offshore. On September 1, 2015, WTI divested the majority of its position in the Permian Basin to Ajax Resources, LLC, for gross pre-tax proceeds of $376.1 million. WTI retains an overriding royalty interest in the field of 1% to 4%.

The buyer, Ajax Resources, is backed financially by Kelso & Company and was established for the sole purpose of acquiring ...


Legal Notice