9 May 2012quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $235.9 million and net income of $3.2 million for the period ended 2012-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 Mar 2012securities registration● Neutral
W&T OFFSHORE INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
24 Feb 2012quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $261.9 million and net income of $46.1 million for the period ended 2011-12-31.
8 Feb 2012substantial holder notice● Neutral
Parnassus Investments reported a W&T OFFSHORE INC shareholding of 3,840,000 shares (5.15% of votes) in a periodic institutional filing.
6 Feb 2012quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $261.9 million and net income of $46.1 million for the period ended 2011-12-31.
12 Dec 2011securities registration● Neutral
W&T OFFSHORE INC filed the final prospectus for a registered offering.
4 Nov 2011debt financing● Neutral
W&T registered its $600 million 8.5% notes due 2019 (issued in June 2011) with the SEC so holders could exchange the privately-placed notes for freely tradable registered ones - a routine compliance step required by the notes' registration rights agreement, not a merger.
3 Nov 2011quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $245.4 million and net income of $52.9 million for the period ended 2011-09-30.
1 Nov 2011quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $245.4 million and net income of $52.9 million for the period ended 2011-09-30.
4 Aug 2011quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $252.9 million and net income of $55.2 million for the period ended 2011-06-30.
3 Aug 2011quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $252.9 million and net income of $55.2 million for the period ended 2011-06-30.
15 June 2011debt financing▲ GoodMajor
About 90% ($406 million) of W&T's 8.25% notes due 2014 were tendered and repurchased using proceeds from the new 2019 notes, and a supplemental indenture stripped most restrictive covenants from the remaining 2014 notes.
8 June 2011material agreement● NeutralMajor
W&T priced $600 million of new 8.5% senior notes due 2019, with proceeds earmarked to tender for its existing 8.25% notes due 2014 and repay revolver borrowings used for the Permian Basin deal.
13 May 2011asset acquisition disposition▲ GoodMajor
W&T closed its Permian Basin purchase from Opal Resources for $377.8 million, acquiring about 27 million barrels of oil equivalent in proved reserves and roughly 2,950 boe/d of production, marking its entry into the play.
6 May 2011debt financing▲ Good
W&T replaced its credit agreement with a new $900 million revolving facility (initial $525 million borrowing base, rising to $575 million once the Shell acquisition closed), on largely similar terms to the prior facility.
29 Apr 2011material agreement▲ GoodMajor
W&T agreed to buy roughly 21,900 gross acres of Permian Basin (West Texas) leasehold from private sellers for $366.3 million, its first major move outside the Gulf of Mexico.
27 Apr 2011quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $210.9 million and net income of $18.6 million for the period ended 2011-03-31.
26 Apr 2011quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $210.9 million and net income of $18.6 million for the period ended 2011-03-31.
8 Feb 2011substantial holder notice● Neutral
Parnassus Investments disclosed a new substantial W&T OFFSHORE INC shareholding (6.07% of votes).
14 Dec 2010asset acquisition disposition▼ BadMajor
The Shell Offshore deal shrank: BP exercised its preferential purchase right on the Marlin and Dorado fields, so W&T ended up paying about $121.9 million (versus the ~$395 million originally announced) for the remaining Tahoe, SE Tahoe and Droshky interests.
9 Nov 2010asset acquisition disposition▲ GoodMajor
W&T agreed to pay Shell Offshore $395 million for interests in five deepwater Gulf of Mexico fields (Tahoe, SE Tahoe, Marlin, Dorado, Droshky) plus a letter of intent for a sixth shelf field for $55 million more, funded with cash and revolver borrowings.
5 Nov 2010quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $169.6 million and net income of $27.2 million for the period ended 2010-09-30.
2 Nov 2010quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $169.6 million and net income of $27.2 million for the period ended 2010-09-30.
4 Aug 2010quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $179.7 million and net income of $27.9 million for the period ended 2010-06-30.
3 Aug 2010quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $179.7 million and net income of $27.9 million for the period ended 2010-06-30.
5 May 2010quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $169.6 million and net income of $42.3 million for the period ended 2010-03-31.
4 May 2010quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $169.6 million and net income of $42.3 million for the period ended 2010-03-31.
3 May 2010asset acquisition disposition▲ GoodMajor
W&T closed its purchase of Total's Matterhorn and Virgo field interests for $117.5 million net cash, adding an estimated 11.6 million barrels of oil equivalent in reserves.
8 Apr 2010material agreement▲ GoodMajor
W&T agreed to buy Total E&P USA's interests in three Gulf of Mexico blocks (Matterhorn and Virgo fields) for $150 million, expected to close in Q2 2010.
10 Feb 2010substantial holder notice● Neutral
Parnassus Investments disclosed a new substantial W&T OFFSHORE INC shareholding (5.91% of votes).