OilVoice - W&T Offshore is Apparent High Bidder on Four Gulf of Mexico Blocks

W&T Offshore is Apparent High Bidder on Four Gulf of Mexico Blocks

Saturday, March 21, 2009

W&T Offshore, Inc. announces that it was the apparent high bidder on four Outer Continental Shelf (OCS) blocks in the Central Gulf of Mexico Lease Sale 208 held on March 18, 2009 by the U.S. Minerals Management Service (MMS). The four apparent high bids were on Ship Shoal Block 360, Ship Shoal Block 367, South Timbalier Block 304 and Main Pass Block 284, all on the conventional shelf. Three of the four blocks are near existing infrastructure. W&T Offshore's investment on the high bids will be approximately $0.7 million, which reflects a 100% working interest. High bids are subject to MMS review and acceptance.

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