W&T Paying $450M For Shell's Stakes In Gulf Of Mexico Fields

W&T Offshore Inc. (WTI) said it has bought or plans to buy interests in six offshore fields located in the Gulf of Mexico from Royal Dutch Shell PLC (RDSA, RDSA.LN) for about $450 million.The independent oil and natural-gas company also will assume about $50 million of asset-retirement obligations associated with the properties it is acquiring. Both dollar figures are subject to change.
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Source: The Wall Street Jounal