W&T Offshore Provides Update Regarding Its Acquisition of Offshore Fields From Shell Offshore

W&T Offshore, Inc. announced today that Shell Offshore Inc. has informed W&T that BP Exploration & Production Inc., the operator of the Gulf of Mexico deepwater blocks Viosca Knoll 871 & 915, known as the Marlin and Dorado Fields, has elected to exercise its preferential rights to purchase Shell's interest in the fields. As a result, the Marlin and Dorado Fields will not be included in W&T's recently announced acquisition from Shell.
[Read more]
Source: Press release