W&T Offshore - M&A Summary and Business Overview

Oil/gas ExplorationCompany

W&T Offshore M&A Summary

W&T Offshore has acquired 1 company, including 1 in the last 5 years. It has also divested 1 asset.

W&T Offshore’s largest acquisition to date was in 2019, when it acquired ConocoPhillips - Oil-Weighted Producing Property for $20M. It’s largest disclosed sale occurred in 2015, when it sold W&T Offshore - Permian Basin Assets to Ajax Resources for $376M. W&T Offshore has acquired in 1 US state. The Company’s most targeted sectors include oil/gas exploration (100%).

W&T Offshore Business Overview

Where is W&T Offshore headquartered?

W&T Offshore is headquartered in Houston, Texas.

What is W&T Offshore’s revenue?

W&T Offshore disclosed revenue of 558M USD for 2021 and 347M USD for 2020.

How many employees does W&T Offshore have?

W&T Offshore has 303 employees.

What sector is W&T Offshore in?

W&T Offshore is an oil/gas exploration company.

When was W&T Offshore founded?

W&T Offshore was founded in 1983.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

W&T Offshore

W&T Offshore, Inc.

5718 Westheimer Road Suite 700,
Houston, Texas 77057
United States,
(713) 626-8525
www.wtoffshore.com

W&T Offshore is an independent oil and natural gas acquisition, exploitation and exploration services. W&T Offshore was founded in 1983 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $20M $20M
Sell (0.0/yr) # 1 - - - - - 1
vol $376M $376M
  2

Most Recent M&A

Company Date Value Type
ConocoPhillips - Oil-Weighted Producing Property 2019-12-12 20M USD Divestiture
, United States
W&T Offshore - Permian Basin Assets 2015-09-01 376M USD Divestiture
, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 1 (100%) 20M (100%) 1 (100%) 376M (100%)
Total 1 $20M 1 $376M

By Geo

State/Country Buy Value Sell Value
United States 1 20M 1 376M
  Texas - - 1 376M
Total 1 $20M 1 $376M

Deal Values

buy # Total
< $100M 1 $20M
TOTAL $20M
Largest ConocoPhillips - Oil-Weighted Producing Property
$20M (2019-12-12)
sell # Total
$100M to $1B 1 $376M
TOTAL $376M
Largest W&T Offshore - Permian Basin Assets
$376M (2015-09-01)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
1 (100%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

558   61% 2021
347   36% 2020
535   8% 2019
581   20% 2018
487   22% 2017
400   22% 2016
507   47% 2015
949   4% 2014
984   13% 2013
874   2012
(millions of USD) Show More Show Less

Employees

303

Established

1983

Public

NYSE: WTI

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