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W&T Offshore Announces Acquisition Of Callon Petroleum Assets
W&T Offshore, Inc. (NYSE: WTI) announced today that it has entered into an agreement with Callon Petroleum Operating Company ("Callon") to acquire substantially all of Callon's exploration and production properties in the Gulf of Mexico. The transaction includes a 15% working interest in the Medusa field (deepwater Mississippi Canyon blocks 538 and 582), a 10% membership interest in Medusa Spar LLC (which owns a 75% interest in the Medusa field's production facilities) and various interests in 12 non-operated Gulf of Mexico fields.