W&T Offshore, an independent oil and natural gas producer with operations offshore in the Gulf of Mexico, has closed the acquisition of oil- and gas-producing properties from privately held ANKOR E&P Holdings Corp. and KOA Energy.
The properties are located in federal shallow waters in the central region of the Gulf of Mexico at Ship Shoal 230, South Marsh Island 27/Vermilion 191 and South Marsh Island 73 fields.
A cash consideration of $30.2 million was paid to the sellers.
The company first announced the transaction in January, saying it had agreed to pay $47 million in cash for the working interests in and operatorship of the properties.
The transaction adds internally estimated proved reserves of 5.5 million barrels of oil equivalent (69 percent oil) and proved and probable reserves of 7.6 million barrels of oil equivalent (75 percent oil). The cu