W&T Announces $450M Senior Notes Offering

W&T Offshore, Inc. is offering approximately $450 million of its senior notes due 2014. The proceeds of the offering will be used to reduce outstanding indebtedness under W&T's existing credit agreement.

Founded in 1983, W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico, including exploration in the deepwater and deep shelf regions, where it has developed significant technical expertise. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over 200 fields in federal and state waters and a majority of its daily production is derived from wells it operates.


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