W&T Offshore announces special cash dividend of 32c per share W&T Offshore announced that its Board of Directors declared a special cash dividend of 32c per share, payable to the holders of the corporation's common shares. The special dividend will be payable on December 28 to shareholders of record on December 24. This is the second special cash dividend declared for 2012 and brings the total cash dividends declared for 2012 to $1.11 per share, an increase of 32c per share over the 79c per share declared and paid in 2011.
News For WTI From The Last 14 Days
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W&T Offshore announces sub-salt discovery at Dantzler prospect Wireline logging data indicates approximately 120 feet of net pay in two high-quality Miocene reservoirs which are primarily crude oil. W&T Offshore holds a 20% working interest in this well, which is operated by Noble Energy. The Dantzler discovery is located roughly 12 miles west of W&T's previous discoveries at Big Bend and Troubadour in the Mississippi Canyon 698 and 699 blocks. The operator has provided discovered gross resource estimates at Dantzler of between 55 and 95 million barrels of oil equivalent.
W&T Offshore receives govenment regulatory notices on Gulf of Mexico W&T Offshore has recently received notices from U.S. Government regulators that could affect certain aspects of its operations on Federal oil and gas leases in the Gulf of Mexico. The company believes these regulatory actions are undeserved and do not reflect the degree of financial and operational responsibility and current record of compliance that the company has demonstrated in its Gulf of Mexico operations and is taking actions to quickly resolve these matters.