W&T Offshore announces sale of non-core gulf o Mexico shelf asset W&T Offshore announces that it has sold all of its working interest in West Delta 29 block located on the shelf of the Gulf of Mexico to EPL Oil & Gas. for $21.8M with an effective date of January 1, 2013, subject to post-Effective Date adjustments. The sale of this non-core asset does not alter our previously issued production or expense guidance.
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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.