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January 14, 2014
07:10 EDTWTIW&T Offshore files petition with the EPA SDO
W&T Offshore provided updates on the progress with U.S. Government regulators concerning certain aspects of its operations on federal oil and gas leases in the Gulf of Mexico. As previously disclosed, on November 19, 2013, W&T received a Notice of Suspension and Proposed Debarment and a Notice of Clean Water Act Listing from the U.S. Environmental Protection Agency's Suspension and Debarment Official, or EPA SDO. W&T has filed a petition and related documents with the EPA SDO, which we believe demonstrates that W&T is a responsible operator in the Gulf of Mexico and urges that the debarment be immediately lifted as not necessary to protect the Government's interests. The timing and ultimate result of these efforts, however, cannot be predicted at this time but we are hopeful that such matters can be resolved in the near term.
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