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Stock Market & Financial Investment News

News Breaks
January 30, 2014
06:19 EDTWTIW&T Offshore initiated with a Neutral at Goldman
Target $16.
News For WTI From The Last 14 Days
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May 28, 2015
16:54 EDTWTIW&T Offshore reports new discovery and provides operational update
W&T Offshore announced a new discovery at Ewing Banks 910 and first production from the SS #6 well at Mississippi Canyon 538 field, both in the deepwater of the Gulf of Mexico. The company logged 160 feet of gross hydrocarbon interval and is currently completing the Ewing Banks 910 A-5 ST well. The company expects recovery from the well to exceed pre-drill estimates and anticipates that the well could be online and flowing by the end of Q2. W&T has a 50% working interest in this well. The recently drilled Medusa SS #6 well has been completed and achieved first production flowing at a gross rate of approximately 8K barrels of oil and 6 MMcf of natural gas for a combined total rate of 9K BOE/d. A second extension well at Medusa, the SS #7 well, is currently being completed. W&T has a 15% working interest in the Medusa field. Progress is being made on the work to bring the Mississippi Canyon 698 "Big Bend" and Mississippi Canyon 782 "Dantzler" fields on line. Production from Big Bend is expected to commence in Q4 and production from Dantzler is now expected to commence near the end of 2015, slightly ahead of prior scheduling. The anticipated combined rate from Big Bend and Dantzler is expected to reach in excess of 8K BOE/d.

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