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Vol. 11, No. 6 Week of February 05, 2006
Providing coverage of Alaska and northern Canada's oil and gas industry


Kerr-McGee sheds Gulf shelf assets

Small independent W&T Offshore pays $1.3 billion for about 500 wells producing 25,000 boe per day, sees 95 prospects

Allen Baker

For Petroleum News

Kerr-McGee has essentially completed its corporate realignment with the sale of its Gulf of Mexico shelf properties for $1.34 billion in cash, plus assumption of abandonment liabilities, figured at roughly $135 million. Buyer is small independent W&T Offshore, which just went public last year. “The....

    [additional news subjects in this story]

Net proved reserves 74% gas

W&T now has 500 wells


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