W&T Offshore, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
Dec. 31, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 21 — SUBSEQUENT EVENTS On December 13, 2023, the Company entered into a purchase and sale agreement to acquire rights, titles and interest in and to certain leases, wells and personal property in the central shelf region of the Gulf of Mexico, among other assets, for a gross purchase price of $72.0 million, subject to customary purchase price adjustments. The transaction closed on January 16, 2024 for $76.9 million (including closing fees and other transaction costs) and was funded using cash on hand. The Company also assumed the related AROs associated with these assets. The Company is in the process of completing the preliminary purchase price allocation of the assets acquired and the liabilities assumed. On January 26, 2024, the Company entered into a Fourteenth Amendment to the Credit Agreement to extend the maturity date of the Credit Agreement to February 29, 2024. On February 28, 2024, the Company entered into a Fifteenth Amendment to the Credit Agreement to extend the maturity date of the Credit Agreement to March 28, 2024. On March 5, 2024, the board of directors approved a first quarter dividend of $0.01 per share. The Company expects to pay the dividend on March 25, 2024, to stockholders of record as of the close of business on March 18, 2024.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2023

NOTE 21 — SUBSEQUENT EVENTS

On December 13, 2023, the Company entered into a purchase and sale agreement to acquire rights, titles and interest in and to certain leases, wells and personal property in the central shelf region of the Gulf of Mexico, among other assets, for a gross purchase price of $72.0 million, subject to customary purchase price adjustments. The transaction closed on January 16, 2024 for $76.9 million (including closing fees and other transaction costs) and was funded using cash on hand. The Company also assumed the related AROs associated with these assets. The Company is in the process of completing the preliminary purchase price allocation of the assets acquired and the liabilities assumed.

On January 26, 2024, the Company entered into a Fourteenth Amendment to the Credit Agreement to extend the maturity date of the Credit Agreement to February 29, 2024.

On February 28, 2024, the Company entered into a Fifteenth Amendment to the Credit Agreement to extend the maturity date of the Credit Agreement to March 28, 2024.

On March 5, 2024, the board of directors approved a first quarter dividend of $0.01 per share. The Company expects to pay the dividend on March 25, 2024, to stockholders of record as of the close of business on March 18, 2024.