慣ransformative' Permian deal lifts W&T shares 18%

摘要

Houston-Shares of small independent W&T Offshore jumped 18% April 26 after the com- pany announced the $366 million acquisi- tion of liquids-rich Permian Basin assets to provide more reliable, onshore balance to its production profile. "This is a transformative acquisition for us," said W&T CEO Tracy Krohn during a confer- ence call with analysts to discuss the Permian acquisition, the outlook for more and the com- pany's results for the quarter ended March 31.