“Rigs Tell No Tales: W&T Offshore Deals Permian For Offshore”
W&T Offshore Inc. (WTI) has agreed to sell its Yellow Rose Field in the Permian Basin in a deal that sacrifices none of its offshore holdings while helping the company pay down debt.
Jefferies LLC was sole M&A adviser for Kelso and also lead financial adviser for Ajax. Tudor, Pickering, Holt & Co. was a financial adviser to Kelso. Kirkland & Ellis LLP and Debevoise & Plimpton LLP were legal advisers to Kelso. Thompson & Knight LLP was legal adviser to Ajax.