“W&T Closes $376 Million Sale Of Permian Basin Oil Field”
W&T Offshore Inc. (WTI) said Oct. 15 it has closed the $376 million sale of all of its interest in the Yellow Rose Field in the Permian Basin to Ajax Resources LLC.
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.