W&T Announces Positive Court Finding Regarding Remaining Surety Provider Claims
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2025
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Source: Globenewswire
Court Ruling on Surety Companies: A U.S. Magistrate Judge recommended denying two surety companies' motions for a preliminary injunction, which sought over $100 million in cash collateral from W&T Offshore, concluding that the sureties did not demonstrate irreparable harm.
W&T Offshore's Response: W&T Offshore expressed satisfaction with the ruling, viewing it as a vindication against predatory practices by surety providers and highlighting the importance of standing up to unjustified collateral demands in the oil and gas industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
