W&T Offshore reports positive court finding on remaining surety provider claims
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2025
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Court Ruling on Surety Companies: U.S. Magistrate Judge Dena Palermo recommended denying motions from two surety companies seeking over $100M in cash collateral, concluding they did not prove irreparable harm necessary for a preliminary injunction.
Positive Outcome for W&T Offshore: The ruling nullifies current collateral requests and allows W&T Offshore to avoid posting collateral until the lawsuit's merits are determined, marking a significant victory against what the company describes as predatory practices by sureties.
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About WTI
W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of America. The Company has working interests in approximately 52 fields in federal and state waters (which include 45 fields in federal waters and seven in state waters). The Company has under lease approximately 646,200 gross acres (502,300 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 493,000 gross acres on the conventional shelf, approximately 147,700 gross acres in the deepwater and 5,500 gross acres in Alabama state waters. The Company’s interests in fields, leases, structures and equipment are primarily owned by its wholly owned subsidiaries and through its proportionately consolidated interest in Monza Energy LLC. The Company's subsidiaries include Aquasition Energy LLC, Aquasition LLC, Aquasition II, LLC, Aquasition III, LLC, Aquasition IV, LLC, Aquasition V, LLC, and others.
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.
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