With a $31.1 million cash offer, W&T Offshore Inc., Houston, was the successful bidder on an interest in three blocks in Heidelberg field in the Gulf of Mexico offered in connection with the Chapter 11 bankruptcy proceedings of Cobalt International Energy Inc., Houston, and its subsidiaries.
The bid covers all of Cobalt’s interest in Anadarko Petroleum Corp.-operated Heidelberg field, which includes 9.375% working interest in each of Green Canyon Blocks 859, 903, and 904.
February’s gross production from the field was 33,513 b/d and 16,705 Mcfd or 36,300 boe/d. Cobalt’s production from the field, net to its interest, was 2,749 b/d and 1.4 MMcfd in February or nearly 3,000 boe/d from 5 wells. The wells flow to the Heidelberg Spar, which is in on Green Canyon Block 860.
Closing is expected in April.