WTI chairman and chief executive officer Tracy W. Krohn said through the divestiture of this non-core, non-operated property, the company continues to enhance its already strong liquidity.
"We believe that the sales price makes this an attractive transaction for W&T and further positions us to focus on new opportunities that have greater potential to create shareholder value," added Krohn.
The sale of the non-core field with an effective date of 1 April 2012.
Energy Partners is an independent oil and natural gas exploration and production company.
