W&T Offshore has picked up ConocoPhillips' 75% + operatorship of the Magnolia field in Garden Banks blocks 783 + 784 for USD 20 MM plus assumption of abandonment costs. The deal is pending approvals and will be retro-effective 1 Oct '19.
W&T Offshore has picked up ConocoPhillips' 75% + op. of the Magnolia field in Garden Banks blocks 783 + 784 for USD 20 MM.