W&T Offshore reports Dantzler sub-salt discovery

W&T Offshore Inc.

W&T Offshore Inc. (NYSE: WTI) reports a sub-salt oil discovery at the Dantzler exploration prospect in the deepwater Gulf of Mexico.  The well is located on Mississippi Canyon block 782 in 6,580 feet of water and was drilled to a total depth of 19,234 feet.

Wireline logging data indicates approximately 120 feet of net pay in two high-quality Miocene reservoirs which are primarily crude oil.  W&T Offshore holds a 20% working interest in this well, which is operated by Noble Energy Inc.

The Dantzler discovery is located roughly 12 miles west of W&T's previous discoveries at Big Bend and Troubadour in the Mississippi Canyon 698 and 699 blocks. The operator has provided discovered gross resource estimates at Dantzler of between 55 million and 95 million barrels of oil equivalent.


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