Ann: Trading Halt, page-36

could be but low probability I think.

One thing I hope is that whatever the farm-in is, they remain within the shallow end of the Gulf - no deepwater stuff (as big a negative as Alaska from a capital required point of view). W&T was the apparent high bidder on eight deepwater and seven shallow water blocks, which includes Garden Banks 173, Green Canyon blocks 3, 46, 47, 49, 91 and 92 and Mississippi Canyon 244 in the deepwater and Eugene Island blocks 357, 378, 393, 395, 396, Main Pass 286, and South Marsh 205 in the shallow water.

W&T has a drilling JV with HarborVest and BakerHughes/GE (which GE is selling). Probably just as low a probability of occurring.

Strong bidding on lease sales $244M over 1.26M acres .. lots of activity (but prefer a PDP with PUD this time)
https://www.oilandgaspeople.com/news/18157/gulf-of-mexico-lease-sale-results-in-and-244-million-in-bids/

Lots of outright asset sales from Exxon, Shell, BP, Blackstone,... all of which are large ticket items but maybe the rightsized WI is the go??

Murphy Oil (80%0 also has JV with Petrobas (20%) for deep and shallow GoM projects ... Maybe the shallow blocks are a possibility??

Whatever it is, I'm sure we'll be surprised (just like the Hilcorp JV was).