W&T Offshore(US:WTI) Globenewswireยท2025-06-30 10:45Core Viewpoint - W&T Offshore, Inc. received a favorable recommendation from U.S. Magistrate Judge Dena Palermo to deny motions for preliminary injunction from two surety companies, which sought full monetization of over $100 million, as they failed to prove irreparable harm [1][5]. Group 1: Legal Ruling and Implications - The Magistrate Judge's recommendation to deny the sureties' motions is seen as a vindication of W&T's defense against what it describes as unlawful predatory business practices [2]. - The ruling effectively nullifies all current collateral requests by the sureties, meaning W&T will not be required to post collateral until the merits of the pending lawsuit are determined [5]. - This decision is viewed as a significant positive outcome for W&T, alongside a previously announced settlement agreement [5]. Group 2: Company Background - W&T Offshore, Inc. is an independent oil and natural gas producer operating in the Gulf of America, with interests in 52 fields across federal and state waters as of March 31, 2025 [3]. - The company has approximately 634,700 gross acres under lease, with a majority of its daily production coming from wells it operates [3].