Subsequent Events |
9 Months Ended | ||||||||||||
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Sep. 30, 2016 | |||||||||||||
| Subsequent Events [Abstract] | |||||||||||||
| Subsequent Events |
12. Subsequent Events Apache Lawsuit. The case Apache Corporation v. W&T Offshore, Inc., described in Note 11, went to the jury on October 28, 2016. On the same date, the jury made the following findings:
W&T intends to file a motion with the trial court requesting a judgment consistent with the jury’s finding that Apache acted in bad faith thereby causing W&T not to comply with the contract, which W&T asserts bars Apache from recovery for damages under applicable law, and if damages are not barred in their entirety, that any judgment for monetary damages is offset by $17.0 million as determined by the jury. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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