W&T Offshore to acquire gulf of mexico production assets from Cox Oil for $89m.

W&T Offshore, a independent oil and natural gas producer, agreed to acquire gulf of mexico production assets from Cox Oil, an oil and gas company for $89m. Cox said it needs mediation to resolve post-auction disputes over servicing seven production fields, the bankrupt company said in court papers filed Tuesday in the US Bankruptcy Court for the Southern District of Texas. Cox is seeking mediation with Chevron & Union Oil Company, among others.