HOUSTON--(BUSINESS WIRE)--An independent Texas oil and gas producer is striking back against a group of insurance companies, which collectively are seeking $250 million in collateral beyond what the oil company has already contracted for bonds backing its production activities. The energy company, Houston-based W&T Offshore, Inc. (NYSE: WTI), is asking a federal judge to declare insurers have colluded to damage the company by jointly demanding additional collateral and premiums. At the hear...
Read the full news release here
