W&T Offshore has completed the acquisition of Shell Offshore’s 64.3% interest in the Fairway field and a 64.3% interest in the associated Yellowhammer gas processing plant in Alabama, US, for $36.7m.

The deal was part of a larger transaction between Shell and W&T for three Gulf of Mexico deepwater producing fields known as Tahoe, SE Tahoe and Droshky.

The Fairway field produces approximately 19.5mmcf of natural gas per day and 1,200 barrels of natural gas liquids per day.

W&T estimates the field has proven reserves of 39.4bcf of natural gas and 2.5 million barrels of natural gas liquids as of 30 June 2011.