Founded in 1983, W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico and onshore in the Permian Basin of West Texas. We have grown through acquisitions, exploration and development and currently hold working interests in approximately 67 offshore fields in federal and state waters (62 producing and five fields capable of producing). W&T currently has under lease over 1.2 million gross acres including over 0.6 million gross acres on the Gulf of Mexico Shelf, over 0.5 million gross acres in the deepwater and over 50,000 gross acres onshore in Texas. A substantial majority of our daily production is derived from wells we operate offshore.