The Gulf of Mexico shelf has been the foundation for W&T's growth since its inception and has continued to be an important source of production and cash flow. We view a shelf property as a field with an average water depth of 500 feet or less.
New discoveries at existing GOM shelf fields are creating additional growth opportunities and providing new insights into potential sub-salt prospects identified with drilling successes and advanced seismic data.
- Our ~490,000 gross acres on the GOM shelf generate around 54% of our total daily production.
- Recently we have focused on analyzing newly acquired advanced seismic data over portions of our shelf acreage to identify future drilling opportunities.
- Nine wells have been drilled and completed by us at our Mahogany field since 2011. These wells, recompletions and selective remedial work have produced approximately 14 million barrels of oil equivalent between 2011 and 2016.
- By employing the lessons of success from Mahogany and seismic data reviews on other lease blocks, we anticipate Mahogany-like opportunities elsewhere on the shelf as well as in the deepwater.