W&T Offshore is an independent oil and natural gas producer operating in the Gulf of Mexico since 1983.
Quarter Ended Mar 31, 2020
Produced 53,553 barrels of oil equivalent per day (“Boe/d”), or 4.9 million Boe (48% liquids), in the first quarter of 2020, near the high end of W&T’s guidance range, reflecting a 61% increase from the first quarter of 2019 and slightly higher than the fourth quarter of 2019
Generated significant Adjusted EBITDA of $62.1 million for the first quarter of 2020, despite a lower pricing environment
Reported net income of $66.0 million or $0.46 per share and Adjusted Net Income of $5.8 million or $0.04 per share in the first quarter of 2020
For Fiscal Year Ending Dec 31, 2019
2020 Proxy Statement
For complete information regarding our financials, see our periodic filings
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W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico and has grown through acquisitions, exploration and development. The Company currently has working interests in 51 producing fields in federal and state waters and has under lease approximately 815,000 gross acres in the Gulf of Mexico, including approximately 595,000 gross acres on the conventional shelf and approximately 220,000 gross acres in the deepwater. A majority of the Company’s daily production is derived from wells it operates.
Producing fields in federal and state waters
Gross acres in the deepwater
Gross acres on the Gulf of Mexico Shelf
As of December 31, 2019 • 10-K 2019
Year-over-year net sales comparison by product category.
As of Dec. 31, 2019 • 10-K 2019
W&T Offshore, Inc.
Nine Greenway Plaza
Houston, TX 77046
Investor Relations Coordinator
Computershare Investor Services, LLC
2 North LaSalle Street
Chicago, IL 60690