W&T Offshore is an independent oil and natural gas producer operating in the Gulf of Mexico since 1983.
Quarter Ended Mar 31, 2023
Reported first quarter 2023 production of 32.5 thousand barrels of oil equivalent per day (“MBoe/d”) (56% liquids), or 2.9 million barrels of oil equivalent (“MMBoe”);
Generated net income of $26.0 million or $0.17 per diluted share in the first quarter of 2023, which includes $39.2 million in net unrealized gain on outstanding derivative contracts;
Reported Adjusted EBITDA of $43.1 million for the first quarter of 2023;
For Fiscal Year Ending Dec 31, 2022
2023 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 47 producing fields in federal and state waters and has under lease approximately 625,000 gross acres in the Gulf of Mexico, including approximately 466,000 gross acres on the conventional shelf and approximately 159,000 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, 2022
Year-over-year net sales comparison by product category.
As of Dec. 31, 2022 • 10-K 2022
W&T Offshore, Inc.
5718 Westheimer Road
Houston, TX 77057
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33 North LaSalle Street
Chicago, IL 60602