W&T Offshore is an independent oil and natural gas producer operating in the Gulf of Mexico since 1983.
Fiscal Year Ended Dec 31, 2019
Produced 52,773 Boe/d, or 4.9 MMBoe (45% liquids), in the fourth quarter of 2019, above the midpoint of W&T’s guidance range, reflecting a 51% increase from the fourth quarter of 2018 and a 28% increase from the third quarter of 2019
Generated significant Adjsuted EBITDA of $282.9 million for the full year 2019 and $79.0 million for the fourth quarter 2019.
Reported net income for full year 2019 of $74.1 million or $0.52 per share, and net income of $9.6 million or $0.07 per share in the fourth quarter of 2019
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
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Computershare Investor Services, LLC
2 North LaSalle Street
Chicago, IL 60690