W&T Offshore, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Derivative Financial Instruments - Subsequent Events (Details)

v3.21.2

Derivative Financial Instruments - Subsequent Events (Details) $ in Thousands		9 Months Ended
	Oct. 06, 2021 USD ($) contract	Sep. 30, 2021 USD ($) MMBTU contract $ / MMBTU	Dec. 31, 2020 USD ($)
Number of contracts \| contract		2
Accrued liabilities
Derivatives		$ 159,538	$ 13,620
NYMEX Natural Gas Henry Hub Collar \| Nov 2021 - Dec 2021
Average daily volume \| MMBTU		30,000
Total volume \| MMBTU		1,830,000
NYMEX Natural Gas Henry Hub Collar \| Nov 2021 - Dec 2021 \| Accrued liabilities
Derivatives		$ 5,189
NYMEX Natural Gas Henry Hub Collar \| Nov 2021 - Dec 2021 \| Put Option
Weighted Price (in dollars per share) \| $ / MMBTU		2.18
NYMEX Natural Gas Henry Hub Collar \| Nov 2021 - Dec 2021 \| Call Option
Weighted Price (in dollars per share) \| $ / MMBTU		3.00
Subsequent Event
Number of contracts executed \| contract	2
Proceeds from unwinding contracts	$ 5,200

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

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- Definition

Nominal number of units used to calculate payment on derivative.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
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-Topic 815
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-Section 50
-Paragraph 1A
-Subparagraph (d)
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- Definition

Nominal energy measure used to calculate payments on a derivative instrument.

+ References

No definition available.

+ Details

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- Definition

The number of derivative instruments of a particular group held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
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- Definition

The number of derivative instruments of a particular group executed by the entity.

+ References

No definition available.

+ Details

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- Definition

The strike price on the option contract such as a put option or a call option.

+ References

No definition available.

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- Definition

The proceeds from unwinding derivative contract.

+ References

No definition available.

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