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

Annual report pursuant to Section 13 and 15(d)

RESTRICTED DEPOSITS FOR ARO (Tables)

RESTRICTED DEPOSITS FOR ARO (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Restricted Deposits for Asset Retirement Obligations [Table Text Block]


	December 31,
	2022		2021

Main Pass 283/Viosca Knoll 734 ⁽¹⁾	$	13,684	$	13,663
Eugene Island 205/89 ⁽²⁾		—		1,880
South Marsh Island 73 ⁽³⁾		7,753		—
Other		47		477

(1)

^{In connection with a prior period acquisition of the Main Pass 283 and Viosca Knoll 734 fields, the Company received funds from the previous operator to cover future asset retirement obligations for those fields. The Company is not obligated to contribute additional amounts to these escrowed accounts.}

(2)

^{In connection with a prior period acquisition of the Eugene Island 205 and 89 fields, the Company received funds from the previous owner to cover future asset retirement obligations for those fields. As of December 31, 2022, the Company has performed the related plugging and abandonment work at both fields.}

(3)

^{During the first and second quarter of 2022, the Company acquired the South Marsh Island 73 field. As part of the transaction, the Company received a total of}^$7.8^{million from the previous owners to cover future asset retirement obligations. The Company is not obligated to contribute additional amounts to this escrowed account.}^See^{Note 6 - Acquisitions}^{for additional information.}