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

Note 6 - Derivative Financial Instruments (Tables)

v3.19.2

Note 6 - Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Notes Tables

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Crude Oil: Swap, Priced off WTI (NYMEX)
Termination Period	Notional Quantity (Bbls/day) (1)	Notional Quantity (Bbls) (1)	Strike Price
May 2020	1,500	504,000	$	60.80
May 2020	5,000	1,680,000		61.00
May 2020	3,500	1,176,000		60.85

Crude Oil: Calls - Bought, Priced off WTI (NYMEX)
Termination Period	Notional Quantity (Bbls/day) (1)	Notional Quantity (Bbls) (1)	Strike Price
May 2020	10,000	3,360,000	$	61.00

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]

	June 30,		December 31,
	2019		2018
Prepaid expenses and other assets	$	22,089	$	60,687
Other assets (non-current)		—		21,275

	Three Months Ended June 30,					Six Months Ended June 30,
	2019			2018		2019		2018
Derivative (gain) loss	$	(1,805	)	$	6,219	$	47,081	$	6,219

Schedule of Cash Receipts and Payments on Commodity Derivative Contract Settlements [Table Text Block]

	Six Months Ended June 30,
	2019		2018
Cash receipts (payments) on derivative settlements, net	$	12,792	$	(1,149	)

- Definition

Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of the notional amounts of outstanding derivative positions.

+ 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
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959

+ Details

Name:	us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of the cash receipts and payments on commodity derivative contracts which are included within Net cash provided by operating activities.

+ References

No definition available.

+ Details

Name:	wti_ScheduleOfCashReceiptsAndPaymentsOnCommodityDerivativeContractSettlementsTableTextBlock
Namespace Prefix:	wti_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration