W&T Offshore

W&T Offshore, Inc. engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.

Earnings data Q3 2023

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HOUSTON, Dec.  12, 2019  (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced today that it has completed an oil-weighted producing property acquisition from ConocoPhillips which is comprised of a 75% working interest in and operatorship of the Magnolia Field in the central region of the deepwater Gulf of Mexico (“GOM”), offshore Louisiana, at Garden Banks blocks 783 and 784 for $20.0 million, and the assumption of all abandonment obligations associated with the properties, as of the effective date of October 1, 2019, subject to normal and customary adjustments. Key highlights of the transaction include:

W&T Offshore Announces Acquisition of  Oil-Weighted Producing Property in the Gulf of Mexico

HOUSTON, Dec.  05, 2019  (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced today that the Company has recently added new West Texas Intermediate crude oil hedge positions for the period from June 2020 through December 2020.   These additional positions include:

W&T Offshore Announces Additional Crude Oil Hedge Positions

HOUSTON, Dec.  02, 2019  (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced today the Company’s bank group has completed its regularly scheduled fall borrowing base redetermination and reaffirmed the borrowing base at $250 million. As of September 30, 2019, the Company had $41.7 million in cash and cash equivalents and $137.8 million of availability under the revolving bank credit facility.

W&T Offshore Announces Reaffirmation of $250 Million Borrowing Base

W&T Offshore Is A Buy

W&T Offshore's (WTI) third-quarter 2019 production rise is supported by the Mobile Bay acquisition, which added 74 million Boe of net proved reserves to its portfolio.

W&T Offshore (WTI) Q3 Earnings Beat on Higher Production

W&T Offshore, Inc. (WTI) CEO Tracy Krohn on Q3 2019 Results - Earnings Call Transcript

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HOUSTON, Sept.  03, 2019  (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced today that it has closed the previously-announced purchase of ExxonMobil Corporation’s ("ExxonMobil") interests in and operatorship of oil and gas producing  properties in the eastern region of the Gulf of Mexico (“GOM”), offshore Alabama, and related onshore and offshore facilities and pipelines.  After taking into account customary closing adjustments and an effective date of January 1, 2019, cash consideration paid by W&T was $167.6 million which includes a previously-funded $10 million deposit.  The acquisition was funded  by cash on hand and borrowings on its previously-undrawn revolving bank credit facility; W&T will also assume asset retirement obligations associated with these assets.

W&T Offshore Completes Acquisition of Producing Properties in Gulf of Mexico and Named Apparent High Bidder on Two Blocks in the Latest Gulf of Mexico Lease Sale

Chairman, CEO & President of W&t Offshore Inc (30-Year Financial, Insider Trades) Tracy W Krohn (insider trades) bought 100,000 shares of WTI on 08/23/2019 at an average price of $4.06 a share.

W&t Offshore Inc (WTI) Chairman, CEO & President Tracy W Krohn Bought $406,000 of Shares

Chairman, CEO & President of W&t Offshore Inc (30-Year Financial, Insider Trades) Tracy W Krohn (insider trades) bought 14,925 shares of WTI on 08/16/2019 at an average price of $4.38 a share.

W&t Offshore Inc (WTI) Chairman, CEO & President Tracy W Krohn Bought $65,372 of Shares

Chairman, CEO & President of W&t Offshore Inc (30-Year Financial, Insider Trades) Tracy W Krohn (insider trades) bought 21,500 shares of WTI on 08/08/2019 at an average price of $4.47 a share.

W&t Offshore Inc (WTI) Chairman, CEO & President Tracy W Krohn Bought $96,105 of Shares

W&T Offshore (WTI) suffers a decline in the average realized price for oil equivalent production during the second quarter.

W&T Offshore (WTI) Q2 Earnings & Revenues Beat Estimates

W&T Offshore, Inc. (WTI) CEO Tracy Krohn on Q2 2019 Results - Earnings Call Transcript

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Chairman, CEO & President of W&t Offshore Inc (30-Year Financial, Insider Trades) Tracy W Krohn (insider trades) bought 100,000 shares of WTI on 07/12/2019 at an average price of $4.6 a share.

W&t Offshore Inc (WTI) Chairman, CEO & President Tracy W Krohn Bought $460,000 of Shares

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Chairman, CEO & President of W&t Offshore Inc (NYSE:WTI) Tracy W Krohn (insider trades) bought 100,300 shares of WTI on 07/11/2019 at an average price of $4.66 a share.

W&t Offshore Inc (WTI) Chairman, CEO & President Tracy W Krohn Bought $467,398 of Shares

W&T produces from Super Major legacy assets in the GoM.

W&T Offshore: Low Decline Asset Base Makes This One A Buy

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Chairman, CEO & President of W&t Offshore Inc (NYSE:WTI) Tracy W Krohn (insider trades) bought 15,000 shares of WTI on 07/10/2019 at an average price of $4.65 a share.

W&t Offshore Inc (WTI) Chairman, CEO & President Tracy W Krohn Bought $69,750 of Shares

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W&T Offshore (WTI) expects the acquisition of GoM properties from ExxonMobil to close by Aug 30, 2019.

W&T Offshore to Acquire $200M GoM Assets From ExxonMobil

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