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W and t Offshore inc   (NYSE: WTI)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $1.5500 $-0.01 -0.641%
Day's High: $1.57 Week Perf: 0.00
Day's Low: $ 1.52 30 Day Perf: -4.91 %
Volume (M): 1,474 52 Wk High: $ 3.17
Volume (M$): $ 2,285 52 Wk Avg: $2.21
Open: $1.56 52 Wk Low: $1.33



 Market Capitalization (Millions $) 228
 Shares Outstanding (Millions) 147
 Employees 395
 Revenues (TTM) (Millions $) 537
 Net Income (TTM) (Millions $) -64
 Cash Flow (TTM) (Millions $) -22
 Capital Exp. (TTM) (Millions $) 86

W And T Offshore Inc

W&T Offshore, Inc. is an independent oil and natural gas producer, active in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. W&T Offshore, Inc. is a Texas corporation originally organized as a Nevada corporation in 1988, and successor by merger to W&T Oil Properties, Inc., a Louisiana corporation organized in 1983. Our interest in fields, leases, structures and equipment are primarily owned by the parent company, W&T Offshore, Inc. and our wholly-owned subsidiary, W & T Energy VI, LLC, a Delaware limited liability company.

The Gulf of Mexico is an area where we have developed significant technical expertise and where high production rates associated with hydrocarbon deposits have historically provided us the best opportunity to achieve a rapid return on our invested capital. We have leveraged our experience in the conventional shelf (water depths of less than 500 feet) to develop higher impact capital projects in the Gulf of Mexico in both the deepwater (water depths in excess of 500 feet) and the deep shelf (well depths in excess of 15,000 feet and water depths of less than 500 feet). We have acquired rights to explore and develop new prospects and acquired existing oil and natural gas properties in both the deepwater and the deep shelf, while at the same time continuing our focus on the conventional shelf. Over the last several years, we have increased our exploration and development activities in the deepwater, which has led to a greater percentage of our total production coming from deepwater wells.

As of December 31, 2016, we have interests in offshore leases covering approximately 750,000 gross acres (450,000 net acres) spanning across the Outer Continental Shelf (“OCS”) off the coasts of Louisiana, Texas, Mississippi and Alabama. On a gross acreage basis, the conventional shelf constitutes approximately 490,000 gross acres and deepwater constitutes approximately 260,000 gross acres of our offshore acreage.

We seek to increase our reserves through acquisitions, exploratory and infill drilling, recompletions and workovers. With respect to acquisitions, we have focused on acquiring properties where we can develop an inventory of drilling prospects that will enable us to add reserves, production and cash flow post-acquisition. Although the current economic environment has caused us to take a conservative approach towards acquisitions, our acquisition team continues to identify and evaluate properties that will fit our profile and that we believe will add strategic and financial value to our Company.

Our business strategy is to acquire, explore and develop oil and natural gas reserves on the OCS, the area of our historical success and technical expertise, which we believe will yield desirable rates of return commensurate with our perception of risks. The rapid and extended decline in crude oil, NGLs and natural gas prices that commenced in the second half of 2014 created more uncertainty about future exploration and development. Although commodity prices stabilized at higher levels during the second half of 2016 compared to the first half of 2016, prices are still low from historical levels and price volatility occurring in the last three years continues to affect our evaluation of potential returns and risks of our drilling projects. We believe attractive acquisition opportunities will continue to become available in the Gulf of Mexico as the major integrated oil companies and other large independent oil and gas exploration and production companies continue to divest properties to focus on larger and more capital-intensive projects that better match their long-term strategic goals. Also, we expect opportunities will arise as producers seek to divest their properties for short-term cash flow needs. Our plans for the short-term include operating within cash flow, maintaining liquidity, meeting our financial obligations, and pursuing acquisitions meeting our criteria.



   Company Address: 5718 Westheimer Road, Suite 700 Houston 77057 TX
   Company Phone Number: 626-8525   Stock Exchange / Ticker: NYSE WTI


Customers Net Income fell by WTI's Customers Net Profit Margin fell to

-26.53 %

9.2 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
DVN   -0.52%    
EOG        0.39% 
FANG   -3.86%    
OVV        1.18% 
OXY        0.33% 
PARR   -1.41%    
• View Complete Report
   



Shares

W&T Offshore Launches Cash Tender Offer: A Strategic Move Towards Financial Stability,

Published Mon, Jan 13 2025 6:27 PM UTC

W&T Offshore s Strategic Cash Tender Offer: Analyzing Potential Market ImpactW&T Offshore, Inc. (NYSE: WTI), a prominent player in the energy sector, has initiated a strategic cash tender offer and consent solicitation that could reshape its financial landscape. Announced on January 13, 2025, the company is seeking to repurchase its 11.750% Senior Second Lien Notes due 2026...

Management Announcement

W&T Offshore Navigates Financial Challenges with Strategic Notes Offering and Sustainability Initiatives

Published Mon, Jan 13 2025 5:01 AM UTC

Understanding W&T Offshore s Financial Moves and Performance Metrics Amidst Industry PressuresIn a bold move to bolster its financial position, W&T Offshore, Inc. (NYSE: WTI) announced on January 13, 2025, its intention to offer $350 million in senior second lien notes due in 2029. This offering is set to be a private placement exempt from registration under the Securities ...

Management Announcement

W&T Offshore Strengthens Financial Position through Strategic Notes Offering and Commitment to Sustainability

Published Wed, Jan 8 2025 11:45 AM UTC

In the ever-evolving landscape of the energy market, W&T Offshore, Inc. (NYSE: WTI) has emerged as a notable player, demonstrating resilience and foresight in the face of industry challenges. On January 8, 2025, the company provided vital operational and financial updates, presenting a clear picture of its current trajectory. Just a few days later, on January 13, 2025, W&T O...

Product Service News

Navigating the Seas W&T Offshores Resilient Performance Amidst Industry Challenges,

Published Thu, Sep 19 2024 10:45 AM UTC

Navigating the Seas: W&T Offshore s Resilient Performance Amidst Industry ChallengesW&T Offshore, Inc., a prominent player in the oil and gas sector, has recently published its 2023 Corporate Environmental, Social, and Governance (ESG) report. This comprehensive analysis not only emphasizes its commitment to sustainability but also aligns with the company s economic and ope...

Management Announcement

W&T Offshore Appoints George J. Hittner as Executive Vice President, General Counsel, and Corporate Secretary

Published Tue, Sep 3 2024 10:45 AM UTC



W&T Offshore, Inc. (NYSE: WTI), a leading independent exploration and production company, has announced the appointment of George J. Hittner as the Executive Vice President, General Counsel, and Corporate Secretary, effective September 1, 2024. With a diverse background in legal, corporate, and legislative matters, Hittner s addition to the W&T Offshore team is exp...







W And T Offshore Inc's Segments

  W And T Offshore Inc Outlook

On March 5 2024 the W And T Offshore Inc provided following guidance

WandT Offshore, Inc. (WTI) revealed its financial and operational results for the fourth quarter and full year of 2023, along with the report on its year-end 2023 proved reserves. The company also provided guidance for the first quarter of 2024 and the full year ahead. Additionally, WTI declared its dividend for the first quarter of 2024.

In a press release issued on March 5, 2024, WandT Offshore, Inc. outlined key highlights from the fourth quarter and full year of 2023, as well as recent developments since the end of 2023. WTI reported non-GAAP financial measures such as Adjusted Net (Loss) Income, Adjusted EBITDA, Free Cash Flow, Net Debt, and PV-10. These non-GAAP measures were explained and recon...





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