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W&T Offshore Inc (WTI)

WTI on New York Consolidated

2.09USD
21 Apr 2017
Change (% chg)

$-0.08 (-3.69%)
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Open
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Volume
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Latest Key Developments (Source: Significant Developments)

W&T Offshore reports Q4 earnings per share $0.12
Wednesday, 1 Mar 2017 05:30pm EST 

W&T Offshore Inc : Q4 earnings per share $0.12 . Q4 revenue rose 11 percent to $115.2 million . Q4 earnings per share view $-0.13 -- Thomson Reuters I/B/E/S . Q4 adjusted non-GAAP earnings per share $0.06 excluding items . W&T Offshore Inc - year-end 2016 sec proved reserves were 74.0 million boe . W&T Offshore Inc - capital expenditures for 2017 are currently estimated at $125 million .W&T Offshore Inc qtrly production averaged 40,300 barrels of oil equivalent per day 55pct of which was oil and natural gas liquids.  Full Article

W&T Offshore announces year-end 2016 proved reserves
Friday, 3 Feb 2017 06:30am EST 

W&T Offshore Inc : W&T Offshore announces year-end 2016 proved reserves, production for 2016, an update on the a-18 well at mahogany and an extension of the appeal with ibla regarding boem orders . W&T Offshore Inc - production for q4 of 2016 was 3.7 million boe (or 22.2 bcfe), compared to q4 2015 of 4.1 million boe (or 24.7 bcfe) . W&T Offshore Inc - oil and ngls production were 55% of total production in q4 of 2016 compared to 57% of total production in q4 of 2015. .W&T Offshore Inc - year-end 2016 sec proved reserves were 74.0 million barrels of oil equivalent, or 444.0 billion cubic feet.  Full Article

W&T Offshore announces initial production from ship shoal 349 "Mahogany Field" A-18 well
Thursday, 26 Jan 2017 06:30am EST 

W&T Offshore Inc : W&T Offshore announces initial production from ship shoal 349 "Mahogany Field" A-18 well .W&T Offshore Inc - Company expects to increase A-18 production rate to in excess of 5,000 boe per day consistent with its reservoir management plan.  Full Article

W&T Offshore extends early participation date, eliminates minimum tender condition
Tuesday, 16 Aug 2016 04:15pm EDT 

W&T Offshore Inc : W&T Offshore announces extension of early participation date, elimination of the minimum tender condition and increase in consideration for exchange offer and consent solicitation . Extended early participation date for exchange offer and consent solicitation to August 30, 2016 .Increased maximum consideration being offered to 76.6 million shares of common stock for exchange offer and consent solicitation.  Full Article

W&T Offshore reports Q2 loss per share $1.58
Thursday, 4 Aug 2016 04:30pm EDT 

W&T Offshore Inc : W&T Offshore announces second quarter 2016 operations and financial results along with third quarter and full year 2016 production and expense guidance . Q2 revenue $99.7 million versus I/B/E/S view $104.7 million . Q2 loss per share $0.47 excluding items . Q2 loss per share $1.58 . Q2 earnings per share view $-0.58 -- Thomson Reuters I/B/E/S . Our capital expenditure budget for 2016 remains set at a level well below prior year levels . Prolonged weakness in commodity prices has impacted cash flow and liquidity . Sees Q3 total Production 3.4 - 3.7 MMBOE . General and administrative expenses decreased 17.8% for q2 of 2016 to $16.2 million . Production for Q2 of 2016 averaged 42,864 barrels of oil equivalent ("BOE") per day . Combined total production was 3.9 million barrels of oil equivalent in q2 of 2016, down 7.8 pct from Q2 of 2015 . Plug and abandonment activities for 2016 are currently estimated to total $76 million ($91.3 million over next twelve months) . Sees Q3 total production 3.4 - 3.7 mmboe .Plug and abandonment activities expected to be funded with cash on hand and cash flow from operating activities.  Full Article

W&T Offshore announces commencement of exchange offer
Monday, 25 Jul 2016 08:05am EDT 

W&T Offshore Inc : Exchange offer for up to $180.0 million aggregate principal amount of its new senior pik toggle notes due 2021 . W&T Offshore announces commencement of exchange offer and consent solicitation . Commencement of an exchange offer and consent solicitation to eligible holders of its outstanding 8.500% senior notes due 2019 . Exchange offer for up to 62.1 million shares of common stock, par value $0.00001 per share, of company .Exchange offer for upto $202.5 million aggregate principal amount of its new senior second lien pik toggle notes due 2020.  Full Article

W&T Offshore Inc provides business update
Friday, 26 Feb 2016 06:00am EST 

W&T Offshore Inc:Has borrowed approximately $340 million under the Company's Bank Credit Facility, to be used for general corporate purposes.  Full Article

W&T Offshore Inc announces sale of yellow rose field in the permian basin of west Texas
Tuesday, 1 Sep 2015 07:00am EDT 

W&T Offshore Inc:Announces sale of its yellow rose field in the permian basin of west Texas.Gross pre-tax proceeds from the transaction are expected to be approximately $376.1 million.Says W&t also reserved a one to four percent sliding scale overriding royalty interest in the field.Transaction is expected to close during the third quarter of 2015, with an effective date of January 1, 2015.Says will use the proceeds from the transaction to pay down the outstanding balance under secured revolving credit facility.W&t's interest in yellow rose field includes about 25,800 net acres in andrews, martin, gaines, dawson counties in west Texas.For the month of July 2015, net production from the yellow rose field averaged approximately 3,000 boepd.Entered agreement with Ajax resources for sale of all of interest in its yellow rose field in permian basin.  Full Article

W&T Offshore Inc gives Q3 2015 production guidance; reaffirms FY 2015 production guidance
Wednesday, 5 Aug 2015 06:50pm EDT 

W&T Offshore Inc:Expects Q3 2015 production in the range of 23.1 - 25.5 Bcfe.Expects FY 2015 production in the range of 100.0 - 110.2 Bcfe.  Full Article

W&T Offshore Inc gives Q2 2015 production guidance; reaffirms FY 2015 production guidance
Wednesday, 6 May 2015 07:00pm EDT 

W&T Offshore Inc:Expects Q2 2015 production in the range of 23.1 - 25.5 Bcfe.Expects FY 2015 production in the range of 100.0 - 110.2 Bcfe.  Full Article

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BRIEF-W&T Offshore reports Q4 earnings per share $0.12

* Q4 earnings per share view $-0.13 -- Thomson Reuters I/B/E/S