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W&T Offshore Inc (WTI)

WTI on New York Consolidated

3.10USD
18 Oct 2017
Change (% chg)

$0.10 (+3.33%)
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Open
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Latest Key Developments (Source: Significant Developments)

W&T Offshore provides update on operations following hurricane Harvey
Wednesday, 6 Sep 2017 07:00am EDT 

Sept 6 (Reuters) - W&T Offshore Inc :W&T Offshore - W&T provides update on operations following hurricane Harvey.W&T Offshore Inc - ‍W&T experienced relatively minor impacts from hurricane Harvey in Gulf of Mexico​.W&T Offshore Inc - ‍Production deferment is immaterial and represents approximately one day's equivalent production for company​.W&T Offshore -‍ In total, deferred production was about 43,000 barrels of oil equivalent and it experienced no material platform damage resulting from storm​.W&T Offshore Inc - ‍Company experienced no injuries or environmental events and experienced no material platform damage as a result of storm​.W&T Offshore Inc - ‍Is currently producing at normal pre-storm production rates​.W&T Offshore Inc - ‍In preparation for storm, W&T temporarily shut-in and evacuated a small number of its Western Gulf of Mexico offshore platforms​.W&T Offshore - ‍One non-operated field located in Western GOM is being prepared for production resumption and is anticipated to come back on line soon​.  Full Article

W&T Offshore Q2 earnings per share $0.23
Thursday, 3 Aug 2017 04:16pm EDT 

Aug 3 (Reuters) - W&T Offshore Inc :W&T Offshore announces second quarter 2017 operational and financial results.Q2 earnings per share $0.23.Q2 revenue rose 24 percent to $123.3 million.Q2 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $0.22 excluding items.Says ‍total production was 3.9 MMBoe in q2 of 2017, up slightly from Q2 of 2016​.Says ‍for 2017, our capital expenditure budget remains at $125.0 million​.W&T Offshore - 2017 ‍capital expenditures and abandonment activities are expected to be funded with cash on hand, cash flow from operating activities​.  Full Article

Franklin Resources raises passive stake in W&T Offshore to 23.7 pct
Friday, 9 Jun 2017 11:05am EDT 

June 9 (Reuters) - W&T Offshore Inc ::Franklin Resources Inc reports 23.7 percent passive stake in W&T Offshore as of May 31, 2017 versus 10.1 percent as of April 30, 2017 - SEC filing.  Full Article

W&T Offshore receives final trial court judgment
Thursday, 1 Jun 2017 04:15pm EDT 

June 1 (Reuters) - W&T Offshore Inc ::W&T Offshore receives final trial court judgment in lawsuit.Received judgment directing company to pay Apache Corp $43.2 million, plus $4.4 million..Court ‍judgment stems from a previously disclosed lawsuit that Apache filed in Dec. 2014 regarding dispute about Apache's use of drilling rigs​.  Full Article

W&T Offshore reports Q1 earnings per share $0.17
Wednesday, 3 May 2017 06:03pm EDT 

May 3 (Reuters) - W&T Offshore Inc :W&T Offshore announces first quarter 2017 operational and financial results.Q1 earnings per share $0.17.Q1 revenue rose 60 percent to $124.4 million.Q1 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S.Q1 adjusted earnings per share $0.16 excluding items.W&T Offshore Inc qtrly production averaged 42,712 barrels of oil equivalent ("boe") per day (or 3.8 million boe for quarter).Qtrly production averaged 42,712 barrels of oil equivalent ("boe") per day.W&T Offshore Inc - total production was 3.8 million barrels of oil equivalent ("mmboe") in q1 of 2017.W&T Offshore Inc - expect to receive $71.7 million in income tax refunds between 2017 and 2018.W&T Offshore Inc - capital expenditures for 2017 are currently estimated at $125.0 million.W&T Offshore Inc sees Q2 total production 3.7 mmboe - 4.1 mmboe.Sees FY 2017 total production of 15.2 mmboe - 16.8 mmboe.  Full Article

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

BRIEF-W&T Offshore provides update on operations following hurricane Harvey

* W&T Offshore - W&T provides update on operations following hurricane Harvey