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United States

Profile: W&T Offshore Inc (WTI)

WTI on New York Consolidated

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31 Aug 2016
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W&T Offshore, Inc., incorporated on April 27, 2004, is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. The Company owns a platform in the Gulf of Mexico located in a National Marine Sanctuary. The Company's fields are located in federal and state waters in the Gulf of Mexico. The fields are found in water depths ranging from 10 feet to 7,200 feet. The Company's fields include Ship Shoal 349 Field (Mahogany), Fairway Field, Miss. Canyon 243 (Matterhorn), Viosca Knoll 783 (Tahoe/SE Tahoe), Miss. Canyon 782 (Dantzler), Main Pass 108, Brazos A133, Ewing Bank 910, Miss. Canyon 698 (Big Bend) and Miss. Canyon 538/582 (Medusa). The Company sells its crude oil, natural gas liquids (NGLs) and natural gas to third-party customers. The Company's subsidiary is W & T Energy VI, LLC.

Ship Shoal 349 Field (Mahogany)

The Company's Ship Shoal 349 field is located off the coast of Louisiana, approximately 230 miles southeast of New Orleans, in over 370 feet of water. The field area covers Ship Shoal blocks 349 and 359, with a production platform on Ship Shoal block 349. It owns approximately 100% working interest in this field. Cumulative field production is approximately 44.1 million barrels of oil equivalent gross (over 223.6 billions of cubic feet equivalent gross). This field is a sub-salt development with approximately eight productive horizons below salt at depths of over 17,000 feet.

Fairway Field

The Company's Fairway field consists of Mobile Bay Area blocks 113 and 132, which are located in approximately 20 feet of water, approximately 30 miles south of Mobile, Alabama. The Company has drilled approximately six wells, over one of which was a replacement well. Cumulative field production is approximately 127.8 million barrels of oil equivalent gross (over 766.6 billions of cubic feet equivalent gross). This field is a Norphlet sand dune trend development with over one producing horizon at an approximate depth of approximately 21,300 feet.

Mississippi Canyon 243 Field (Matterhorn)

The Company's Mississippi Canyon 243 field is located off the coast of Louisiana, approximately 100 miles southeast of New Orleans, in over 2,550 feet of water. The field area covers Mississippi Canyon block 243, with a single floating, tension leg production platform. This field is a supra-salt (above the salt layer) development with approximately 20 productive horizons at depths ranging to over 9,850 feet. The Company has drilled approximately 30 wells. The Company produces approximately 1,830 barrels of crude oil per day, over 3009 barrels of NGLs per day and over 4,710 thousand cubic feet (Mcf) of natural gas per day, for total production of over 2,910 barrel of oil equivalent (Boe) per day.

Viosca Knoll 783 Field (Viosca Knoll 783 Lease (Tahoe) and Viosca Knoll 784 Lease (SE Tahoe))

The Company's Viosca Knoll 783 field is located off the coast of Louisiana, approximately 140 miles southeast of New Orleans, in 1,500 to 1,700 feet of water. The field area covers Viosca Knoll blocks 783 and 784, with subsea tiebacks to two platforms in Main Pass 252. The Tahoe prospect is a supra-salt development with approximately two productive horizons at depths ranging to over 10,300 feet. The SE Tahoe prospect is also a supra-salt development with over one productive horizon at a depth of over 9,320 feet. The Company has drilled approximately 20 wells at the Tahoe prospect and over one has drilled at the SE Tahoe prospect. The Company produces approximately 180 barrels of crude oil per day, over 650 barrels of NGLs per day and over 15,910 Mcf of natural gas per day, for total production of over 3,480 Boe per day.

Mississippi Canyon 782 Field (Dantzler)

The Company's Mississippi Canyon 782 field is located off the coast of Louisiana, approximately 160 miles southeast of New Orleans, in over 6,600 feet of water. The field area covers Mississippi Canyon block 782 and 738. The field is a three-way closure trapped against a salt wall. There are approximately two pay horizons, the upper Miocene U5 and U6 sands. Cumulative field production is approximately 65.5 Million Barrels of Oil Equivalents (MMBoe) gross (392.8 Billions of Cubic Feet Equivalent (Bcfe) gross). The Company has drilled approximately two wells. It produces approximately 3,670 barrels of crude oil per day, over 70 barrels of NGLs per day and over 3,560 Mcf of natural gas per day, for total production of over 4,330 Boe per day (over 25,970 thousand cubic feet equivalent (Mcfe) per day).

Main Pass 108 Field

The Company's Main Pass 108 field consists of Main Pass blocks 107, 108 and 109. This field is located off the coast of Louisiana approximately 50 miles east of Venice in over 50 feet of water. The Company has drilled approximately 50 wells. Cumulative field production is approximately 54.5 MMBoe gross (over 326.7 Bcfe gross). It produces approximately 280 barrels of crude oil per day, over 290 barrels of NGLs per day and over 15,280 Mcf of natural gas per day, for total production of over 3,120 Boe per day (over 18,740 Mcfe per day).

Brazos A-133 Field

The Company's Brazos A-133 field is located approximately 80 miles east of Corpus Christi, Texas in over 200 feet of water. There are approximately five active platforms, over three of which are production platforms. Cumulative field production is approximately 152.9 MMBoe gross (over 917.6 Bcfe gross) from the Middle Miocene Tex W and Big Hum sections. It produces approximately 40 barrels of crude oil per day and over 18,020 Mcf of natural gas per day, for total production of over 3,050 Boe per day (over 18,020 Mcfe per day).

Ewing Bank 910

The Company's Ewing Bank 910 is located approximately 70 miles off the Louisiana coast in over 560 feet of water. The field area covers Ewing Bank blocks 910 and 954, and South Timbalier block 320. Cumulative field production is approximately 15.0 MMBoe gross (over 90.1 Bcfe gross). It produces approximately 420 barrels of crude oil per day, over eight barrels of NGLs per day and over 350 Mcf of natural gas per day, for total production of approximately 490 Boe per day (over 2,920 Mcfe per day).

Mississippi Canyon 698 Field (Big Bend)

The Company's Mississippi Canyon 698 is located approximately 160 miles southeast of New Orleans in over 7,220 feet of water. The field area covers portions of Mississippi Canyon blocks 697, 698, and 742. This field is a subsea tieback to the Thunderhawk Field approximately 20 miles to the northwest. Cumulative field production is approximately 46.1 MMBoe gross (276.9 Bcfe gross). It produces approximately 3,160 barrels of crude oil per day, over 20 barrels of NGLs per day and over 1,390 Mcf of natural gas per day, for total production of over 3,410 Boe per day (approximately 20,480 Mcfe per day).

Mississippi Canyon 582 Field (Medusa)

The Company's Mississippi Canyon 582 field is located off the coast of Louisiana approximately 110 miles south-southeast of New Orleans in over 2,200 feet of water. The field area covers Mississippi Canyon blocks 538, 582 and 583. Cumulative field production is approximately 74.6 MMBoe gross (over 447.8 Bcfe gross). It produces approximately 1,480 barrels of crude oil per day, over 90 barrels of NGLs per day and over 1,210 Mcf of natural gas per day, for total production of over 1,770 Boe per day (approximately 10,602 Mcfe per day).

Company Address

W&T Offshore Inc

9 Greenway Plz Ste 300
HOUSTON   TX   77046-0908
P: +1713.6268525
F: +1713.6268527

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