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W&T Offshore Inc (WTI.N)

WTI.N on New York Stock Exchange

4.56USD
23 Jul 2019
Change (% chg)

$-0.13 (-2.77%)
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Latest Key Developments (Source: Significant Developments)

W&T Offshore Announces Acquisition Of Producing Properties In The Gulf Of Mexico
Thursday, 27 Jun 2019 06:45am EDT 

June 27 (Reuters) - W&T Offshore Inc ::W&T OFFSHORE ANNOUNCES ACQUISITION OF PRODUCING PROPERTIES IN THE GULF OF MEXICO.W&T OFFSHORE ANNOUNCES ACQUISITION OF PRODUCING PROPERTIES IN THE GULF OF MEXICO.W&T OFFSHORE INC - PROPOSED DEAL FOR $200 MILLION.W&T OFFSHORE INC - ACQUISITION WILL BE FUNDED FROM W&T'S AVAILABLE CASH ON HAND AND REVOLVING CREDIT FACILITY..W&T OFFSHORE INC - DEAL ADDS NET PROVED RESERVES OF 74 MILLION BARRELS OF OIL EQUIVALENT.W&T OFFSHORE INC - PRODUCED APPROXIMATELY 19,800 NET BOE PER DAY (25% LIQUIDS) FROM ACQUIRED PROPERTIES IN Q1 OF 2019.  Full Article

W&T Offshore Provides Operational Update
Wednesday, 5 Jun 2019 06:45am EDT 

June 5 (Reuters) - W&T Offshore Inc ::W&T OFFSHORE PROVIDES OPERATIONAL UPDATE.W&T OFFSHORE INC - OIL DISCOVERY AT ITS FIRST EXPLORATION WELL IN 2019 AT GLADDEN DEEP IN DEEPWATER GULF OF MEXICO IN MISSISSIPPI CANYON BLOCK 800..W&T OFFSHORE INC - OWNS A 17.25% INTEREST IN DISCOVERY..W&T OFFSHORE INC - CURRENTLY HAS THREE RIGS RUNNING IN OTHER AREAS OF GULF OF MEXICO AND WILL CONTINUE TO HAVE AN ACTIVE DRILLING PROGRAM THIS YEAR..  Full Article

W&T Offshore Announces Increase In Prospective Acreage
Monday, 25 Mar 2019 06:45am EDT 

March 25 (Reuters) - W&T Offshore Inc ::W&T OFFSHORE ANNOUNCES INCREASE IN PROSPECTIVE ACREAGE AS THE APPARENT HIGH BIDDER ON 15 BLOCKS IN THE LATEST GULF OF MEXICO LEASE SALE.W&T OFFSHORE INC - IF AWARDED, COMPANY WILL PAY APPROXIMATELY $3.5 MILLION FOR ALL OF AWARDED LEASES COMBINED.W&T OFFSHORE INC - ALL OF BLOCKS HAVE A FIVE-YEAR LEASE TERM, WITH EXCEPTION OF ONE OF DEEPWATER BLOCKS WHICH HAS A SEVEN-YEAR LEASE TERM.  Full Article

W&T Offshore Says CEO's FY 2018 Total Compensation Was $6.4 Mln Versus $4.5 Mln In FY 2017
Thursday, 21 Mar 2019 08:24am EDT 

March 21 (Reuters) - W&T Offshore Inc ::W&T OFFSHORE INC SAYS CEO TRACY KROHN'S FY 2018 TOTAL COMPENSATION WAS $6.4 MILLION VERSUS $4.5 MILLION IN FY 2017 - SEC FILING.W&T OFFSHORE INC - FOR 2018, RATIO OF ANNUAL TOTAL COMPENSATION OF CEO TO MEDIAN OF ANNUAL TOTAL COMPENSATION OF ALL EMPLOYEES ESTIMATED TO BE 46 TO 1.  Full Article

W&T Offshore Announces Gulf Of Mexico Joint Exploration And Development Program With Investor Group
Monday, 12 Mar 2018 05:31pm EDT 

March 12 (Reuters) - W&T Offshore Inc ::W&T OFFSHORE ANNOUNCES GULF OF MEXICO JOINT EXPLORATION AND DEVELOPMENT PROGRAM WITH INVESTOR GROUP.W&T OFFSHORE - ‍ANTICIPATED PROJECT LEVEL COMMITMENT FOR DRILLING PROGRAM OF UP TO $419.6 MILLION​.W&T OFFSHORE-RECEIVES INITIAL CASH REIMBURSEMENT OF ABOUT $20 MILLION FOR COSTS ALREADY INCURRED IN RELATION TO DRILLING OF SOME WELLS INCLUDED IN PROGRAM​.W&T OFFSHORE INC - ‍W&T INITIALLY RECEIVES 30.0% OF NET REVENUES FROM DRILLING PROGRAM WELLS​.W&T OFFSHORE INC - ‍UPON INVESTOR GROUP ACHIEVING CERTAIN RETURN THRESHOLDS, W&T'S SHARE OF WELL NET REVENUE INCREASES TO 38.4%​.  Full Article

W&T Offshore Q4 Earnings Per Share $0.16
Wednesday, 28 Feb 2018 07:55pm EST 

Feb 28 (Reuters) - W&T Offshore Inc ::W&T OFFSHORE ANNOUNCES FOURTH QUARTER 2017 OPERATIONAL AND FINANCIAL RESULTS, YEAR-END 2017 PROVED RESERVES, 2018 GUIDANCE AND 2018 CAPITAL PLAN.Q4 EARNINGS PER SHARE $0.16.Q4 REVENUE ROSE 12.1 PERCENT TO $129.1 MILLION.Q4 EARNINGS PER SHARE $0.17 EXCLUDING ITEMS.‍ PRODUCTION FOR Q4 OF 2017 AVERAGED 37,526 BARRELS OF OIL EQUIVALENT PER DAY COMPARED TO 40,254 BOE PER DAY IN Q4 OF 2016​.SEES Q1 TOTAL PRODUCTION 18.7 BCFE- 20.7‍​ BCFE.ESTABLISHED 2018 CAPITAL PROGRAM OF $130.0 MILLION‍​.SEES FY 2018 TOTAL PRODUCTION IN RANGE OF 76.8 BCFE- 84.8‍​ BCFE‍​.  Full Article

W&T Offshore posts Q3 adj. earnings per share $0.04
Wednesday, 1 Nov 2017 07:02pm EDT 

Nov 1 (Reuters) - W&T Offshore Inc :W&T Offshore announces third quarter 2017 operational and financial results.Q3 revenue rose 3 percent to $110.3 million.Q3 loss per share $0.01.Q3 adjusted earnings per share $0.04 excluding items.Q3 earnings per share view $0.02 -- Thomson Reuters I/B/E/S.W&T Offshore Inc says ‍total production was 3.4 million barrels of oil equivalent ("MMBOE") in Q3 of 2017, down from 3.8 MMBOE in Q3 of 2016.​.W&T Offshore Inc sees FY ‍total production of 14.3 MMBOE- 15.2 MMBOE​.W&T Offshore Inc sees Q4 t‍otal production between 3.4 mmboe - 3.8​ mmboe.W&T Offshore - ‍Q4 guidance reflects about 174,000 boe or over five days of production deferrals related to downtime associated with hurricane Nate.  Full Article

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