Last $13.69 USD
Change Today -0.14 / -1.01%
Volume 139.4K
WTI On Other Exchanges
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Frankfurt
As of 11:33 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Nine Greenway Plaza

Suite 300

Houston, TX 77046

United States

Phone: 713-626-8525

Fax:

W&T Offshore, Inc. is engaged in the exploration, development and acquisition of oil and natural gas properties primarily in the Gulf of Mexico and Texas. The company’s interest in fields, leases, structures and equipment are primarily owned by the parent company, W&T Offshore, Inc. and its wholly-own subsidiary, W&T Energy VI, LLC. As of December 31, 2013, the company had interests in offshore leases covering approximately 1.1 million gross acres (0.7 million net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama. Onshore, the company has leasehold interests in approximately 0.2 million gross acres (0.2 million net acres), substantially all of which are in Texas. Reserves The company’s total proved reserves, as of December 31, 2013 were 117.7 million barrels of oil equivalent (MMBoe) or 705.9 billion cubic feet equivalent (Bcfe). Business Strategy The company plans to continue to acquire, explore and develop oil and natural gas reserves on the Outer Continental Shelf (OCS). Customers The company’s major customer includes Shell Trading (US) Co. Regulations The company's majority of operations are conducted on federal oil and natural gas leases, which are administered by the Bureau of Ocean Energy Management pursuant to the Outer Continental Shelf Lands Act. Air emissions from its operations are subject to the Clean Air Act and comparable state and local requirements. The company’s oil and natural gas operations include a production platform in the Gulf of Mexico located in a National Marine Sanctuary. As a result, the company is subject to additional federal regulation, including regulations issued by the National Oceanic and Atmospheric Administration. History W&T Offshore, Inc. was founded in 1983.

 

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