Friday, December 18, 2020


WTI W&T Offshore, Inc. gains 18% Dec 18, 2020

W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. It sells crude oil, natural gas liquids, and natural gas. The company holds working interests in approximately 54 offshore fields in federal and state waters. It also owns interests in approximately 164 offshore structures. As of December 31, 2016, the company had interests in offshore leases covering approximately 450,000 net acres spanning across the Outer Continental Shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama. Its total proved reserves were 74.0 million barrels of oil equivalent. The company was founded in 1983 and is headquartered in Houston, Texas.

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