Welcome to our dedicated page for W&T Offshore news (Ticker: WTI), a resource for investors and traders seeking the latest updates and insights on W&T Offshore stock.
W&T Offshore, Inc. reports recurring developments tied to its offshore oil, natural gas and NGL business in the Gulf of America. The company operates as an independent producer with working interests in federal and state waters off Louisiana, Texas, Mississippi and Alabama, including conventional shelf, deepwater and Alabama state-water acreage.
Company news commonly covers quarterly and annual operating results, production mix, commodity prices, revenue, lease operating metrics, depreciation, depletion and amortization, asset retirement obligations, proved reserves and guidance. Updates also include dividend declarations, acquisition and development activity, capital-structure matters, shareholder voting items and governance disclosures.
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W&T Offshore announced that Janet Yang, the Chief Financial Officer, will leave the company on May 11, 2023, for family reasons. She has served the company for 14 years, contributing to its success and financial initiatives. During the transition period, Trey Hartman, currently Vice President and Chief Accounting Officer, will act as Interim CFO. The company has initiated a search for a new CFO. Yang expressed gratitude for the opportunities she received during her tenure, stating confidence in the company’s future under its current management team. W&T Offshore operates in the Gulf of Mexico and holds interests in 47 offshore fields, focusing on oil and natural gas production.