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W&T Announces Participation in Water Tower Research Fireside Chat on Thursday, June 15, 2023

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HOUSTON, June 13, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced its participation in an investor event hosted by Water Tower Research (“WTR”) on Thursday, June 15, 2023 at 10:00 AM Central.

As part of WTR’s ongoing Fireside Chat Series, Jeff Robertson, Managing Director at WTR, will lead an in-depth conversation with Tracy Krohn, W&T’s Founder, Chairman and Chief Executive Officer. Included in the discussion will be a variety of important topics, including the Company’s long history of generating cash flow and profitable growth in the Gulf of Mexico, the acquisition opportunities in the Gulf of Mexico, the Company’s ongoing commitment to strengthening its balance sheet, and management’s strategy to enhancing long-term shareholder value.

Investors and other interested parties can access the event by registering in advance at https://us06web.zoom.us/webinar/register/WN_0lidgZFMRTqGjVUtQKrTFA.

About W&T Offshore

W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico. As of March 31, 2023, the Company had working interests in 47 fields (39 in federal waters and eight in state waters). The Company has under lease approximately 625,000 gross acres (457,000 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with 8,000 gross acres in Alabama State waters, 458,000 gross acres on the conventional shelf and 159,000 gross acres in the deepwater. A majority of the Company’s daily production is derived from wells it operates. For more information on W&T, please visit the Company’s website at www.wtoffshore.com.

CONTACTS:Al Petrie
Investor Relations Coordinator
investorrelations@wtoffshore.com
713-297-8024                     
Trey Hartman
Interim CFO and VP CAO
thartman@wtoffshore.com 
713-624-7224

 


W&T Offshore, Inc.

NYSE:WTI

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342.18M
97.19M
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44.38%
13.31%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
HOUSTON

About WTI

we are an independent oil and natural gas acquisition, exploitation and exploration company. we are focused primarily in the gulf of mexico area, where we have developed significant technical expertise and where the high production rates associated with hydrocarbon deposits have historically provided us the best opportunity to achieve a rapid payback on our invested capital. we own working interests in approximately 77 fields in federal and state waters, and have interests in leases covering approximately 0.9 million acres. our proved reserves at december 31, 2009 were 371 bcfe, with a pre-tax pv-10 of $890.0 million (including plug and abandonment cost). of those, 76% were proved developed reserves and 45% were natural gas reserves. we are headquartered in houston, texas and trade on the nyse under the symbol "wti"​. for more information, please visit our website at www.wtoffshore.com