W&T Announces Participation in Water Tower Research Fireside Chat on March 27, 2024

Rhea-AI Summary

W&T Offshore, Inc. (NYSE: WTI) announces participation in a virtual investor event with Water Tower Research to discuss capital allocation, asset acquisitions, partnership structures, and balance sheet management.

HOUSTON, March 26, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced its participation in a virtual investor event hosted by Water Tower Research (“WTR”) on Wednesday, March 27, 2024 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, such as capital allocation as a risk management tool to maximize free cash flow; sourcing and transacting on accretive producing asset acquisitions in the Gulf of Mexico; partnership structures to manage risks; and managing the balance sheet for opportunistic acquisitions and returning cash to shareholders.

Investors and other interested parties can access the event by registering in advance at:

https://us06web.zoom.us/webinar/register/WN_d3UI0fIuRte0Hwbwv4DwMg#/registration

The presentation will also be available through W&T’s web site, www.wtoffshore.com, on the “Overview” page under the “Investors” tab.

About W&T Offshore

W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico and has grown through acquisitions, exploration and development. As of December 31, 2023, the Company had working interests in 53 fields in federal and state waters (which include 44 fields in federal waters and nine in state waters). The Company has under lease approximately 597,100 gross acres (440,000 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 435,600 gross acres on the conventional shelf, approximately 153,500 gross acres in the deepwater and 8,000 gross acres in Alabama state waters. 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.

CONTACT:

Al Petrie Investor Relations Coordinator apetrie@wtoffshore.com 713-297-8024

Sameer Parasnis Executive VP and CFO sparasnis@wtoffshore.com 713-513-8654

What event did W&T Offshore, Inc. announce its participation in?

W&T Offshore, Inc. announced its participation in a virtual investor event hosted by Water Tower Research.

Who will lead the conversation during the event?

Jeff Robertson, Managing Director at Water Tower Research, will lead the conversation with Tracy Krohn, W&T's Founder, Chairman, and CEO.

What topics will be discussed during the event?

The topics include capital allocation, asset acquisitions in the Gulf of Mexico, partnership structures, and balance sheet management.

How can investors access the event?

Investors can access the event by registering in advance at the provided link or through W&T's website.