W&T Offshore Announces Change in Senior Management
04/11/2022 - 04:30 PM
HOUSTON, April 11, 2022 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that Shahid A. Ghauri, W&T’s Vice President, General Counsel and Corporate Secretary is leaving the Company to pursue other personal interests. Nadege Assale, who has served as Assistant General Counsel for the past two years, will assume the role of Acting General Counsel until Mr. Ghauri’s successor is named. Mr. Ghauri will remain with W&T through April 22, 2022 to assist in the transition.
Tracy W. Krohn, Chairman and Chief Executive Officer, commented, “We appreciate Shahid’s dedicated efforts during his five years with the Company. He has been a trusted advisor to management and our Board, as well as being actively involved in the many transactions we completed during his tenure. We will miss his insight and wish him the very best in the future.”
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, 2021, the Company had working interests in 43 fields in federal and state waters and has under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf and approximately 187,000 gross acres in the Gulf of Mexico 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 .
CONTACT: Al Petrie Brent Collins
WTI Rankings
#4521 Ranked by Stock Gains
WTI Stock Data
Industry
Crude Petroleum and Natural Gas Extraction
Sector
Mining, Quarrying, and Oil and Gas Extraction
Tags
Energy Minerals, Oil & Gas Production
Country
US
City
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
