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W&T Offshore Announces Management Promotion

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W&T Offshore promotes Ford A. Peters to Vice President of Land, recognizing his industry experience and contributions to the company. Peters has over 13 years of industry and land related experience and has served in various positions of increasing responsibility. This promotion solidifies his role in the senior leadership team.
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HOUSTON, Sept. 05, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (the “Company” or “W&T”) today announced the promotion of Ford A. Peters to Vice President of Land.

Tracy W. Krohn, W&T’s Chairman and CEO, commented, “We are very pleased to promote Ford to Vice President of Land, where he will become an integral part of our senior leadership team. Ford has extensive industry experience and over the past two years has demonstrated the depth of his expertise on a variety of key projects at W&T. We look forward to Ford’s continued contributions to our success as a leading Gulf of Mexico operator.”

Ford Peters, who currently serves as Land Manager, joined W&T in 2021 and has since served in various positions of increasing responsibility. Mr. Peters has over 13 years of industry and land related experience. Prior to joining W&T, he held various land and legal related positions with Fieldwood Energy LLC. He has also worked for multiple oil and gas companies as well as real estate firms.

Mr. Peters is a licensed Texas Attorney, Registered Professional Landman, and serves on various industry related Boards including the Outer Continental Shelf Advisory Board and the Houston Association of Professional Landmen. He received his Bachelor of Science degree from Texas A&M University and a Doctor of Jurisprudence from South Texas College of Law.

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 June 30, 2023, the Company had working interests in 46 fields in federal and state waters (which include 38 fields in federal waters and eight in state waters). The Company has under lease approximately 578,000 gross acres (419,000 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 8,000 gross acres in Alabama State waters, 416,500 gross acres on the conventional shelf and approximately 153,500 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
 Sameer Parasnis
Executive VP and CFO
sparasnis@wtoffshore.com
713-513-8654


W&T Offshore, Inc.

NYSE:WTI

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343.65M
97.19M
33.78%
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