Detail akcie W&T Offshore online

Business Summary: W&T Offshore, Inc. is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. It has a working interest in over 53 offshore producing 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 onshore. The Company's wholly owned subsidiaries consists of Aquasition Energy, LLC, Aquasition, LLC, Aquasition II, LLC, Aquasition III, LLC, Aquasition IV, LLC, Aquasition V, LLC, Green Hell, LLC, Seaquester, LLC, Seaquestration, LLC, and W & T Energy VI, LLC.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, W&T Offshore, Inc. revenues decreased 42% to $532.7M. Net income decreased 93% to $15.6M. Revenues reflect Crude Oil Production, Total decrease of 10% to 5.1M barrels, Oil Equivalent Production (Units/day) decrease of 13% to 35K barrels per day, Natural gas decrease of 66% to $110.2M, Oil NGLs decrease of 27% to $381.4M. Net income also reflects Avg. Production Costs per Barrel.