W&T Offshore (WTI) Misses Q1 EPS by 34c

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W&T Offshore Announces First Quarter 2015 Financial Results, Operations Update And Second Quarter 2015 Guidance

May 6, 2015 7:00 PM EDT

HOUSTON, May 6, 2015 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) today reported its first quarter 2015 operations and financial results, and 2015 production and expense guidance.  Some of the key items include:

Production for the first quarter of 2015 averaged approximately 49,000 Boe per day (4.4 million Boe in total for the quarter), 53% of which was oil and liquids. Oil production increased 9.4% for the first quarter of 2015 compared to the first quarter of 2014 while natural gas production decreased 2.1%. Our average quarterly realized sales price was $43.04 per barrel for oil, $16.81 per barrel for... More