W&T Offshore (WTI) Tops Q2 EPS by 11c

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W&T Offshore Announces Second Quarter 2016 Operations and Financial Results along with Third Quarter and Full Year 2016 Production and Expense Guidance

August 4, 2016 4:30 PM EDT

HOUSTON, Aug. 4, 2016 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) today reported its second quarter 2016 operations and financial results, as well as its 2016 third quarter and full year production and expense guidance.  Some of the key items and subsequent events include:

On July 25, 2016, we announced the commencement of an exchange offer to qualifying holders of our 8.50% Senior Notes due 2019 (the "8.50% Senior Notes") for new secured and unsecured notes and common stock that could result in a debt reduction of up to $518 million. We also announced that we have... More