W&T Offshore (WTI) Tops Q4 EPS by 19c

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Go back to W&T Offshore (WTI) Tops Q4 EPS by 19c

W&T Offshore Announces Fourth Quarter 2016 Operational and Financial Results and 2017 Annual Meeting of Shareholders on May 3, 2017

March 1, 2017 5:30 PM EST

HOUSTON, March 1, 2017 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) today reported its fourth quarter 2016 operational and financial results.  Some of the key items for the fourth quarter of 2016 and subsequent period include:

Production averaged 40,300 barrels of oil equivalent ("Boe") per day ( or 3.7 million Boe for the quarter), 55% of which was oil and natural gas liquids ("NGLs"); The Company's year-end 2016 SEC proved reserves were 74.0 million Boe. For comparative purposes, utilizing the forward closing prices on the New York Mercantile Exchange (NYMEX) for crude oil and natural gas on... More