W&T Offshore (WTI) Reports Q2 EPS of $0.22

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Go back to W&T Offshore (WTI) Reports Q2 EPS of $0.22

W&T Offshore Announces Second Quarter 2017 Operational And Financial Results

August 3, 2017 4:18 PM EDT

HOUSTON, Aug. 3, 2017 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) today reported its second quarter 2017 operational and financial results.  Some of the key items for the quarter and subsequent period include:

On June 28, 2017, the Bureau of Ocean Energy Management ("BOEM") filed a Motion for Remand with the Department of the Interior to rescind its four orders issued in 2016 that instructed us to provide additional supplemental bonding of $260.8 million.  We anticipate that within the next few weeks the necessary steps will be completed to allow the BOEM to rescind... More