WTI Profile
W&T Offshore, Inc. is an independent oil and natural gas exploration and production company primarily engaged in the acquisition, exploration, and development of hydrocarbon properties within the Gulf of Mexico. The company's operations are focused on extracting and selling crude oil, natural gas liquids, and natural gas, leveraging its extensive portfolio of assets in this region. With a strategic emphasis on the Gulf of Mexico, W&T Offshore manages a significant acreage position and operates across various depths and fields in the area.
As of December 31, 2021, W&T Offshore held working interests in 43 oil and gas fields located in both federal and state waters. The company controls approximately 606,000 gross acres under lease, including about 419,000 gross acres on the Gulf of Mexico Shelf and 187,000 gross acres in the Gulf of Mexico's deepwater zones. This extensive leasehold position underpins the company’s operational strategy and provides a solid foundation for future exploration and production activities.
The company's operational strategy involves leveraging advanced technologies and expertise to enhance the development of its existing assets while pursuing opportunities for new discoveries. W&T Offshore focuses on optimizing production from its fields through efficient management practices and innovative techniques. The company's activities include drilling new wells, performing field redevelopment, and implementing enhanced oil recovery techniques to maximize asset value.
Founded in 1983, W&T Offshore, Inc. is headquartered in Houston, Texas, and has established itself as a key player in the Gulf of Mexico oil and gas sector. The company’s ongoing efforts in exploration and development, combined with its substantial acreage position, are integral to its growth strategy and commitment to delivering value to its stakeholders.
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