W&T Offshore, Inc. Provides Operating Guidance for the Second Quarter and Full Year of 2022
May 03, 2022 at 04:52 pm EDT
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W&T Offshore, Inc. provided operating guidance for the second quarter and full year of 2022. For the quarter, the company expects production of Oil in the range of 1,325 MBbls to 1,450 MBbls, NGL's in the range of 370 MBbls to 410 MBbls, Natural Gas in the range of 10,600 MMcf to 11,750 MMcf, Total equivalents in the range of 3,450 MBoe to 3,850 MBoe.
For the full year of 2021, the company expects production of Oil in the range of 5,300 MBbls to 5,900 MBbls, NGL's in the range of 1,450 MBbls to 1,600 MBbls, Natural Gas in the range of 43,000 MMcf to 47,500 MMcf, Total equivalents in the range of 13,950 MBoe to 15,400 MBoe.
W&T Offshore, Inc. is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. It has a working interest in over 53 offshore producing fields in federal and state waters (which include 44 fields in federal waters and nine in state waters). The Company has under lease approximately 597,100 gross acres (440,000 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 435,600 gross acres on the conventional shelf, approximately 153,500 gross acres in the deepwater and 8,000 gross acres in Alabama onshore. The Company's wholly owned subsidiaries consists of Aquasition Energy, LLC, Aquasition, LLC, Aquasition II, LLC, Aquasition III, LLC, Aquasition IV, LLC, Aquasition V, LLC, Green Hell, LLC, Seaquester, LLC, Seaquestration, LLC, and W & T Energy VI, LLC.
W&T OFFSHORE, INC. 
