W&T Offshore, Inc. Provides Production Guidance for the First Quarter and Full Year 2024
March 05, 2024 at 04:58 pm EST
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W&T Offshore, Inc. provided production guidance for the first quarter and full year 2024. For the first quarter 2024, the company expected production of Oil to be 1,250 MBbl to 1,400 MBbl, NGLs of 285 MBbl to 315 MBbl, Natural gas of 8,500 MMcf to 9,500 MMcf, Total equivalents of 2,952 MBoe to 3,298 MBoe, Average daily equivalents of 32.4 MBoe/d to 36.2 MBoe/d.
For the full year 2024, the company expected production of Oil to be 5,100 MBbl to 5,800 MBbl, NGLs of 1,150 MBbl to 1,375 MBbl, Natural gas of 37,000 MMcf to 44,500 MMcf, Total equivalents of 12,417 MBoe to 14,592 MBoe, Average daily equivalents of 33.9 MBoe/d to 39.9 MBoe/d.
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. 
