W&T Offshore, Inc. Provides Production Guidance for the Fourth Quarter and Full Year 2024
November 07, 2024 at 04:45 pm EST
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W&T Offshore, Inc. provided production guidance for the fourth quarter and full year 2024. For the quarter, the company expects Oil production of 1,200 MBbl to 1,330 MBbl. NGLs of 260 MBbl to 290 MBbl and Natural gas of 8,800 MMcf to 9,800 MMcf. Total equivalents of 2,929 MBoe to 3,253 MBoe.
For the full year, the company expects Oil production of 5,000 MBbl to 5,500 MBbl, NGLs of 1,150 MBbl to 1,350 MBbl, Natural gas of 34,500 MMcf to 38,500 MMcf and Total equivalents of 11,900 MBoe to 13,267 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. 
