W&T Offshore, Inc. Provides Production Guidance for Fourth Quarter of 2021
November 02, 2021 at 06:15 pm EDT
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W&T Offshore, Inc. provided production guidance for fourth quarter of 2021. For the quarter, the company expected production of oil to be 1.06 - 1.17 MMBbls; NGLs to be 0.35 - 0.39 MMBbls; Natural Gas to be 10.76 - 11.90 Bcf; Total 3.20 - 3.54 MMBoe; and Total 34.8 - 38.5 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. 
