W&T Offshore, Inc. Provides Production Guidance for the Fourth Quarter and Full Year of 2023
November 07, 2023 at 05:21 pm EST
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W&T Offshore, Inc. provided production guidance for the fourth quarter and full year of 2023. For the quarter, the company expects Oil production of 1,200 MBbl to 1,320 MBbl. NGLs of 330 MBbl to 370 MBbl and Natural gas of 9,700 MMcf to 10,750 MMcf.
For the full year, the company expects Oil production of 4,750 MBbl to 5,250 MBbl. NGLs of 1,350 MBbl to 1,480 MBbl and Natural gas of 36,300 MMcf to 40,200 MMcf.
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. 
