W&T Offshore, Inc. Provides Production Guidance for the Third Quarter and Full Year of 2022
August 08, 2022 at 07:09 am EDT
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W&T Offshore, Inc. provided production guidance for the third quarter and full year of 2022. For the quarter, the company expects oil production to be in the range of 1,350 MBbl and 1,550 MBbl, NGLs production to be in the range of 335 MBbl and 375 MBbl, Natural gas production to be in the range of 11,300 MMcf and 12,800 MMcf and total equivalents to be in the range of 3,550 MBoe and 4,050 MBoe.
For the full year, the company expects oil production to be in the range of 5,450 MBbl and 5,800 MBbl, NGLs production to be in the range of 1,420 MBbl and 1,500 MBbl, Natural gas production to be in the range of 45,300 MMcf and 48,200 MMcf and total equivalents to be in the range of 14,450 MBoe and 15,450 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. 
