W&T Offshore, Inc. Provides Production Guidance for Fourth Quarter of 2022
November 09, 2022 at 03:13 am
Share
W&T Offshore, Inc. provided production guidance for fourth quarter of 2022. For the quarter, the company expected production of oil to be 1,332 MBbl to 1,472 MBbl; NGLs to be 385 MBbl to 425 MBbl; Natural Gas to be 10,676 MMcf to 11,800 MMcf; total equivalents to be 3,500 MBoe to 3,860 MBoe; average daily equivalents to be 38.0 MBoe/d to 42.0 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. 
