W&T Offshore, Inc. Provides Production Guidance for the First Quarter and Full Year of 2022
March 09, 2022 at 11:09 am
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W&T Offshore, Inc. provided production guidance for the first quarter and full year of 2022. For the first quarter, the company expects production of oil of 1,190 – 1,320 MBbl, NGLs of 325 – 360 MBbl, natural gas of 9,600 – 10,600 MMcf, total equivalents of 3,120 – 3,450 MBoe and average daily equivalents of 34.6 – 38.3 MBoe/d.
For the full year, the company expects production of oil of 5,200 – 5,800 MBbl, NGLs of 1,400 – 1,600 MBbl, natural gas of 42,300 – 46,800 MMcf, total equivalents of 13,700 – 15,200 MBoe and average daily equivalents of 37.5 – 41.5 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. 
