W&T Offshore

W&T Offshore, Inc. is an independent oil and natural gas producer engaged in exploration and production activities primarily in the Gulf of Mexico and the Permian Basin of West Texas. The company operates approximately 67 offshore fields, including 62 producing fields and five additional fields ready for production. W&T Offshore holds leases covering over 1.2 million gross acres, with significant holdings on the Gulf of Mexico Shelf and in deepwater, as well as onshore acreage in Texas. The company's operations encompass both deepwater drilling and shallow-water shelf drilling, focusing on the extraction of crude oil, natural gas, and natural gas liquids. Crude oil constitutes the majority of its revenue, while natural gas contributes a smaller share. A significant portion of the company’s daily production comes from wells that it operates offshore.