HOUSTON, Dec. 3, 2018 /PRNewswire/ -- W&T
Offshore, Inc. (NYSE: WTI) today announced that it has established
additional commodity hedge positions.
The Company currently has the following commodity price hedges
in place:
Crude
Oil
|
Quarter
|
|
Instrument
|
|
Average
Volume
|
|
Average
|
|
|
Bbl/d
|
|
Strike
Price
|
|
Floor
|
|
Ceiling
|
4Q18
|
|
WTI
Collars
|
|
2,000
|
|
|
|
$55.00
|
|
$72.75
|
|
|
WTI
Collars
|
|
2,000
|
|
|
|
$60.00
|
|
$69.50
|
|
|
WTI Swaps
|
|
2,000
|
|
$63.80
|
|
$63.80
|
|
$63.80
|
|
|
WTI Swaps
|
|
3,370
|
|
$60.92
|
|
$60.92
|
|
$60.92
|
|
|
WTI Puts
(long)
|
|
5,000
|
|
$60.00
|
|
$60.00
|
|
|
|
|
WTI Calls
(long)
|
|
3,370
|
|
$61.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1Q19
|
|
WTI Swaps
|
|
10,000
|
|
$60.92
|
|
$60.92
|
|
$60.92
|
|
|
WTI Calls
(long)
|
|
10,000
|
|
$61.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2Q19
|
|
WTI Swaps
|
|
10,000
|
|
$60.92
|
|
$60.92
|
|
$60.92
|
|
|
WTI Calls
(long)
|
|
10,000
|
|
$61.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3Q19
|
|
WTI Swaps
|
|
10,000
|
|
$60.92
|
|
$60.92
|
|
$60.92
|
|
|
WTI Calls
(long)
|
|
10,000
|
|
$61.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4Q19
|
|
WTI Swaps
|
|
10,000
|
|
$60.92
|
|
$60.92
|
|
$60.92
|
|
|
WTI Calls
(long)
|
|
10,000
|
|
$61.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1Q20
|
|
WTI Swaps
|
|
10,000
|
|
$60.92
|
|
$60.92
|
|
$60.92
|
|
|
WTI Calls
(long)
|
|
10,000
|
|
$61.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2Q20
|
|
WTI Swaps
|
|
6,703
|
|
$60.92
|
|
$60.92
|
|
$60.92
|
|
|
WTI Calls
(long)
|
|
6,703
|
|
$61.00
|
|
|
|
|
Natural
Gas
|
Quarter
|
|
Instrument
|
|
Average
Volume
|
|
Average
|
|
|
MMBtu/d
|
|
Floor
|
|
Ceiling
|
4Q18
|
|
NYMEX
Collars
|
|
32,152
|
|
$2.55
|
|
$3.76
|
|
|
|
|
|
|
|
|
|
1Q19
|
|
NYMEX
Collars
|
|
50,000
|
|
$2.49
|
|
$3.98
|
|
|
|
|
|
|
|
|
|
2Q19
|
|
NYMEX
Collars
|
|
50,000
|
|
$2.49
|
|
$3.98
|
About W&T Offshore
W&T Offshore, Inc. is an independent oil and natural gas
producer with operations offshore in the Gulf of Mexico and has grown through
acquisitions, exploration and development. The Company
currently has working interests in 48 producing fields in federal
and state waters and has under lease approximately 650,000 gross
acres, including approximately 440,000 gross acres on the Gulf of
Mexico Shelf and approximately 210,000 gross acres in the
deepwater. A majority of the Company's daily production is
derived from wells it operates. For more information on
W&T Offshore, please visit the Company's website at
www.wtoffshore.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements reflect our current views
with respect to future events, based on what we believe are
reasonable assumptions. No assurance can be given, however, that
these events will occur. These statements are subject to risks and
uncertainties that could cause actual results to differ materially
including, among other things, market conditions, oil and gas price
volatility, uncertainties inherent in oil and gas production
operations and estimating reserves, unexpected future capital
expenditures, competition, the success of our risk management
activities, governmental regulations, uncertainties and other
factors discussed in W&T Offshore's Annual Report on Form 10-K
for the year ended December 31, 2017
and subsequent Form 10-Q reports found at www.sec.gov or at our
website at www.wtoffshore.com under the Investor Relations section.
Investors are urged to consider closely the disclosures and risk
factors in these reports.
CONTACT:
|
Lisa
Elliott
|
Janet
Yang
|
|
|
Dennard Lascar
Investor Relations
|
EVP &
CFO
|
|
|
lelliott@dennardlascar.com
|
investorrelations@wtoffshore.com
|
|
|
713-529-6600
|
713-624-7326
|
|
View original
content:http://www.prnewswire.com/news-releases/wt-offshore-provides-additional-hedge-positions-300759348.html
SOURCE W&T Offshore, Inc.