W&T Offshore Awarded “Best Exploration and Production Company in North America – 2019” by World Finance
January 27 2020 - 6:45AM
W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”)
announced today that it has been awarded the "Best Exploration and
Production Company - North America - 2019" by World Finance
Magazine. This prestigious award recognizes W&T’s
accomplishments in the development of North American oil and
natural gas resources.
Tracy W. Krohn, Chairman and Chief Executive
Officer, commented, "We are honored to receive this award which
recognizes W&T’s ability to see opportunity where others see
challenges, thereby demonstrating innovation and ambition even in
difficult industry conditions. This positive recognition for
W&T is a testament to the hard work and commitment of all of
our employees. 2019 was a year filled with many
accomplishments including two accretive acquisitions that
significantly increased production and total reserves. We
were also high bidder on a number of new leases in the Gulf of
Mexico federal lease sales in 2019, adding acreage and potential
drilling opportunities. Operationally, we drilled a range of
development and exploration wells with a 100% success rate.
We plan to carry this positive momentum into 2020 and continue to
accretively add value to W&T."
The complete list of the 2019 World Finance Oil and Gas Awards
can be viewed at:
www.worldfinance.com/awards/oil-gas-awards-2019.
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
54 producing fields in federal and state waters and has under lease
approximately 837,500 gross acres, including approximately 605,000
gross acres on the Gulf of Mexico Shelf and approximately 232,500
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, 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 and Section 21E of the Securities Exchange Act of 1934.
These forward-looking statements reflect W&T’s current views
with respect to future events, based on what it believes 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 the Company’s Annual Report on Form 10-K for
the year ended December 31, 2018 and other public reports posted on
www.sec.gov.
CONTACT: |
Al Petrie |
|
Janet Yang |
|
Investor Relations Coordinator |
|
EVP & CFO |
|
apetrie@wtoffshore.com |
|
investorrelations@wtoffshore.com |
|
713-297-8024 |
|
713-624-7326 |
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