W&T Offshore Announces Issuance of Inaugural Environmental, Social and Governance Report
March 25 2021 - 6:00AM
W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”)
today announced that the Company has issued its inaugural
Environmental, Social and Governance (“ESG”) report which is now
available on W&T’s web site, www.wtoffshore.com, under the
“Corporate Responsibility” tab.
This report provides detailed information about
W&T’s ESG initiatives and related key performance indicators
for the three-year period 2018 through 2020. In the creation of
this document, the Company consulted the Sustainability Accounting
Standards Board’s (“SASB”) Oil and Gas Exploration and Production
Sustainability Accounting Standard, the recommendations of the Task
Force on Climate-related Financial Disclosures (“TCFD”), the
Sustainable Development Goals (“SDG’s”) promulgated by the United
Nations and other reporting guidance from industry frameworks and
standards.
Chairman and Chief Executive Officer Tracy W.
Krohn commented, “We founded W&T nearly 40 years ago with core
values centered around safely and sustainably operating our assets.
These core values are a part of our culture and have guided our
success and provided the foundation for W&T to grow into a
trusted operator. We have empowered our management to allocate
resources and tools necessary to create a working environment
focused on accomplishing our ESG objectives. We believe that it is
every employee’s responsibility to ensure that we operate with the
highest regards toward ESG. We invite you to review our inaugural
ESG report to learn more about the progress we have made toward
those goals and our plans to continue to improve our performance in
the future.”
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 43 producing fields
in federal and state waters and has under lease approximately
737,000 gross acres, including approximately 527,000 gross acres on
the Gulf of Mexico Shelf and approximately 210,000 gross acres in
the Gulf of Mexico 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.
CONTACT: |
Al Petrie |
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Janet Yang |
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Investor Relations Coordinator |
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EVP & CFO |
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apetrie@wtoffshore.com |
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investorrelations@wtoffshore.com |
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713-297-8024 |
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713-624-7326 |
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