W&T Offshore Announces Retirement of Steve L. Schroeder and Names Huan Gamblin Vice President of Business Development
May 10 2022 - 4:51PM
W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”)
today announced that Stephen L. Schroeder, Senior Vice President
and Chief Technical Officer, is retiring effective June 1, 2022.
Mr. Schroeder joined W&T in 1998 as a Staff Reservoir Engineer
and has since served in a variety of management roles including
Production Manager, Vice President of Production, and Senior Vice
President and Chief Operating Officer, until assuming his current
role in 2012. Prior to W&T, Mr. Schroeder was with Exxon USA
for 12 years.
Huan Gamblin, who currently serves as Manager of
Acquisition and Divestiture, is being promoted to Vice President of
Business Development and will assume the majority of Mr.
Schroeder's responsibilities. Mr. Gamblin has 17 years of domestic
and international industry experience, and he joined W&T in
2020. Prior to W&T, he was the Algeria Reservoir Engineering
Manager with Occidental Petroleum. Before Occidental, Mr. Gamblin
held increasing responsibility at various engineering positions at
Anadarko Petroleum's US Onshore, Gulf of Mexico, and International
assets. He is a graduate of The University of Texas and holds a
bachelor's degree in Petroleum Engineering.
Tracy W. Krohn, Chairman and Chief Executive
Officer, commented, “Steve has been a valued member of our
management team for over 24 years. During his tenure, he served us
well in a variety of operational leadership roles and in recent
years, he has been instrumental in the analysis and successful
closing of many of W&T’s acquisitions. We wish him our best in
a well-earned retirement. Steve developed an experienced team who
will continue to assist executive management in our ongoing search
for accretive acquisitions. We are pleased to name Huan Gamblin,
who worked closely with Steve, as our new Vice President of
Business Development.”
About W&T OffshoreW&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. As of March 31, 2022,
the Company had working interests in 47 fields in federal and state
waters and has under lease approximately 655,000 gross acres,
including approximately 474,000 gross acres on the Gulf of Mexico
Shelf and approximately 181,000 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 PetrieInvestor Relations
Coordinatorapetrie@wtoffshore.com713-297-8024 |
Brent CollinsDirector of Investor
Relationsbcollins1@wtoffshore.com713-624-7364 |
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