By Sarfaraz A. Khan and Gohar Yousuf
W&T Offshore (NYSE:WTI) is a 30-year old independent oil and natural gas producer with more than 26 years of experience of operating offshore oil and gas properties. The company was founded, and is currently headed, by the business mogul and racing enthusiast Tracy Krohn. The company has offshore operations at the Gulf of Mexico, which is the backbone of the business, and onshore operations at the Permian Basin, mainly in West Texas. The company has grown on the back of exploration and development as well as acquisitions. The company's acreage is primarily offshore property and more than half of its reserves are liquids.
However, the company's growth ambitions received a...
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