W&T Offshore (WTI) cuts its production estimate for the year, citing the effects of...


W&T Offshore (WTI) cuts its production estimate for the year, citing the effects of production deferrals resulting from multiple third-party pipeline outages, production delays and lower natural gas liquids production. WTI sees oil and natural gas liquids production of 8M-8.1M barrels vs. a prior view of 8M-8.3M, and natural gas production of 53.3B-54.4B cubic ft. vs. 54.7B-56.8B prior.

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