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W&T Offshore (WTI -1.3%) approves a 2013 capital budget of $450M, with ~63% identified...

W&T Offshore (WTI -1.3%) approves a 2013 capital budget of $450M, with ~63% identified as exploratory drilling to drive organic growth of both reserves and production, and 37% directed to oil-focused development. WTI also announces production guidance for Q1 at 4.3M-4.8M boe and 17M-18.7M for full-year 2013.
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