W&T Offshore, Inc. (WTI) - NYSE
  • Fri, Apr. 15, 5:36 PM
    • Top gainers, as of 5.25 p.m.: VIV +11.8%. GOV +2.7%. CARA +1.9%. XNPT +1.6%.
    • Top losers, as of 5.25p.m.: MGA -11.1%. WTI -3.2%. FOXF -1.8%. HMY -1.8%
    | Fri, Apr. 15, 5:36 PM
  • Mon, Mar. 28, 1:20 PM
    • W&T Offshore (WTI -4.6%) faces a financial crunch after a lender redetermination cut its borrowing base to $150M from $350M, the company announced after Thursday's close.
    • WTI says drew $340M on its revolving bank credit facility during February and now has borrowings of $191M in excess of the redetermined borrowing base.
    • Stone Energy (SGY -13.6%), another company that has drawn down most of the amount remaining under its credit facility, also is lower after the U.S. Bureau of Energy Management determined that SGY no longer qualifies for a supplemental bonding waiver.
    | Mon, Mar. 28, 1:20 PM | 14 Comments
  • Thu, Mar. 17, 9:15 AM
    | Thu, Mar. 17, 9:15 AM
  • Mon, Mar. 14, 9:17 AM
    | Mon, Mar. 14, 9:17 AM | 2 Comments
  • Fri, Mar. 11, 9:17 AM
    | Fri, Mar. 11, 9:17 AM | 9 Comments
  • Tue, Mar. 8, 5:46 PM
    | Tue, Mar. 8, 5:46 PM
  • Dec. 15, 2015, 10:40 AM
    • W&T Offshore (WTI +3.2%) is higher after announcing a significant discovery at the Ewing Banks field in the deepwater Gulf of Mexico, and saying the high quality pay sands should allow for higher reserve recovery.
    • The Ewing Banks 954 A-8 exploratory well, which recently reached total depth, marks the second discovery in a two-well drilling program from the EW 910 platform in the Gulf, and W&T says it now expects to begin production from both wells early next year with a projected 2,300 boe/day each.
    • W&T says the discovery also helps de-risk several additional opportunities it has identified as part of future plans to drill and develop the area.
    | Dec. 15, 2015, 10:40 AM | 3 Comments
  • Aug. 25, 2015, 5:40 PM
    • Top gainers, as of 5.25 p.m.: QUNR +14.0%. ARRS +11.0%. OSK +11.0%. DY +8.6%. SLH +6.7%.
    • Top losers, as of 5.25p.m.: RIG -7.5%. TVIX -4.4%. WTI -3.0%. JNS -2.5%. CLLS -2.0%.
    | Aug. 25, 2015, 5:40 PM | 1 Comment
  • Mar. 26, 2015, 5:39 PM
     
    • Top gainers, as of 5:15 p.m.: CMCM +12.8%. OXM +9.2%. SFY +4.9%. SGMS +4.3%. RICE +3.9%.
    • Top losers, as of 5:15 p.m.: WTI -6.6%. GME -5.7%. RH -5.1%. SGNT -3.9%. SSE -3.6%.
    | Mar. 26, 2015, 5:39 PM
  • Jan. 5, 2015, 5:35 PM
    • Top gainers, as of 5:15 p.m.: NERV +87.5%. ANTH +11.0%. WTI +10.2%. GST +9.0%. RICE +8.8%.
    • Top losers, as of 5:15 p.m.: CYBX -8.1%. CERS -4.9%. ECR -3.1%. JNUG -2.7%. AU -2.5%.
    | Jan. 5, 2015, 5:35 PM
  • Oct. 9, 2014, 12:46 PM
    | Oct. 9, 2014, 12:46 PM | 4 Comments
  • Sep. 25, 2014, 12:15 PM
    • W&T Offshore (WTI -2.7%) is upgraded to Buy from Accumulate with an $18 price target at KLR Group, which also sees a potential 45% upside to its target.
    • KLR forecasts WTI to grow liquid volumes by 30% in 2016, sparked by the Big Bend and Dantzler prospects; the Big Bend well is projected to begin production in late 2015.
    • The firm sees future catalysts ahead with WTI’s new oil well at its Mahogany field, where production should begin this Q4.
    • Shares aren't being helped by the upgrade, as energy stocks are faring poorly in today's broad market selloff.
    | Sep. 25, 2014, 12:15 PM
  • Mar. 7, 2014, 8:58 AM
    • W&T Offshore (WTI) -5.6% premarket after Q4 earnings swung to a loss despite rising production, due to deferred debt costs, an unplanned workover and higher than expected depreciation, depletion and amortization.
    • The unplanned operation on the A-12 well at the offshore Mahogany field in Ship Shoal Block 349 to resolve "a casing pressure issue" resulted in additional Q4 cost of $13.6M.
    • WTI produced an average of 56.1K boe/day during Q4, a 14.4% Y/Y increase; 35% was oil and 54% was natural gas.
    • Sees Q1 total production of 4.3M-4.7M boe; sees FY 2014 total production of 17.1M-18.9M boe.
    | Mar. 7, 2014, 8:58 AM
  • Jan. 14, 2014, 10:56 AM
    • W&T Offshore (WTI+5.2% after reporting progress with U.S. regulators concerning certain aspects of its operations on federal oil and gas leases in the Gulf of Mexico.
    • WTI says it has met with the EPA's suspension and debarment official, and discussions are continuing to seek to remove the suspension from participation in federal contracts.
    • The suspension is directed toward the parent company but does not affect or limit its operations on federal oil and gas leases it presently holds; it also does not affect its W&T Energy VI subsidiary, a significant leaseholder in the Gulf of Mexico.
    | Jan. 14, 2014, 10:56 AM
  • Nov. 29, 2013, 11:31 AM
    | Nov. 29, 2013, 11:31 AM | 1 Comment
  • Nov. 29, 2013, 11:20 AM
    • W&T Offshore (WTI -10.1%) said Wednesday it is facing suspension from federal contracts due to pollution issues from 2009.
    • The EPA is proposing a three-year debarment from participation in future federal contracts, among other federal benefits; WTI says the actions are undeserved and do not reflect its recent record of responsibility and compliance in its Gulf of Mexico operations.
    • The news prompts CapitalOne to downgrade shares to Neutral from Add.
    | Nov. 29, 2013, 11:20 AM
Company Description
W&T Offshore, Inc. is an oil and natural gas producing company which is engaged in the acquisition, exploitation, and development of oil and natural gas properties primarily in the Gulf of Mexico and onshore in the Permian Basin of West Texas. The company also has offshore leases across the... More
Industry: Oil & Gas Drilling & Exploration
Country: India