Third-quarter revenues decreased by 13.8% to $132.22 million in the third quarter from $153.46 million a year ago and down slightly sequentially.
Total oil equivalent production averaged 41.15K Boepd in the third quarter of 2019. It was up 11.2% from 36.5K Boepd in the year-ago quarter. Liquids (oil and NGL) represented 53%.
The investment thesis that I believe is the best adapted to such E&P producers is to invest with a particular interest in the short term.
The Houston-based W&T Offshore, Inc. (WTI) is a small US independent offshore oil and gas producer founded in 1983. The company operates mainly in the Gulf of Mexico. It is the