Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Value Continues to Grow for W&T Offshore in the Permian
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W&T Offshore, Inc. has reported first quarter 2014 financial and operational results.
Some of the highlights include: The Mississippi Canyon 243 A-5 side-track well at our "Matterhorn" field was brought online in early January and averaged over 1,000 barrels of oil equivalent ("Boe") per day net to W&T throughout the first quarter. The Mississippi Canyon 698 #1 "Big Bend" discovery well was recently completed and is now waiting on facilities installation to bring it on production in 2015. Production for the first quarter of 2014 averaged 48,400 Boe per day (51.7% oil and liquids), and our average realized sales price was $98.56 per barrel for oil, $38.26 per barrel for natural gas liquids ("NGLs") and $5.02 per thousand cubic feet ("Mcf") for natural gas. Net income for the first quarter…- ✓ Full news archive — U.S., Canada & international coverage
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