Operational Updates | Capital Markets | Capital Expenditure
W&T Offshore Reports Increase Permian Production; Update CapEx
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W&T Offshore, Inc. (NYSE: WTI) today announces financial and operational results for the second quarter of 2012. Some of the highlights include:
For the second quarter of 2012, production volumes averaged 48,610 barrels of oil equivalent per day, or 292 MMcf of natural gas equivalent per day, representing a 6.8% increase over the same quarter in 2011. Production volumes were split 33% oil, 13% natural gas liquids ("NGLs") and 54% natural gas. Our average realized sales price was $106.04 per barrel for oil, $44.27 per barrel for NGLs and $2.49 per Mcf for natural gas. High bidder on 11 blocks out of a total of 13 bids totaling $2.5 million in the June Central Gulf of Mexico lease sale. We completed 21 wells, all of which were successful. Two of the completed wells were in the Gulf of…- ✓ Full news archive — U.S., Canada & international coverage
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