Reserves | Production Rates | Offshore
W&T Production Dips 10% YOY to 15.4 MMBOE; Updates Reserves
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W&T Offshore reported its year-end 2016 proved reserves and production for the fourth quarter and full year of 2016.
Key Points: The Company's year-end 2016 SEC proved reserves were 74.0 MMBOE, or 444.0 Bcfe Production for the fourth quarter of 2016 was 3.7 million Boe (or 22.2 Bcfe), compared to the fourth quarter 2015 of 4.1 million Boe (or 24.7 Bcfe). For the full year 2016, production was 15.4 MMBoe (or 92.2 Bcfe), compared to 17.0 MMBoe (or 102.3 Bcfe) in 2015 - -10% YOY Year-End 2016 Proved ReservesThe Company's year-end 2016 SEC proved reserves were 74.0 MMBOE, or 444.0 Bcfe, with 55% comprised of liquids (44% crude oil and 11% natural gas liquids) and 45% natural gas. Approximately 64% of our 2016 proved reserves were classified as proved developed producing, 23% as proved…
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