Print 
W&T Offshore, Inc. has recently added new West Texas Intermediate crude oil hedge positions for the period from June 2020 through December 2020.
These additional positions include:
| Time Period | Instrument | Volume | Average Price | |||
| Barrels per day |
Floor | Ceiling | ||||
| Jun Dec '20 | WTI Costless Collars | 1,000 | $45.00 | $63.60 | ||
| WTI Costless Collars | 9,000 | $45.00 | $63.50 | |||
| WTI Calls (long) | 10,000 | $67.50 | $67.50 | |||
A complete summary of the Company's currently outstanding crude oil and natural gas derivative positions is included in the table below.
Tracy W. Krohn, Chairman and Chief Executive Officer, commented, "We believe our expanded hedge portfolio will provide us with increased cash flow stability in 2020 and beyond as we continue to pursue our strategy of being opportunistic while maintaining strong free cash flow."
| W&T OFFSHORE, INC. AND SUBSIDIARIES | |||||||||
| Financial Commodity Derivative Positions | |||||||||
| As of December 5, 2019 | |||||||||
| strong>Crude Oil | strong>Natural Gas | ||||||||
| Time Period | Instrument | Volume | Average | Time Period | Instrument | Volume | Average | ||
| Bbl/d | Floor | Ceiling | Mcf/d | Floor | Ceiling |
||||
| 4Q19 | WTI Swaps | 10,000 | $60.92 | $60.92 | 12/1/19 - 12/31/2022 | HH Calls (Long) | 40,000 | $3.00 | $3.00 |
| WTI Calls (long) | 10,000 | $61.00 | $61.00 | ||||||
| 1Q20 | WTI Swaps | 10,000 | $60.92 | $60.92 | |||||
| WTI Calls (long) | 10,000 | $61.00 | $61.00 | ||||||
| Apr-May'20 | WTI Swaps | 10,000 | $60.92 | $60.92 | |||||
| WTI Calls (long) | 10,000 | $61.00 | $61.00 | ||||||
| Jun - Dec'20 | WTI Costless Collars | 1,000 | $45.00 | $63.60 | |||||
| WTI Costless Collars | 9,000 | $45.00 | $63.50 | ||||||
| WTI Calls (long) | 10,000 | $67.50 | $67.50 | ||||||
More Hedging News
Earthstone Energy Talks 2022 Results; Plans Five-Rig Program for 2023
Earthstone Energy, Inc. announced financial and operating results for the quarter and year ended December 31, 2022. 2023 Guidance The Company reaffirms its guidance released on February 16,…
Vermilion Energy Inc. Second Quarter 2022 Results
Vermilion Energy Inc. reported its second quarter 2022 results. Highlights: Q2 2022 fund flows from operations (“FFO”)(1) was $453 million ($2.75/basic share)(2) and free cash flow (“FCF”)(3) was…
Crescent Energy Co. Second Quarter 2022 Results
Crescent Energy Co. announced financial and operating results for the second quarter of 2022 and a quarterly cash dividend of $0.17 per share. Second Quarter 2022 Highlights: Produced…
Murphy Oil Second Quarter 2022 Results
Murphy Oil Corp. announced its financial and operating results for the second quarter ended June 30, 2022. Murphy reported net income attributable to Murphy of $351 million, or…
Silverbow Resources Second Quarter 2022 Results
SilverBow Resources, Inc. announced operating and financial results for the second quarter of 2022. Highlights include: Reported net production of 238 million cubic feet of natural gas equivalent…
Gulf of Mexico News
Harbour Energy Strikes $3.2B Deal to Buy LLOG, New Core Business
December 2025 — Harbour Energy plc has agreed to acquire 100% of LLOG Exploration Company LLC for $3.2 billion, marking a strategic entry into the deepwater U.S. Gulf…
Harbour Energy Enters U.S. Deepwater With $3.2B LLOG Acquisition
Harbour Energy has agreed to acquire LLOG Exploration Company LLC for $3.2 billion, marking Harbour’s strategic entry into the deepwater U.S. Gulf of America and establishing what it…
APA Corporation First Quarter 2023 Results
APA Corporation announced first quarter 2023 results. Highlights Reported production of 394,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax…
Evolution Petroleum Corporation Fiscal Third Quarter 2023 Results
Evolution Petroleum Corporation announced fiscal third quarter 2023 results. Highlights Reported sequential growth in revenue of 9% to a record $36.9 million and in net income of 34%…
W&T Offshore, Inc., First Quarter 2023 Results
W&T Offshore, Inc., announced first quarter 2023 results. Highlights Reported first quarter 2023 production of 32.5 thousand barrels of oil equivalent per day ("MBoe/d") (56% liquids), or 2.9…
Offshore News
Talos Energy Inc. First Quarter 2023 Results
Talos Energy, Inc.announced first quarter 2023 results. Highlights Authorized a $100.0 million share repurchase program in March 2023 and repurchased 1.9 million shares through the end of the…
Kosmos Energy Ltd. First Quarter 2023 Results
Kosmos Energy Ltd. announced first quarter 2023 results. Highlights Net Production(2): ~58,800 barrels of oil equivalent per day (boepd), with sales of ~61,100 boepd Revenues: $394 million, or…
Marathon Oil Corporation First Quarter 2023 Results
Marathon Oil Corporation First Quarter 2023 Results Highlights Continued delivery against differentiated Return of Capital Framework, exceeding commitment to return at least 40% of adjusted CFO to shareholders…
Murphy Oil Corporation First Quarter 2023 Results
Murphy Oil Corporation announced first quarter 2023 results. Highlights Exceeded upper end of guidance range with production of 172.5 thousand barrels of oil equivalent per day (MBOEPD), including…
Hess Corporation First Quarter 2023 Results
Hess Corp. announced its first quarter 2023 results. Highlights Net income was $346 million, or $1.13 per share, compared with net income of $417 million, or $1.34 per…