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W&T Offshore Amends Revolving Credit Facility

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W&T Offshore Amends Revolving Credit Facility

W&T Offshore, Inc. has amended its existing revolving bank credit facility and modified certain covenants to enhance the Company's financial flexibility.  Details of the amended agreement can be accessed in a Current Report on Form 8-K that we filed with the Securities and Exchange Commission today. 

As a result of the April 2015 semi-annual redetermination, the borrowing base under the bank credit facility was set at $600 million.  At March 31, 2015 we had $514 million drawn under the bank credit facility.