Quarterly / Earnings Reports | Production | Second Quarter (2Q) Update | Financial Results | Capital Markets
W&T Offshore Sees Sunshine After BOEM / DOI Filings
W&T Offshore experienced healthy growth in 2Q17 in production, operating income, and LOE declines. The company is moving forward from the looming BOEM filings with confidence that all pending orders will be rescinded here quickly.
Highlights for 2Q17:
- Production avg'd 43,084 Boe/d (~3.9 MMBoe cumm.) - 58% Oil and NGL vs 42,864 Boe 2Q16
- Revenues were $123.3 MM, up ~24% over 2Q16
- LOE declined by $5.1 MM to $31.5 MM
- Operating income was $32.9 MM vs $127.0 MM loss in 2Q16
Tracy W Krohn, Chairman and CEO, is happy to report that W&T is "perform[ing] exceptionally well and offers substantial upside potential."
Related Categories :
Second Quarter (2Q) Update
More Second Quarter (2Q) Update News
-
Saturn Oil & Gas Second Quarter 2022 Results
-
Empire Petroleum Second Quarter 2022 Results
-
ProFrac Holding Corp. Second Quarter 2022 Results
-
InPlay Oil Corp. Second Quarter 2022 Results
-
Vermilion Energy Inc. Second Quarter 2022 Results
Gulf of Mexico News >>>
-
APA Corporation First Quarter 2023 Results -
-
Evolution Petroleum Corporation Fiscal Third Quarter 2023 Results
-
W&T Offshore, Inc., First Quarter 2023 Results
-
Talos Energy Inc. First Quarter 2023 Results -
-
Kosmos Energy Ltd. First Quarter 2023 Results