HOME ABOUT CORPORATE RESPONSIBILITY OPERATIONS NEWS & MEDIA INVESTORS CONTACT CAREERS History Overview History Executive Officers Officers Board of Directors Over 37 Years of Growth We’ve Built Deep Expertise in the Gulf of Mexico W&T Offshore has been an independent oil and natural gas producer active in the acquisition, exploration, and development of properties in the Gulf of Mexico since 1983. For the past 37 + years, we have successfully discovered and produced properties on the conventional shelf and in the deepwater across the Gulf of Mexico thanks to the significant technical expertise of our Founder and CEO, Tracy Krohn, and the team he has assembled. We began trading on the NYSE under ticker symbol “WTI” in 2005 and our headquarters is in Houston, Texas. 2021 In January 2021, the Company completed the consolidation of its two onshore natural gas treatment facilities that service the Mobile Bay area into the Onshore Treating Facility (“OTF”) which was acquired in 2019 from ExxonMobil, and closed its Yellowhammer treatment facility. 2020 Acquired remaining interest in Magnolia Field and additional working interest at Mobile Bay. 2019 Closed $168 million acquisition of properties from ExxonMobil in the eastern region of the Gulf of Mexico, offshore Alabama, and related onshore and offshore properties. Acquired a 75% working interest and became the operator of the Magnolia Field from ConocoPhillips for $20.0 million, before closing adjustments adding 4.1 million barrels of oil equivalent proved reserves. 2018 W&T Offshore, along with partners, formed and funded Monza Energy LLC., as a Drilling JV program. Acquired a non-operated working interest in the Heidelberg Field from Cobalt International Energy for $31.1 million, before closing adjustments. 2017 Continued to develop the Mahogany field increasing production and reserves. 2016 Closed exchange offer with new PIK notes and common stock for Senior Notes with 79% participation along with new $75MM financing. 2015 Completed the Yellow Rose Field divestiture of about 26,000 net acres in the Permian Basin for $376 million. Big Bend & Dantzler Fields came online at the end of October and beginning of November. Completed offering of $300 million of senior notes. 2014 Acquired a non-operated interest in the producing Neptune Field and interests in 24 deepwater exploration blocks from Woodside Energy for $65 million. Acquired the remaining interest in the Fairway field and Yellowhammer facility for $24 million. 2013 Acquired interests in various shelf properties and three deepwater fields from Callon Petroleum for $87 million, including the “Medusa” deepwater field at the Mississippi Canyon 582 field. Completed divestitures of $30 million, including the transfer of liabilities, of interest in non-core properties. 2011 Closed $397 million acquisition of oil-producing properties in the Permian Basin of West Texas from Opal Resources and acquired the “Fairway” field (Alabama state waters) and the Yellowhammer onshore treating facility from Shell for $51 million. Completed offering of $600 million of senior notes and repurchased $450 million of senior notes. 2010 Closed $121 million acquisition of two deepwater fields from Total and closed $134 million acquisition of three deepwater fields from Shell. 2009 Completed divestiture of $161 million, including the transfer of liabilities, of interests in non-core properties. 2008 Closed $119 million acquisition of interest in Mahogany field from Apache. 2007 Completed offering of $450 million of senior notes. 2006 Closed $1.2 billion acquisition from Kerr-McGee and completed 9.775 million share follow-on equity offering. 2005 Completed IPO and began trading on the NYSE. 2004 Drilled first operated deep shelf well. 2003 Closed $56 million acquisition from ConocoPhillips. 2002 Drilled W&T’s first operated deepwater well and closed $52 million acquisition from Burlington Resources. 2000 Closed $26 million acquisition from BP Amoco in February, and closed $44 million acquisition from EEX in December which included W&T’s first deepwater well. 1997 Sold W&T’s interests to Hunt at a profit. 1996 Purchased Columbia Gas Development Co. with Hunt Petroleum for $195 million. 1995 to 1996 Drilled over 30 wells on turnkey contracts for other companies. 1988 to 1993 Completed 14 acquisitions. 1988 Purchased the first Offshore property. 1985 Purchased the first production property for $500,000. 1983 Tracy Krohn founded W&T with $12,000. © 2021 W&T Offshore, Inc. All Rights Reserved. PRIVACY POLICY DISCLAIMER SITEMAP