W&T Offshore
W&T Offshore, founded in 1983, specializes in the acquisition, exploration, and development of oil and gas properties in the Gulf of Mexico, holding interests in 53 offshore fields and managing a diverse portfolio of shelf and deepwater projects.
Company History
W&T Offshore was founded in 1983. Since its inception, the company has focused on the acquisition, exploration, and development of oil and gas properties in the Gulf of Mexico. With decades of experience, W&T Offshore has grown to hold working interests in 53 offshore fields in both federal and state waters.
Operations in the Gulf of Mexico
W&T Offshore operates under leases covering approximately 597,000 gross acres across the U.S. Gulf of Mexico. It boasts a diverse portfolio that includes both shelf and deepwater projects. The majority of the company’s daily production comes from wells it operates. Since 2011, W&T Offshore has achieved a drilling success rate of approximately 89%.
Joint Venture Projects
W&T Offshore has entered into a joint venture in the Gulf of Mexico with a significant commitment of $361.4 million for the development of 14 pre-identified projects. This initiative is part of the company's broader strategy to expand its exploration and development activities in the region.
Safety and Environmental Responsibility
W&T Offshore is committed to safety and environmental responsibility, adhering to high standards of health, safety, environmental, and regulatory behavior. The company prioritizes creating a safe working environment and minimizing its environmental impact while conducting its operations in the Gulf of Mexico.