Name | Value |
---|---|
Revenues | 121.4M |
Cost of Revenue | 40.4M |
Gross Profit | 81.0M |
Operating Expense | 100.0M |
Operating I/L | -19.0M |
Other Income/Expense | -22.5M |
Interest Income | 0.0M |
Pretax | -41.5M |
Income Tax Expense | -4.5M |
Net Income/Loss | -36.9M |
W&T Offshore, Inc. is an independent oil and natural gas producer with a focus on the Gulf of Mexico. The company acquires, explores, and develops oil and natural gas properties, selling crude oil, natural gas liquids, and natural gas. With working interests in 43 fields in federal and state waters, and approximately 606,000 gross acres under lease, including both Gulf of Mexico Shelf and deepwater acreage, W&T Offshore, Inc. generates revenue through the production and sale of oil and natural gas.