W&T Offshore has reported operational and financial results for the third quarter demonstrating increased production to 35.6 thousand barrels of oil equivalent per day (“MBoe/d”) (49% liquids)…
Published
W&T Offshore has reported operational and financial results for the third quarter demonstrating increased production to 35.6 thousand barrels of oil equivalent per day (“MBoe/d”) (49% liquids), near the high end of guidance, and a reported net loss of $71.5 million.
Tracy W. Krohn, W&T’s Chairman of the Board and Chief Executive Officer, commented, “We remain committed to executing our strategic vision and are delivering strong results, including production growth of 6% and Adjusted EBITDA growth of 11% quarter-over-quarter.
“In addition, we continue to grow our cash position and reduce our Net Debt, which is down almost $60 million from year-end 2024. Operationally, we have seen strong production since bringing on the remaining two fields from the Cox acquisition, which has allowed us to increase production each quarter thus far in 2025.
“Acquisitions remain a key component of our success, and it is our ability to integrate and enhance the assets that we acquire that has allowed us to successfully operate for over 40 years. Our balance sheet has continued to strengthen in 2025 with the
Content Original Link:
" target="_blank">
