W&T Offshore, Inc. · Houston, TX United States ·(NYSE: WTI)
Company Description
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This link will open in a new window Offshore exploration suits independent oil and natural gas acquisition, exploration, and production company W&T Offshore to a T. Focusing on exploiting its assets in the Gulf of Mexico, the company has proved reserves of 638.8 billion cu. ft. of natural gas equivalent. It holds some 1.7 million gross acres in the Gulf of Mexico. The company hopes to parlay its successful track record in the Gulf to generate capital for more expensive projects in deepwater (water depths in excess of 500 feet) and deep shelf (well depths in excess of 15,000 feet) areas of the Gulf of Mexico. To read the full description, subscribe now.
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Key W&T Offshore, Inc. Financials
| Company Type | Public - NYSE: WTI Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $1,215.6 |
| 2008 Employees | 299 |
W&T Offshore, Inc. Executives
23 executives listed for W&T Offshore, Inc.'s Houston, TX location.
| Title | Name & Bio | Contact |
| Chairman Emeritus and Secretary | Jerome Freel | Network |
| Chairman and CEO | Tracy Krohn | Network |
| President | Jamie Vazquez | Network |
Competition
Competitive Landscape for W&T Offshore, Inc.
Demand for natural gas depends partly on the health of the US economy and partly on the price of crude oil, a competitive product. The profitability of natural gas companies depends largely on the efficiency of their operations. There are large economies of scale in the production, processing, and distribution of gas, but small companies can effectively compete with large ones in exploration, where technical ability is more important than size. To read the full description, subscribe now.Top W&T Offshore, Inc. Competitors
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