W&T Offshore, Inc. WTI

WTI Company Overview

W&T Offshore, Inc. is an independent oil and natural gas exploration and production company focused primarily on offshore assets in the Gulf of America (formerly Gulf of Mexico). The company acquires, develops, and produces crude oil, natural gas liquids (NGLs), and natural gas from mature and conventional offshore fields. W&T Offshore operates in the upstream energy industry, with revenue primarily generated through hydrocarbon production and commodity sales tied to market energy prices.

The company’s core business model centers on acquiring producing offshore properties and extending their productive lives through operational optimization, reserve development, infrastructure management, and targeted drilling programs. W&T Offshore has historically differentiated itself through expertise in mature offshore asset management and cost-efficient operations in shallow-water and deepwater environments. Founded in 1983 by Tracy W. Krohn, the company evolved from a privately held exploration firm into a publicly traded operator listed on the NYSE under the ticker WTI. Over time, the company expanded through acquisitions of offshore producing properties and infrastructure assets from larger integrated energy companies seeking portfolio rationalization.