W&T Offshore, Inc. Overview
Pro stress-test →W&T Offshore is an independent oil and natural gas producer, active in the exploration, development and acquisition of oil and natural gas properties in the Gulf of America. As of March 31, 2026, the company holds working interests in 48 producing offshore fields in federal and state waters. In May 2026, the company reported Q1 2026 results with strong operational performance and declared a second quarter 2026 dividend of $0.01 per share.
Strategic Profile
Pro stress-test →W&T Offshore has transitioned to a "production enhancement" model rather than high-risk exploration, successfully increasing production every quarter in 2025 without drilling a single new well, reaching 36.2 MBoe/d in Q4 2025. W&T's production costs per Boe are among the most competitive for offshore operators, largely due to their ownership of platform infrastructure which acts as a "toll booth" for their own production.
Competitive Landscape
Pro stress-test →W&T competes in the independent offshore oil and gas sector within the Gulf of Mexico. The company remains a premier consolidator in the Gulf of Mexico (GoM). Key competitors include other independent producers and major integrated energy companies operating in the Gulf, though W&T differentiates through owned platform infrastructure and efficient operations.
Industry Context
W&T Offshore, Inc. operates in Oil and Gas Exploration & Production (E&P) - Offshore.
Key facts
Founded: 1983 · Headquarters: Houston, Texas · Employees: N/A · Revenue: $150M (Q1 2026) · Market cap: N/A