W&T Offshore, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2017

 Published On: Aug, 2017 |    No of Pages: 103 |  Published By: GlobalData | Format: PDF
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Summary

W&T Offshore, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Scope

The report provides in-depth analysis and insights into companies' capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company's oil and gas reserves and production information by country. It further consists of in-depth information on the company's expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company's share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors' financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry's players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
W&T Offshore, Inc., Valuation and Financial Data 8
W&T Offshore, Inc., Share Price Performance 8
Share Price Performance, Q1, 2016-Q1, 2017 8
W&T Offshore, Inc., Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2016-Q1, 2017 9
W&T Offshore, Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q1, 2016-Q1, 2017 10
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2016-Q1, 2017 11
W&T Offshore, Inc., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
W&T Offshore, Inc., Quarterly Production Trends 13
W&T Offshore, Inc., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2016-Q1, 2017 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 15
W&T Offshore, Inc., Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2016-Q1, 2017 16
Crude Oil Production, By Country/Region, Q1, 2016-Q1, 2017 17
W&T Offshore, Inc., Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2016-Q1, 2017 18
Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 19
W&T Offshore, Inc., Valuation and Financial Data, 2012-2016 20
W&T Offshore, Inc., Share Price Performance, 2012-2016 20
Share Price Performance, 2012-2016 20
Key Valuation Metrics, 2012-2016 21
W&T Offshore, Inc., Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 24
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 27
Crude Oil Production and Reserves By Country/Region, 2012-2016 28
Crude Oil/Liquids Reserve Changes, 2012-2016 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2012-2016 31
Natural Gas Production and Reserves, By Country/Region, 2012-2016 32
Natural Gas Reserve Changes, 2012-2016 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 36
W&T Offshore, Inc., E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2012-2016 38
Acquisition Costs By Country/Region, 2012-2016 39
Exploration and Development Costs, By Country/Region, 2012-2016 41
Oil and Gas Cost Per boe, US$/boe 43
Oil and Gas Cost Per boe, US$/boe, 2012-2016 43
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 45
W&T Offshore, Inc., Reserve Replacement Ratio 47
Oil and Gas Production Replacement Ratio 47
Oil and Gas Production Replacement Ratio, 2012-2016 47
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 50
W&T Offshore, Inc., Results of Oil & Gas Operations Trend 54
Oil and Gas Revenue and Expenses 54
Oil and Gas Revenue and Expenses, 2012-2016 54
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 56
Oil and Gas Revenue and Expenses, Per boe 61
Oil and Gas Revenue and Expenses, By boe, 2012-2016 61
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 62
Oil and Gas Performance Metrics 66
W&T Offshore, Inc., Land Holdings and Well Data 67
Developed and Undeveloped Acreage 67
Gross and Net Developed and Undeveloped Acreage, 2012-2016 67
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 68
Well Statistics 71
Producible Oil and Gas Well, 2012-2016 71
Producible Oil and Gas Well, By Country/Region, 2012-2016 72
Exploration and Development Wells Drilled, 2012-2016 77
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 78
Recent Developments 79
W&T Offshore, Inc. - Recent Developments 79
Aug 03, 2017: W&T Offshore Announces Second Quarter 2017 Operational And Financial Results 79
Jul 24, 2017: W&T Offshore: Rig Contracted To Drill ST 224 Prospect In Q4 2017 84
Jun 01, 2017: W&T Offshore Receives Final Trial Court Judgment In Lawsuit 85
May 03, 2017: W&T Offshore Announces First Quarter 2017 Operational And Financial Results 86
Apr 20, 2017: W&T Offshore announces management changes 90
Apr 18, 2017: W&T Offshore announces retirement of vice president, general counsel and secretary 91
Mar 01, 2017: W&T Offshore Announces Fourth Quarter 2016 Operational And Financial Results And 2017 Annual Meeting Of Shareholders On May 3, 2017 91
Feb 03, 2017: W&T Offshore Announces Year-End 2016 Proved Reserves, Production For 2016, An Update On The A-18 Well At Mahogany And An Extension Of The Appeal With IBLA Regarding BOEM Orders 95
Jan 26, 2017: W&T Offshore Announces Initial Production From Ship Shoal 349 "Mahogany Field" A-18 Well 96
Jan 24, 2017: W&T Offshore Announces 2017 Capital Budget And Provides Production And Expense Guidance For 2017 97
Appendix 100
Methodology 100
Coverage 100
Secondary Research 100
Primary Research 101
Data Information Sources 101
Company Source 101
SEC/Other Regulatory Filings 101
Other Sources 101
Expert Panel Validation 101
Data Definition 102
Oil and Gas Reserves 102
Units of Measure 102
About GlobalData 103
Disclosure 103
Disclaimer 103

List of Tables
Table 1: W&T Offshore, Inc., Key Facts 7
Table 2: W&T Offshore, Inc., Share Price Performance, Q1, 2016-Q1, 2017 8
Table 3: W&T Offshore, Inc., Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Table 4: W&T Offshore, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Table 5: W&T Offshore, Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2016-Q1, 2017 11
Table 6: W&T Offshore, Inc., Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Table 7: W&T Offshore, Inc., Total Crude Oil and Natural Gas, Production, Q1, 2016-Q1, 2017 14
Table 8: W&T Offshore, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Table 9: W&T Offshore, Inc., Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Table 10: W&T Offshore, Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Table 11: W&T Offshore, Inc., Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Table 12: W&T Offshore, Inc., Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Table 13: W&T Offshore, Inc., Share Price Performance, 2012-2016 20
Table 14: W&T Offshore, Inc., Key Valuation Metrics, 2012-2016 21
Table 15: W&T Offshore, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 23
Table 16: W&T Offshore, Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 25
Table 17: W&T Offshore, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 26
Table 18: W&T Offshore, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27
Table 19: W&T Offshore, Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 29
Table 20: W&T Offshore, Inc., Crude Oil Reserve Changes, mmbbl, 2012-2016 30
Table 21: W&T Offshore, Inc., Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31
Table 22: W&T Offshore, Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 33
Table 23: W&T Offshore, Inc., Natural Gas Reserve Changes, bcf, 2012-2016 34
Table 24: W&T Offshore, Inc., Oil and Gas Reserves Life Index, Years, 2012-2016 35
Table 25: W&T Offshore, Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 37
Table 26: W&T Offshore, Inc., Upstream Capital Expenditure, US$ mil, 2012-2016 38
Table 27: W&T Offshore, Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 40
Table 28: W&T Offshore, Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 42
Table 29: W&T Offshore, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 44
Table 30: W&T Offshore, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 46
Table 31: W&T Offshore, Inc., Oil and Gas Production Replacement Ratio, %, 2012-2016 48
Table 32: W&T Offshore, Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 53
Table 33: W&T Offshore, Inc., Revenue and Expenses, US$ mil, 2012-2016 55
Table 34: W&T Offshore, Inc., Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 60
Table 35: W&T Offshore, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 61
Table 36: W&T Offshore, Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 65
Table 37: W&T Offshore, Inc., Oil and Gas Performance Metrics, 2012-2016 66
Table 38: W&T Offshore, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 67
Table 39: W&T Offshore, Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 69
Table 40: W&T Offshore, Inc., Producible Oil and Gas Wells, 2012-2016 71
Table 41: W&T Offshore, Inc., Producible Oil and Gas Wells, By Country/Region, 2012-2016 76
Table 42: W&T Offshore, Inc., Exploratory and Developed Wells, 2012-2016 77
Table 43: W&T Offshore, Inc., Exploratory and Developed Wells, By Country/Region, 2012-2016 78

List of Figures
Figure 1: W&T Offshore, Inc., Share Price Performance, USD/Share, Q1, 2016-Q1, 2017 8
Figure 2: W&T Offshore, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2016-Q1, 2017 9
Figure 3: W&T Offshore, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Figure 4: W&T Offshore, Inc., Upstream Capital Expenditure, US$ mil, Q1, 2016-Q1, 2017 12
Figure 5: W&T Offshore, Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2016-Q1, 2017 13
Figure 6: W&T Offshore, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Figure 7: W&T Offshore, Inc., Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Figure 8: W&T Offshore, Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Figure 9: W&T Offshore, Inc., Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Figure 10: W&T Offshore, Inc., Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Figure 11: W&T Offshore, Inc., Share Price Performance, USD/Share, 2012-2016 20
Figure 12: W&T Offshore, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 21
Figure 13: W&T Offshore, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Figure 14: W&T Offshore, Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 24
Figure 15: W&T Offshore, Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 24
Figure 16: W&T Offshore, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 26
Figure 17: W&T Offshore, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27
Figure 18: W&T Offshore, Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 28
Figure 19: W&T Offshore, Inc., Oil Production, By Country/Region, mmbbl, 2012-2016 28
Figure 20: W&T Offshore, Inc., Crude Oil Reserve Changes, mmbbl, 2016 30
Figure 21: W&T Offshore, Inc., Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31
Figure 22: W&T Offshore, Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 32
Figure 23: W&T Offshore, Inc., Gas Production, By Country/Region, bcf, 2012-2016 32
Figure 24: W&T Offshore, Inc., Natural Gas Reserve Changes, bcf, 2016 34
Figure 25: W&T Offshore, Inc., Oil and Gas Reserves Life Index, Years, 2012-2016 35
Figure 26: W&T Offshore, Inc., Gas Reserve Life Index, By Country/Region, Years, 2012-2016 36
Figure 27: W&T Offshore, Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2012-2016 36
Figure 28: W&T Offshore, Inc., Oil Reserve Life Index, By Country/Region, Years, 2012-2016 37
Figure 29: W&T Offshore, Inc., Upstream Capital Expenditure, US$ mil, 2012-2016 38
Figure 30: W&T Offshore, Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 39
Figure 31: W&T Offshore, Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 39
Figure 32: W&T Offshore, Inc., Development Costs, By Country/Region, US$ mil, 2012-2016 41
Figure 33: W&T Offshore, Inc., Exploration Costs, By Country/Region, US$ mil, 2012-2016 41
Figure 34: W&T Offshore, Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 43
Figure 35: W&T Offshore, Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 45
Figure 36: W&T Offshore, Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 45
Figure 37: W&T Offshore, Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 46
Figure 38: W&T Offshore, Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 47
Figure 39: W&T Offshore, Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 50
Figure 40: W&T Offshore, Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 50
Figure 41: W&T Offshore, Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 51
Figure 42: W&T Offshore, Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 51
Figure 43: W&T Offshore, Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 52
Figure 44: W&T Offshore, Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 52
Figure 45: W&T Offshore, Inc., Revenue and Expenses, US$ mil, 2012-2016 54
Figure 46: W&T Offshore, Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 56
Figure 47: W&T Offshore, Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 56
Figure 48: W&T Offshore, Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 57
Figure 49: W&T Offshore, Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 57
Figure 50: W&T Offshore, Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 58
Figure 51: W&T Offshore, Inc., Production Costs, By Country/Region, US$ mil, 2012-2016 58
Figure 52: W&T Offshore, Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 59
Figure 53: W&T Offshore, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 61
Figure 54: W&T Offshore, Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2012-2016 62
Figure 55: W&T Offshore, Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2012-2016 62
Figure 56: W&T Offshore, Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2012-2016 63
Figure 57: W&T Offshore, Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2012-2016 63
Figure 58: W&T Offshore, Inc., Total DD&A per boe, By Country/Region, US$/boe, 2012-2016 64
Figure 59: W&T Offshore, Inc., Total Revenue per boe, By Country/Region, US$/boe, 2012-2016 64
Figure 60: W&T Offshore, Inc., Oil and Gas Performance Metrics, 2012-2016 66
Figure 61: W&T Offshore, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 67
Figure 62: W&T Offshore, Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 68
Figure 63: W&T Offshore, Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 68
Figure 64: W&T Offshore, Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 69
Figure 65: W&T Offshore, Inc., Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 69
Figure 66: W&T Offshore, Inc., Producible Oil and Gas Wells, 2012-2016 71
Figure 67: W&T Offshore, Inc., Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 72
Figure 68: W&T Offshore, Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 72
Figure 69: W&T Offshore, Inc., Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 73
Figure 70: W&T Offshore, Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 73
Figure 71: W&T Offshore, Inc., Net Productive Gas Wells, By Country/Region, Number, 2012-2016 74
Figure 72: W&T Offshore, Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 74
Figure 73: W&T Offshore, Inc., Net Productive Oil Wells, By Country/Region, Number, 2012-2016 75
Figure 74: W&T Offshore, Inc., Exploratory and Developed Wells, 2012-2016 77


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