NYSE: WTI
Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.
Upstream · Offshore E&P
W&T Offshore
W&T Offshore is an independent oil and natural gas company focused on exploration, development, and acquisition of properties in the Gulf of Mexico.
W&T Offshore, Inc. is a Houston-based independent oil and natural gas company engaged in the exploration, development, and acquisition of oil and natural gas properties in the Gulf of Mexico. Founded by Tracy Krohn, W&T has grown from a small operator into one of the largest independent producers on the Gulf of Mexico shelf and deepwater. The company has a proven track record of acquiring mature assets and extending their productive life through workovers, recompletions, and enhanced recovery techniques.
Headquarters
Houston, TX
Founded
1983
Employees
600+
Revenue
$800 million (2023)
CEO
Tracy W. Krohn
Website
wtoffshore.comW&T Offshore was founded in 1983 by Tracy W. Krohn, who remains the company's Chairman and CEO. The company began with shallow-water Gulf of Mexico operations and grew through a series of strategic acquisitions, including major purchases from Kerr-McGee, Total, and Calvalley Resources. W&T went public in 2004 and has since expanded into deepwater operations while maintaining its core shallow-water Gulf portfolio.
W&T operates primarily on the Gulf of Mexico shelf and in select deepwater areas. The company operates or holds interests in approximately 60 offshore fields across the Gulf, with production focused on the shelf regions of offshore Louisiana, Alabama, and Mississippi. W&T specializes in mature asset management, applying cost-efficient development techniques to extend production from legacy fields while selectively pursuing higher-impact deepwater exploration targets.
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