Garden Banks Pipeline

W&T Offshore Announces Second Quarter 2023 Results

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Martedì, Agosto 1, 2023
Capital expenditure, Senior, Table, Sewell, G&A, GAAP, NGL, Balance sheet, TTM, Acquisition, Transport, NYSE, Maintenance, Executive, Private law, NSAI, British thermal unit, Risk, Consultant, Cost, Production, Debt, GOM, Associate, LOE, Atlas, Cautionary Towns, Engineering, Natural gas, Adjustment, Holy Grail, Stifel, Term loan, Oil, Sale, Public expenditure, State Administrative Expenses, EBITDA, Depreciation, Front-end engineering, Garden Banks Pipeline, Bank, Bookkeeping, Financial services, Security (finance), Video game, Airline, Mobile Bay, Gulf of Mexico, Magnolia Field

HOUSTON, Aug. 01, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the second quarter of 2023.

Key Points: 
  • HOUSTON, Aug. 01, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the second quarter of 2023.
  • Tracy W. Krohn, W&T’s Board Chair and Chief Executive Officer, commented, “Our second quarter 2023 production volumes recovered from first quarter downtime and were up 14% over first quarter 2023 to 37.0 Mboe per day, which resulted in a good quarter of positive operational and financial results.
  • Revenues for the second quarter of 2023 were $126.2 million, which was lower than first quarter 2023 revenue of $131.7 million and lower than $273.8 million in the second quarter of 2022, due primarily to lower realized prices.
  • Interest Expense: Net interest expense in the second quarter of 2023 was $10.3 million compared to $14.7 million in the first quarter of 2023 and $18.2 million in the second quarter of 2022.

W&T Offshore Announces First Quarter 2023 Results

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Martedì, Maggio 9, 2023
Federal Reserve Bank, Maintenance, LOE, Capital expenditure, Table, Senior, Energy Independence and Security Act of 2007, Safety, Bureau, Audit committee, Income tax, G&A, GAAP, NGL, Balance sheet, Transport, Risk, Sale, Workover, Cost, TTM, EBITDA, Production, State Administrative Expenses, White Noise: A Cautionary Musical, Depreciation, Front-end engineering, Natural gas, Debt, Biophysical environment, Holy Grail, Adjustment, GOM, Bureau of Ocean Energy Management, NYSE, Garden Banks Pipeline, Bank, Security (finance), Bookkeeping, Cryptocurrency, Airline, Video game, Arms industry, Magnolia Field, Mobile Bay, Gulf of Mexico

HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the first quarter of 2023.

Key Points: 
  • HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the first quarter of 2023.
  • Interest Expense: Net interest expense in the first quarter of 2023 was $14.7 million compared to $14.5 million in the fourth quarter of 2022 and $19.9 million in the first quarter of 2022.
  • During the first quarter of 2023, the Company performed one recompletion and four workovers that positively impacted production for the quarter.
  • The guidance for the second quarter and full year 2023 in the table below represents the Company’s current expectations.

NextDecade and Enbridge Sign Definitive Agreement Regarding Rio Bravo Pipeline

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Venerdì, Febbraio 14, 2020
Other Energy, Utilities, Transport, Logistics, Supply chain management, Oil, Gas, Energy, Natural gas, Fuels, Enbridge pipelines, Energy, Environmental impact assessment, Federal Energy Regulatory Commission, Liquefied natural gas, Enbridge, Enbridge pipelines, Garden Banks Pipeline

In addition, Enbridge and NextDecade have negotiated a precedent agreement, to be executed at closing, whereby NextDecade will retain its rights to the natural gas firm transportation capacity on the Rio Bravo Pipeline for a term of at least twenty years to supply NextDecades Rio Grande LNG export facility.

Key Points: 
  • In addition, Enbridge and NextDecade have negotiated a precedent agreement, to be executed at closing, whereby NextDecade will retain its rights to the natural gas firm transportation capacity on the Rio Bravo Pipeline for a term of at least twenty years to supply NextDecades Rio Grande LNG export facility.
  • As one of North Americas leading energy infrastructure companies, Enbridge brings extensive natural gas pipeline experience to execute the Rio Bravo Pipeline, and we are delighted to have them involved in supporting the delivery of our Rio Grande LNG project.
  • In November 2019, the Federal Energy Regulatory Commission (FERC) issued an order authorizing the siting, construction, and operation of NextDecades Rio Grande LNG project and the Rio Bravo Pipeline.
  • In January 2020, FERC issued a final order on rehearing for the Rio Grande LNG project and the Rio Bravo Pipeline.