W&T Offshore (WTI) Registration Filing summary

Company overview and business model

• Independent oil and natural gas producer focused on exploration, development, and acquisition in the Gulf of Mexico, holding interests in 63 producing offshore fields as of June 30, 2024.

• Operates across approximately 678,100 gross acres, with a majority of daily production from operated wells.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including debt reduction, working capital, capital expenditures, and potential acquisitions.

• No proceeds will be received from the resale of shares by the selling shareholder.

Risk factors and disclosures

• Investment involves a high degree of risk, with risks detailed in the Annual Report on Form 10-K for the year ended December 31, 2023.

• Risks include regulatory changes, commodity price volatility, operational challenges, environmental liabilities, and uncertainties in reserve estimates.