This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
W&T Offshore, Inc. is an independent upstream oil and natural gas exploration and production company operating exclusively in the U.S. Gulf of Mexico, with both shelf and deepwater properties. Per the company's FY2024 10-K, full-year production averaged 33,300 BOE/d (43% oil, 9% NGLs, 48% natural gas), totaling 12.2 million BOE for the year. Total revenue was $525.3 million. Year-end 2024 proved reserves were 127.0 million BOE, an increase from 123.0 million BOE at year-end 2023, supported by positive performance revisions and 21.7 million BOE in acquisition-related reserve additions. The company holds working interests in 49 offshore fields covering approximately 625,000 gross acres across federal and state waters. W&T's entire business model is upstream fossil fuel extraction from the Gulf of Mexico, with continued acquisition-driven growth in offshore hydrocarbon production.
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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