W&T Offshore Inc at Barclays CEO Energy-Power Conference (Virtual) Transcript

Sep 09, 2021 / 07:35PM GMT
Jeanine Wai - Barclays Bank PLC, Research Division - Research Analyst

Hi. Good afternoon, everyone. Thanks to us for joining us. We are very pleased today to have Mr. Tracy Krohn, Chairman and CEO of W&T Offshore. The company, for those of you who aren't as familiar, they're focused in the Gulf of Mexico, and they have a history of very attractive acquisitions. The company currently has 346,000 net acres in the Gulf of Mexico shelf as well as 78,000 net acres in the Gulf of Mexico deepwater.

So the company also has a strong history of generating free cash flow, which was not only used for acquisitions, but it also has been used to maintain a very prudent balance sheet.

So I don't think I did you justice Tracy. So I'm just going to hand over the reins to you, but thank you for taking the time today.

Tracy W. Krohn - W&T Offshore, Inc. - Founder, Chairman, CEO & President

Thank you, Jeanine. No, you did great. Thanks so much, and welcome, everyone. Thank you for joining us here today. Let me go ahead and get one thing out of the way

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