Building a Lasting Gulf of Mexico Business
We hosted a fireside chat with Tracy Krohn, W&T Offshore’s Founder, Chairman, Chief Executive, and President on June 15, 2023. W&T has operated almost exclusively in the Gulf of Mexico for more than 40 years as a private and public company. This report includes a transcript of the event. Management favors the conventional reservoirs in the Gulf because of their exceptional rock properties combining high porosity with high permeability and strong reservoir drive mechanisms. Our discussion concentrated on W&T’s strategy to build value through the acquisition, development, and exploitation of producing properties in the US Gulf of Mexico. Management’s preference is to acquire assets that generate excess cash flow from a predictable production profile...
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