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W&T Offshore Provides Operational Update

W&T Offshore, Inc. (WTI) 
Last w&t offshore, inc. earnings: 3/4 04:45 pm Check Earnings Report
Company Research Source: GlobeNewswire
HOUSTON, June 05, 2019 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today provided an operational update regarding the successful drilling of the Gladden Deep well in the deepwater of the Gulf of Mexico and the awarding of leases from the federal lease sale held earlier this year.  Oil Discovery at Gladden DeepW&T today announced an oil discovery at its first exploration well in 2019 at Gladden Deep in the deepwater Gulf of Mexico in Mississippi Canyon block 800. W&T operated the well which is one of the 14 wells planned for the drilling program under the Monza JV. The Company owns a 17.25% interest in the discovery. Gladden Deep is located in approximately 3,000 feet of water and was drilled to a total measured depth of 18,324 feet and encountered 201 feet of net oil pay. This single-well completion is expected to be brought online through the existing Gladden pipeline to the Medusa spar in the fourth quarter of 2019 through a sub-sea tie back. Awar Show less Read more
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