Summary
WTI Chart
Oil Price Forecast: Middle East Tensions Keep WTI and Brent Poised for Breakout
Oil prices remain supported by Middle East tensions and uncertain U.S.–Iran talks, while trade policy risks cap demand, keeping the outlook bullish if WTI breaks $68–$70 and Brent clear $72–$74.
W&T Offshore (WTI) May Report Negative Earnings: Know the Trend Ahead of Q4 Release
W&T (WTI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Lower As Trump Says He Is Thinking About A Limited Strike Against Iran
Oil traders decided to take some profits off the table ahead of the weekend.
WTI Oil Exchange Traded Commodity (WTI) FAQ
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WTI Oil Exchange Traded Commodity Profile
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Overview
W&T Offshore, Inc. is an independent oil and natural gas producer primarily focused on the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. Since its founding in 1983, the company has established a significant presence in the energy sector, with operations that span across federal and state waters. With its headquarters in Houston, Texas, W&T Offshore has managed to build a substantial portfolio that, as of the end of 2021, includes working interests in 43 fields. Furthermore, the company holds under lease approximately 606,000 gross acres, comprising around 419,000 gross acres on the Gulf of Mexico Shelf and about 187,000 gross acres in the deepwaters of the Gulf of Mexico. This strategic positioning allows W&T Offshore to leverage the rich resources of the Gulf for oil and natural gas extraction, contributing to its reputation as a reliable energy provider.
Products and Services
- Crude Oil
W&T Offshore engages in the extraction and sale of crude oil, a primary energy source used worldwide. Through its exploration and development activities in the Gulf of Mexico, the company is able to supply crude oil to various markets, underscoring its role in meeting global energy demands.
- Natural Gas Liquids (NGLs)
Alongside crude oil, W&T Offshore also produces natural gas liquids. NGLs are components derived from natural gas during the processing phase, such as ethane, propane, butanes, and pentanes plus. These liquids have a wide range of uses, from serving as feedstock for petrochemical manufacturing to being used as diluents in heavy oil transportation and as components in motor gasoline.
- Natural Gas
The company's operations also encompass the production and sale of natural gas. This clean-burning fossil fuel is crucial for electricity generation, heating, and as a fuel for vehicles in its compressed form. By marketing natural gas, W&T Offshore contributes to a diverse energy mix, emphasizing the importance of natural gas in a transition to cleaner energy sources.
