Houston's W&T Offshore Puts Its Chief Executive in Front of Investors on November 18: 'From Shelf to Deepwater'

Houston's offshore producer is taking questions in public. W&T Offshore, in a release issued Wednesday morning and read in full this run, announced that its chairman and chief executive, Tracy Krohn, will host a live investor presentation titled 'From Shelf to Deepwater: Meet W&T Offshore' on Wednesday, November 18 at 10 a.m. Central Time, on the Investor Meet Company platform.

The mechanics are the news for shareholders: the session is open to all existing and potential shareholders, sign-up on the platform is free, investors who already follow the company there are invited automatically, and questions can be submitted in advance through the platform dashboard until 5 p.m. Central on Tuesday, November 17, or asked live during the presentation itself. A chief executive taking unscripted questions on a public platform is a different kind of disclosure than a scripted earnings call, and the company is advertising it that way.

The profile the company published alongside the announcement sketches the business Krohn will be asked about. As of September 30, W&T held working interests in 48 fields in federal and state waters - 41 in federal waters and seven in state waters - with about 588,500 gross acres (455,800 net) under lease across the outer continental shelf off Louisiana, Texas, Mississippi and Alabama. Most of that acreage, about 446,700 gross acres, sits on the conventional shelf; about 136,200 gross acres are in deepwater and 5,600 in Alabama state waters, and a majority of the company's daily production comes from wells it operates itself.

The presentation's title is the strategy in four words - shelf to deepwater - and November 18 is when Houston investors can ask, on the record and in public, how the company means to run both ends of it. This desk carries the session as announced; what Krohn says there is the follow-up file.