Deepwater Portfolio Expansion and Upside Potential
LEVERAGING FOUR DECADES OF GOM ACQUISITION
EXPERTISE
ACQUISITION OPPORTUNITIES
GOM Exits
Companies exiting the GOM provide a
large inventory of accretive assets
ACQUISITION CRITERIA
Generating Free Cash Flow
Strong current production rates with the
opportunity to reduce operating expenses
Asset Sales
Majors moving to ultra-deepwater and
companies monetizing GOM assets to
fund onshore projects
Financeable
Large portion of reserve base is proved
developed with solid probable/possible
reserves
Consolidation Opportunities
Under-capitalized independents with
sizeable undeveloped reserves
13
W&T OFFSHORE | NYSE:WTI
Identified Upside
Undrilled prospects, workover or
recomplete opportunities, facility upgrades,
secondary recovery projects
Gulf of Mexico Provides an Attractive, Large Acquisition Opportunity Set
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