HOUSTON, Aug. 13, 2018 /PRNewswire/ -- W&T Offshore,
Inc. (NYSE: WTI) today announced the retirement of J. Daniel
("Danny") Gibbons, Senior Vice President and Chief Financial
Officer. The Company has appointed Janet Yang as acting Chief Financial Officer,
effective immediately.
Tracy Krohn, W&T Offshore's
Chairman and CEO, stated, "We appreciate the many contributions
that Danny has made to W&T over the last 11 years as CFO of the
Company and wish him well in his retirement. Since joining
W&T in 2008, Janet has taken on increasing levels of financial
responsibility and proved herself to be a valuable asset to the
Company. She has helped the Company successfully execute a number
of strategic transactions, including our recently announced
drilling joint venture. We are pleased to have her take on
this role."
Janet Yang joined W&T in 2008
as Finance Manager and in 2012 became Director, Strategic Planning
& Analysis, a position she held until being appointed Vice
President, Corporate & Business Development in 2017. Ms.
Yang has over 15 years of finance, investment and strategy
experience in the energy industry. Prior to joining W&T,
Ms. Yang held positions in research and investment analysis at
BlackGold Capital Management, investment banking at Raymond James
and energy trading at Allegheny Energy. Ms. Yang received a
B.A. in Economics from Rice University
and an M.B.A. with concentrations in Finance and Accounting from
The University of Chicago Booth School
of Business.
About W&T Offshore
W&T Offshore, Inc. is an independent oil and natural gas
producer with operations offshore in the Gulf of Mexico and has grown through
acquisitions, exploration and development. The Company
currently has working interests in 48 producing fields in federal
and state waters and has under lease approximately 650,000 gross
acres, including approximately 440,000 gross acres on the Gulf of
Mexico Shelf and approximately 210,000 gross acres in the
deepwater. A majority of the Company's daily production is
derived from wells it operates. For more information on
W&T Offshore, please visit the Company's website at
www.wtoffshore.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements reflect our current views
with respect to future events, based on what we believe are
reasonable assumptions. No assurance can be given, however, that
these events will occur. These statements are subject to risks and
uncertainties that could cause actual results to differ materially
including, among other things, market conditions, oil and gas price
volatility, uncertainties inherent in oil and gas production
operations and estimating reserves, unexpected future capital
expenditures, competition, the success of our risk management
activities, governmental regulations, uncertainties and other
factors discussed in W&T Offshore's Annual Report on Form 10-K
for the year ended December 31, 2017
and subsequent Form 10-Q reports found at www.sec.gov or at our
website at www.wtoffshore.com under the Investor Relations section.
Investors are urged to consider closely the disclosures and risk
factors in these reports.
CONTACT:
|
Lisa
Elliott
|
Janet
Yang
|
|
Dennard Lascar
Investor Relations
|
VP &
CFO
|
|
lelliott@dennardlascar.com
|
investorrelations@wtoffshore.com
|
|
713-529-6600
|
713-624-7326
|
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SOURCE W&T Offshore, Inc.