$WTI
W&T OFFSHORE INC

2020 Q2 Form 10-Q Financial Statement

#000143774920013623 Filed on June 23, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1 2019 Q1
Revenue $55.24M $124.1M $116.1M
YoY Change -58.99% 6.93% -13.51%
Cost Of Revenue $28.30M $54.80M $43.50M
YoY Change -29.78% 25.98% 18.21%
Gross Profit $26.90M $69.40M $72.60M
YoY Change -71.5% -4.41% -25.46%
Gross Profit Margin 48.7% 55.91% 62.54%
Selling, General & Admin $10.10M $20.30M $20.90M
YoY Change -51.21% -2.87% 1.46%
% of Gross Profit 37.55% 29.25% 28.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.48M $39.13M $33.77M
YoY Change -22.56% 15.87% -11.38%
% of Gross Profit 109.6% 56.38% 46.51%
Operating Expenses $39.60M $59.40M $54.70M
YoY Change -32.65% 8.59% -6.81%
Operating Profit -$28.04M $71.81M -$30.98M
YoY Change -175.02% -331.83% -179.96%
Interest Expense $14.82M $17.11M $16.28M
YoY Change 21.37% 5.09% 48.53%
% of Operating Profit 23.83%
Other Income/Expense, Net -$751.0K -$723.0K -$331.0K
YoY Change 57.11% 118.43% -199.4%
Pretax Income -$14.64M $72.48M -$47.59M
YoY Change -159.29% -252.3% -271.5%
Income Tax -$8.700M $6.500M $200.0K
% Of Pretax Income 8.97%
Net Earnings -$5.904M $65.98M -$47.76M
YoY Change -116.22% -238.15% -272.8%
Net Earnings / Revenue -10.69% 53.15% -41.14%
Basic Earnings Per Share
Diluted Earnings Per Share -$41.20K $466.1K -$340.2K
COMMON SHARES
Basic Shares Outstanding 141.8M 141.7M 140.6M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.50M $47.60M $86.10M
YoY Change -44.44% -44.72% -34.12%
Cash & Equivalents $36.51M $47.57M $86.12M
Short-Term Investments
Other Short-Term Assets $76.00K $761.0K $3.353M
YoY Change -98.5% -77.3% -83.4%
Inventory
Prepaid Expenses
Receivables $22.38M $35.41M $58.90M
Other Receivables $0.00 $1.900M $54.10M
Total Short-Term Assets $106.1M $175.8M $233.2M
YoY Change -58.14% -24.62% -16.36%
LONG-TERM ASSETS
Property, Plant & Equipment $713.1M $730.0M $518.6M
YoY Change 35.95% 40.77% -9.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.100M $2.900M
YoY Change
Other Assets $27.54M $30.08M $90.60M
YoY Change -62.58% -66.79% 0.67%
Total Long-Term Assets $836.6M $833.1M $609.3M
YoY Change 36.19% 36.73% -8.15%
TOTAL ASSETS
Total Short-Term Assets $106.1M $175.8M $233.2M
Total Long-Term Assets $836.6M $833.1M $609.3M
Total Assets $942.7M $1.009B $842.5M
YoY Change 8.64% 19.75% -10.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.37M $61.73M $71.40M
YoY Change -46.5% -13.54% -7.75%
Accrued Expenses $22.67M $34.43M $31.50M
YoY Change 16.28% 9.3% 35.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $114.4M $145.4M $218.6M
YoY Change -45.5% -33.48% 27.38%
LONG-TERM LIABILITIES
Long-Term Debt $624.2M $668.1M $634.0M
YoY Change -1.61% 5.37% -34.47%
Other Long-Term Liabilities $29.00M $16.46M $73.14M
YoY Change -52.76% -77.49% 9.18%
Total Long-Term Liabilities $653.2M $684.5M $707.1M
YoY Change -6.12% -3.2% -31.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $114.4M $145.4M $218.6M
Total Long-Term Liabilities $653.2M $684.5M $707.1M
Total Liabilities $767.7M $829.9M $1.215B
YoY Change -15.25% -31.7% 0.76%
SHAREHOLDERS EQUITY
Retained Earnings -$712.2M -$706.3M -$894.1M
YoY Change -16.97% -21.01% -16.25%
Common Stock $549.1M $548.1M $545.6M
YoY Change 0.41% 0.45% -0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.17M $24.17M $24.17M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares $2.869M $2.869M $2.869M
Shareholders Equity -$187.2M -$182.3M -$372.6M
YoY Change
Total Liabilities & Shareholders Equity $942.7M $1.009B $842.5M
YoY Change 8.64% 19.75% -10.58%

Cashflow Statement

Concept 2020 Q2 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$5.904M $65.98M -$47.76M
YoY Change -116.22% -238.15% -272.8%
Depreciation, Depletion And Amortization $29.48M $39.13M $33.77M
YoY Change -22.56% 15.87% -11.38%
Cash From Operating Activities $9.200M $84.32M $84.85M
YoY Change -57.21% -0.61% 13.16%
INVESTING ACTIVITIES
Capital Expenditures -$4.900M -$35.60M -$31.60M
YoY Change -88.19% 12.66% -17.49%
Acquisitions
YoY Change
Other Investing Activities $24.03M $0.00
YoY Change -100.0%
Cash From Investing Activities -$4.900M -$35.65M -$31.58M
YoY Change -88.19% 12.87% -23.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.40M -$33.54M -441.0K
YoY Change 3750.0% 7504.54% -78.56%
NET CHANGE
Cash From Operating Activities 9.200M $84.32M 84.85M
Cash From Investing Activities -4.900M -$35.65M -31.58M
Cash From Financing Activities -15.40M -$33.54M -441.0K
Net Change In Cash -11.10M $15.14M 52.82M
YoY Change -45.59% -71.34% 66.88%
FREE CASH FLOW
Cash From Operating Activities $9.200M $84.32M $84.85M
Capital Expenditures -$4.900M -$35.60M -$31.60M
Free Cash Flow $14.10M $119.9M $116.4M
YoY Change -77.62% 2.99% 2.79%

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 36pt; background-color: rgba(0, 0, 0, 0); color: rgb(0, 0, 0);"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Credit Risk and Allowance for Credit Losses.&nbsp;</div>&nbsp;</div>&nbsp;Our revenue has been concentrated in certain major oil and gas companies.&nbsp;&nbsp;For the year ended <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2019 </div>and for the <div style="display: inline; font-style: italic; font: inherit;">three</div> months ended <div style="display: inline; font-style: italic; font: inherit;"> March 31, 2020, </div>approximately <div style="display: inline; font-style: italic; font: inherit;">63%</div> and <div style="display: inline; font-style: italic; font: inherit;">57%,</div> respectively, of our revenue was from <div style="display: inline; font-style: italic; font: inherit;">three</div> major oil and gas companies and a substantial majority of our receivables were&nbsp;from sales with major oil and gas companies.&nbsp; We also have receivables&nbsp;related to joint interest arrangements primarily with mid-size oil and gas companies with a substantial majority of the net&nbsp;receivable balance concentrated&nbsp;in less than <div style="display: inline; font-style: italic; font: inherit;">ten</div> companies.&nbsp; A&nbsp;loss&nbsp;methodology&nbsp;is used to develop the allowance for credit losses on material receivables to estimate the net amount to be collected.&nbsp; The loss&nbsp;methodology uses historical data, current market conditions and forecasts of future economic&nbsp;conditions.&nbsp; Our maximum exposure at any time would be the receivable balance.&nbsp; The receivables, <div style="display: inline; font-style: italic;">Joint interest and other, net</div>, reported on the Condensed Consolidated Balance Sheets are reduced for the allowance for credit losses.&nbsp; The roll forward of the allowance for credit losses&nbsp;is as follows:&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 36pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 36pt;">&nbsp;</div> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 10%; margin-left: 10%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 81%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Allowance for credit losses, December 31, 2019</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">9,898</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Additional provisions</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font: inherit;">36</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Uncollectible accounts written off</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">&#x2014;</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Allowance for credit losses, March 31, 2020</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font: inherit;">9,934</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table> </div></div></div></div></div>
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CY2019Q4 us-gaap Furniture And Fixtures Gross
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CY2020Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
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GainLossOnDerivativeInstrumentsNetPretax
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CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2019Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
72479000
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CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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IncomeTaxesPaid
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CY2019Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2020Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
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IncomeTaxesReceivable
1861000
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-6790000
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IncreaseDecreaseInAccountsReceivable
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IncreaseDecreaseInAccountsReceivable
-6496000
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-11011000
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4269000
CY2020Q1 us-gaap Interest Expense
InterestExpense
17110000
CY2019Q1 us-gaap Interest Expense
InterestExpense
16282000
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LiabilitiesAndStockholdersEquity
1008903000
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LiabilitiesAndStockholdersEquity
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145421000
CY2019Q4 us-gaap Liabilities Current
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189960000
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NetIncomeLossAvailableToCommonStockholdersBasic
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OilAndGasJointInterestBillingReceivablesCurrent
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CY2019Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
19400000
CY2020Q1 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
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CY2019Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
8532196000
CY2020Q1 us-gaap Oil And Gas Sales Payable Current
OilAndGasSalesPayableCurrent
28176000
CY2019Q4 us-gaap Oil And Gas Sales Payable Current
OilAndGasSalesPayableCurrent
29450000
CY2020Q1 us-gaap Open Tax Year
OpenTaxYear
2016 2017 2018 2019
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
71811000
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OperatingIncomeLoss
-30976000
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
54775000
CY2019Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
43456000
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
12053000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
7135000
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12745000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7936000
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OtherAssetsCurrent
761000
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
886000
CY2020Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1014000
CY2019Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
814000
CY2020Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
30084000
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
33447000
CY2020Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
16464000
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9988000
CY2020Q1 us-gaap Other Long Term Investments
OtherLongTermInvestments
2917000
CY2019Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
2590000
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-723000
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-331000
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791000
CY2019Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
CY2020Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
CY2019Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2020Q1 us-gaap Payments To Acquire Furniture And Fixtures
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CY2019Q1 us-gaap Payments To Acquire Furniture And Fixtures
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CY2019Q4 us-gaap Preferred Stock Value
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CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2020Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
25000000
CY2019Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
CY2020Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
8536000
CY2019Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
CY2020Q1 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
15574000
CY2019Q4 us-gaap Restricted Cash And Investments Noncurrent
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15806000
CY2020Q1 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
5449000
CY2019Q1 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
6423000
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-706269000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-772249000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
124128000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
116080000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
-372635000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q4 us-gaap Unamortized Debt Issuance Expense
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3798000
CY2020Q1 us-gaap Share Based Compensation
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1048000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
10874043
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-324796000
CY2020Q1 wti Proportional Consolidation Adjustment In Other Asset
ProportionalConsolidationAdjustmentInOtherAsset
4222000
CY2020Q1 us-gaap Supplies
Supplies
1825000
CY2019Q4 us-gaap Supplies
Supplies
10202000
CY2020Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
2869000
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2869000
CY2020Q1 us-gaap Treasury Stock Value
TreasuryStockValue
24167000
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
24167000
CY2020Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
3458000
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 36pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">Use of Estimates.</div></div>&nbsp; The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</div></div></div></div></div></div></div></div></div></div>
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
141546000
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
140462000
CY2010Q4 wti Additional Royalty Due To Disallowed Deductions
AdditionalRoyaltyDueToDisallowedDeductions
4700000
CY2017Q1 wti Additional Royalty Due To Disallowed Deductions
AdditionalRoyaltyDueToDisallowedDeductions
4700000
CY2020Q1 wti Advances From Joint Interest Partners Current
AdvancesFromJointInterestPartnersCurrent
18285000
CY2019Q4 wti Advances From Joint Interest Partners Current
AdvancesFromJointInterestPartnersCurrent
5279000
CY2020Q1 wti Appeal Bond Deposit Assets Noncurrent
AppealBondDepositAssetsNoncurrent
CY2019Q4 wti Appeal Bond Deposit Assets Noncurrent
AppealBondDepositAssetsNoncurrent
6925000
CY2017Q3 wti Bonds Posted To Appeal Ibla Decision
BondsPostedToAppealIBLADecision
7200000
CY2017Q3 wti Collateral For Bonds Posted Related To Appeal With Ibla
CollateralForBondsPostedRelatedToAppealWithIBLA
6900000
CY2020Q1 wti Derivative Option Strike Price
DerivativeOptionStrikePrice
3
CY2020Q1 wti Incentive Compensation Total
IncentiveCompensationTotal
5528000
CY2019Q1 wti Incentive Compensation Total
IncentiveCompensationTotal
1894000
CY2020Q1 wti Increase Decrease In Cash Advances From Joint Venture Partners
IncreaseDecreaseInCashAdvancesFromJointVenturePartners
13006000
CY2019Q1 wti Increase Decrease In Cash Advances From Joint Venture Partners
IncreaseDecreaseInCashAdvancesFromJointVenturePartners
44644000
CY2020Q1 wti Increase Decrease In Joint Interest Receivables
IncreaseDecreaseInJointInterestReceivables
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CY2019Q1 wti Increase Decrease In Joint Interest Receivables
IncreaseDecreaseInJointInterestReceivables
2986000
CY2020Q1 wti Proceeds From Payments For Derivative Instrument Operating Activities
ProceedsFromPaymentsForDerivativeInstrumentOperatingActivities
4404000
CY2019Q1 wti Proceeds From Payments For Derivative Instrument Operating Activities
ProceedsFromPaymentsForDerivativeInstrumentOperatingActivities
11948000
CY2019Q4 wti Proportional Consolidation Adjustment In Other Asset
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5308000
CY2020Q1 wti Unamortized Bond Insurance Premiums
UnamortizedBondInsurancePremiums
4478000
CY2019Q4 wti Unamortized Bond Insurance Premiums
UnamortizedBondInsurancePremiums
4357000
CY2020Q1 wti Unamortized Brokerage Fee
UnamortizedBrokerageFee
2881000
CY2019Q4 wti Unamortized Brokerage Fee
UnamortizedBrokerageFee
3423000

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