2022 Q1 Form 10-Q Financial Statement
#000155837022007085 Filed on May 04, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
Revenue | $191.0M | $125.6M |
YoY Change | 52.02% | 1.22% |
Cost Of Revenue | $43.41M | $42.40M |
YoY Change | 2.38% | -22.63% |
Gross Profit | $147.6M | $83.30M |
YoY Change | 77.18% | 20.03% |
Gross Profit Margin | 77.27% | 66.3% |
Selling, General & Admin | $19.04M | $17.00M |
YoY Change | 12.02% | -16.26% |
% of Gross Profit | 12.9% | 20.41% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $24.68M | $20.77M |
YoY Change | 18.81% | -46.92% |
% of Gross Profit | 16.72% | 24.93% |
Operating Expenses | $49.95M | $43.60M |
YoY Change | 14.57% | -26.6% |
Operating Profit | $97.64M | $39.63M |
YoY Change | 146.4% | -44.82% |
Interest Expense | $19.88M | $15.03M |
YoY Change | 32.25% | -12.13% |
% of Operating Profit | 20.36% | 37.94% |
Other Income/Expense, Net | -$905.0K | -$963.0K |
YoY Change | -6.02% | 33.2% |
Pretax Income | -$3.146M | -$949.0K |
YoY Change | 231.51% | -101.31% |
Income Tax | -$700.0K | -$200.0K |
% Of Pretax Income | ||
Net Earnings | -$2.457M | -$746.0K |
YoY Change | 229.36% | -101.13% |
Net Earnings / Revenue | -1.29% | -0.59% |
Basic Earnings Per Share | -$0.02 | -$0.01 |
Diluted Earnings Per Share | -$0.02 | -$0.01 |
COMMON SHARES | ||
Basic Shares Outstanding | 142.9M | 142.2M |
Diluted Shares Outstanding | 142.9M | 142.2M |
Balance Sheet
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $215.5M | $53.40M |
YoY Change | 303.51% | 12.18% |
Cash & Equivalents | $215.5M | $53.36M |
Short-Term Investments | ||
Other Short-Term Assets | $46.00K | $984.0K |
YoY Change | -95.33% | 29.3% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $92.69M | $49.93M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $429.9M | $133.9M |
YoY Change | 221.1% | -23.84% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $731.7M | $669.0M |
YoY Change | 9.38% | -8.37% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $2.740M | $2.900M |
YoY Change | -5.52% | 0.0% |
Other Assets | $63.39M | $22.61M |
YoY Change | 180.33% | -24.83% |
Total Long-Term Assets | $920.3M | $815.8M |
YoY Change | 12.8% | -2.08% |
TOTAL ASSETS | ||
Total Short-Term Assets | $429.9M | $133.9M |
Total Long-Term Assets | $920.3M | $815.8M |
Total Assets | $1.350B | $949.7M |
YoY Change | 42.17% | -5.87% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $69.20M | $43.71M |
YoY Change | 58.29% | -29.18% |
Accrued Expenses | $209.8M | $64.42M |
YoY Change | 225.75% | 87.12% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $39.88M | |
YoY Change | ||
Total Short-Term Liabilities | $426.5M | $160.0M |
YoY Change | 166.5% | 10.04% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $680.4M | $593.8M |
YoY Change | 14.58% | -11.11% |
Other Long-Term Liabilities | $80.34M | $31.78M |
YoY Change | 152.79% | 93.03% |
Total Long-Term Liabilities | $760.8M | $625.6M |
YoY Change | 21.6% | -8.61% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $426.5M | $160.0M |
Total Long-Term Liabilities | $760.8M | $625.6M |
Total Liabilities | $1.187B | $785.6M |
YoY Change | 51.12% | -5.34% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$778.4M | -$735.2M |
YoY Change | 5.87% | 4.1% |
Common Stock | $553.2M | $550.8M |
YoY Change | 0.43% | 0.49% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $24.17M | $24.17M |
YoY Change | 0.0% | 0.0% |
Treasury Stock Shares | $2.869M | $2.869M |
Shareholders Equity | -$249.4M | -$208.6M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.350B | $949.7M |
YoY Change | 42.17% | -5.87% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$2.457M | -$746.0K |
YoY Change | 229.36% | -101.13% |
Depreciation, Depletion And Amortization | $24.68M | $20.77M |
YoY Change | 18.81% | -46.92% |
Cash From Operating Activities | $27.54M | $44.96M |
YoY Change | -38.76% | -46.68% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$47.59M | -$1.600M |
YoY Change | 2874.5% | -95.51% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$2.630M | $1.758M |
YoY Change | -249.6% | -92.69% |
Cash From Investing Activities | -$44.96M | -$3.331M |
YoY Change | 1249.8% | -90.66% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -12.90M | -32.00M |
YoY Change | -59.69% | -4.58% |
NET CHANGE | ||
Cash From Operating Activities | 27.54M | 44.96M |
Cash From Investing Activities | -44.96M | -3.331M |
Cash From Financing Activities | -12.90M | -32.00M |
Net Change In Cash | -30.32M | 9.633M |
YoY Change | -414.79% | -36.38% |
FREE CASH FLOW | ||
Cash From Operating Activities | $27.54M | $44.96M |
Capital Expenditures | -$47.59M | -$1.600M |
Free Cash Flow | $75.13M | $46.56M |
YoY Change | 61.35% | -61.17% |
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Net Income Loss
NetIncomeLoss
|
-2457000 | |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-3146000 | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-249385000 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-208286000 | |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
454000 | |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-949000 | |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-689000 | |
CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-203000 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2457000 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-746000 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
142942000 | |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
142151000 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
142942000 | |
CY2022Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-79997000 | |
CY2021Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-24578000 | |
CY2022Q1 | wti |
Proceeds From Payments For Derivative Instrument Operating Activities
ProceedsFromPaymentsForDerivativeInstrumentOperatingActivities
|
-30515000 | |
CY2021Q1 | wti |
Proceeds From Payments For Derivative Instrument Operating Activities
ProceedsFromPaymentsForDerivativeInstrumentOperatingActivities
|
-4604000 | |
CY2022Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-733000 | |
CY2021Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-203000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
37774000 | |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
11101000 | |
CY2022Q1 | wti |
Increase Decrease In Joint Interest Receivables
IncreaseDecreaseInJointInterestReceivables
|
4476000 | |
CY2021Q1 | wti |
Increase Decrease In Joint Interest Receivables
IncreaseDecreaseInJointInterestReceivables
|
4394000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
12183000 | |
CY2021Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
7575000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
|
44000 | |
CY2022Q1 | us-gaap |
Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
|
5492000 | |
CY2021Q1 | us-gaap |
Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
|
962000 | |
CY2022Q1 | wti |
Increase Decrease In Cash Advances From Joint Venture Partners
IncreaseDecreaseInCashAdvancesFromJointVenturePartners
|
-8550000 | |
CY2021Q1 | wti |
Increase Decrease In Cash Advances From Joint Venture Partners
IncreaseDecreaseInCashAdvancesFromJointVenturePartners
|
-1023000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
15651000 | |
CY2022Q1 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
1029000 | |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
9633000 | |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
21884000 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
27537000 | |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
44964000 | |
CY2022Q1 | us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
17439000 | |
CY2021Q1 | us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
1575000 | |
CY2022Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-2630000 | |
CY2021Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
1758000 | |
CY2022Q1 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
30153000 | |
CY2021Q1 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
0 | |
CY2021Q1 | wti |
Purchases Of Furniture Fixtures And Other
PurchasesOfFurnitureFixturesAndOther
|
-2000 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-44962000 | |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3331000 | |
CY2021Q1 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
32000000 | |
CY2022Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
12630000 | |
CY2022Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
269000 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-12899000 | |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-32000000 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-30324000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
250216000 | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
43726000 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
219892000 | |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
53359000 | |
CY2022Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:17.85pt;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;background:#ffffff;">Reclassification – </span><span style="background:#ffffff;">For presentation purposes, as of March 31, 2021, </span><i style="font-style:italic;background:#ffffff;">Derivative loss </i><span style="background:#ffffff;">has been reclassified from “Operating income” on the Condensed Consolidated Statement of Operations in order to conform to the current period presentation. Such reclassification had no effect on our results of operations, financial position or cash flows. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:17.85pt;margin:0pt 0pt 12pt 0pt;"><span style="background:#ffffff;">For presentation purposes, as of March 31, 2021, </span><i style="font-style:italic;background:#ffffff;">Gathering and transportation</i><span style="background:#ffffff;"> and </span><i style="font-style:italic;background:#ffffff;">Production taxes </i><span style="background:#ffffff;">have been combined into one line item within “Operating income” on the Condensed Consolidated Statement of Operations in order to conform to the current period presentation. Such reclassification had no effect on our results of operations, financial position or cash flows.</span></p> | |
CY2021Q4 | wti |
Unamortized Bond Insurance Premiums
UnamortizedBondInsurancePremiums
|
5400000 | |
CY2022Q1 | us-gaap |
Prepaid Royalties
PrepaidRoyalties
|
9189000 | |
CY2021Q4 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
1091000 | |
CY2022Q1 | us-gaap |
Supplies
Supplies
|
4461000 | |
CY2021Q4 | us-gaap |
Prepaid Royalties
PrepaidRoyalties
|
8441000 | |
CY2022Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:17.85pt;margin:0pt 0pt 12pt 0pt;">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, the reported amounts of revenues and expenses during the reporting periods and the reported amounts of proved oil and natural gas reserves. Actual results could differ from those estimates.</p> | |
CY2022Q1 | wti |
Oil And Gas Joint Interest Billing Receivables Allowance For Credit Loss Current
OilAndGasJointInterestBillingReceivablesAllowanceForCreditLossCurrent
|
10900000 | |
CY2021Q4 | wti |
Oil And Gas Joint Interest Billing Receivables Allowance For Credit Loss Current
OilAndGasJointInterestBillingReceivablesAllowanceForCreditLossCurrent
|
10000000.0 | |
CY2022Q1 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
77658000 | |
CY2021Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
21086000 | |
CY2022Q1 | wti |
Unamortized Bond Insurance Premiums
UnamortizedBondInsurancePremiums
|
7291000 | |
CY2021Q4 | us-gaap |
Supplies
Supplies
|
4522000 | |
CY2022Q1 | wti |
Prepayments To Joint Interest Partners
PrepaymentsToJointInterestPartners
|
2653000 | |
CY2021Q4 | wti |
Prepayments To Joint Interest Partners
PrepaymentsToJointInterestPartners
|
2808000 | |
CY2022Q1 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
1763000 | |
CY2021Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
1065000 | |
CY2022Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
46000 | |
CY2021Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
57000 | |
CY2022Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
103061000 | |
CY2021Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
43379000 | |
CY2022Q1 | us-gaap |
Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
|
8727521000 | |
CY2021Q4 | us-gaap |
Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
|
8636408000 | |
CY2022Q1 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
20845000 | |
CY2021Q4 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
20844000 | |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
8748366000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
8657252000 | |
CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
8016674000 | |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
7992000000 | |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
731692000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
665252000 | |
CY2021Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
81456000 | |
CY2022Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1236000 | |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
3152000 | |
CY2022Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
209845000 | |
CY2022Q1 | us-gaap |
Other Long Term Investments
OtherLongTermInvestments
|
2740000 | |
CY2021Q4 | us-gaap |
Other Long Term Investments
OtherLongTermInvestments
|
2533000 | |
CY2022Q1 | wti |
Proportional Consolidation Adjustment In Other Asset
ProportionalConsolidationAdjustmentInOtherAsset
|
-531000 | |
CY2021Q4 | wti |
Proportional Consolidation Adjustment In Other Asset
ProportionalConsolidationAdjustmentInOtherAsset
|
2511000 | |
CY2022Q1 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
49550000 | |
CY2021Q4 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
34435000 | |
CY2022Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
10604000 | |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
10602000 | |
CY2022Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
63392000 | |
CY2021Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
51172000 | |
CY2022Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
25405000 | |
CY2021Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
10154000 | |
CY2022Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
3997000 | |
CY2021Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
9617000 | |
CY2022Q1 | us-gaap |
Settlement Liabilities Current
SettlementLiabilitiesCurrent
|
500000 | |
CY2021Q4 | us-gaap |
Settlement Liabilities Current
SettlementLiabilitiesCurrent
|
646000 | |
CY2022Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1409000 | |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1115000 | |
CY2022Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
177298000 | |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
106140000 | |
CY2022Q1 | wti |
Dispute Related To Royalty Deductions Noncurrent
DisputeRelatedToRoyaltyDeductionsNoncurrent
|
4937000 | |
CY2021Q4 | wti |
Dispute Related To Royalty Deductions Noncurrent
DisputeRelatedToRoyaltyDeductionsNoncurrent
|
5177000 | |
CY2022Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
63318000 | |
CY2021Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
37989000 | |
CY2022Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
10936000 | |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
11227000 | |
CY2022Q1 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
1147000 | |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
996000 | |
CY2022Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
80338000 | |
CY2021Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
55389000 | |
CY2022Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
39881000 | |
CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
42960000 | |
CY2022Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
680436000 | |
CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
687938000 | |
CY2022Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
720317000 | |
CY2022Q1 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
724372000 | |
CY2021Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
730898000 | |
CY2021Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
718294000 | |
CY2021Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
424495000 | |
CY2022Q1 | us-gaap |
Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
|
5492000 | |
CY2022Q1 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
6236000 | |
CY2022Q1 | us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
26493000 | |
CY2022Q1 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
23224000 | |
CY2022Q1 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
474956000 | |
CY2022Q1 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
67274000 | |
CY2022Q1 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
407682000 | |
CY2022Q1 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-43694000 | |
CY2021Q1 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-8244000 | |
CY2022Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-36303000 | |
CY2021Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-16334000 | |
CY2022Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-79997000 | |
CY2021Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-24578000 | |
CY2022Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-79997000 | |
CY2021Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-24578000 | |
CY2022Q1 | wti |
Proceeds From Payments For Derivative Instrument Operating Activities
ProceedsFromPaymentsForDerivativeInstrumentOperatingActivities
|
-30515000 | |
CY2021Q1 | wti |
Proceeds From Payments For Derivative Instrument Operating Activities
ProceedsFromPaymentsForDerivativeInstrumentOperatingActivities
|
-4604000 | |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
520000 | |
CY2021Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
454000 | |
CY2022Q1 | wti |
Incentive Compensation Total
IncentiveCompensationTotal
|
2732000 | |
CY2021Q1 | wti |
Incentive Compensation Total
IncentiveCompensationTotal
|
3975000 | |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-700000 | |
CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-200000 | |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.219 | |
CY2021Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.214 | |
CY2022Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
25800000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
24400000 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
142942000 | |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2457000 | |
CY2021Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-746000 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2457000 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-746000 | |
CY2022Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
0 | |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
142151000 | |
CY2022Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
142942000 | |
CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
142151000 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
717000 | |
CY2021Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
919000 | |
CY2010Q4 | wti |
Additional Royalty Due To Disallowed Deductions
AdditionalRoyaltyDueToDisallowedDeductions
|
4700000 | |
CY2017Q3 | wti |
Bonds Posted To Appeal Ibla Decision
BondsPostedToAppealIblaDecision
|
7200000 | |
CY2017Q3 | wti |
Collateral For Bonds Posted Related To Appeal With Ibla
CollateralForBondsPostedRelatedToAppealWithIbla
|
6900000 | |
CY2022Q1 | wti |
Collateral For Bonds Posted Related To Appeal With Ibla
CollateralForBondsPostedRelatedToAppealWithIbla
|
8200000 | |
CY2021Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
4500000 |