$WTI
W&T OFFSHORE INC

2022 Q3 Form 10-Q Financial Statement

#000155837022012510 Filed on August 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $266.5M $273.8M $191.0M
YoY Change 98.95% 106.14% 52.02%
Cost Of Revenue $59.01M $52.98M $43.41M
YoY Change 49.43% 11.41% 2.38%
Gross Profit $207.5M $220.8M $147.6M
YoY Change 119.65% 158.96% 77.18%
Gross Profit Margin 77.86% 80.65% 77.27%
Selling, General & Admin $35.25M $24.15M $19.04M
YoY Change 76.37% 16.29% 12.02%
% of Gross Profit 16.99% 10.94% 12.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.49M $27.68M $24.68M
YoY Change 4.57% 11.05% 18.81%
% of Gross Profit 13.25% 12.53% 16.72%
Operating Expenses $69.36M $58.51M $49.95M
YoY Change 49.88% 13.13% 14.57%
Operating Profit $138.1M $162.3M $97.64M
YoY Change -653.44% 383.71% 146.4%
Interest Expense $16.85M $18.18M $19.88M
YoY Change -10.9% 10.0% 32.25%
% of Operating Profit 12.2% 11.2% 20.36%
Other Income/Expense, Net $600.0K $1.534M -$905.0K
YoY Change -6.02%
Pretax Income $83.12M $154.5M -$3.146M
YoY Change -289.48% -339.91% 231.51%
Income Tax $16.40M $31.10M -$700.0K
% Of Pretax Income 19.73% 20.13%
Net Earnings $66.72M $123.4M -$2.457M
YoY Change -275.75% -338.88% 229.36%
Net Earnings / Revenue 25.04% 45.08% -1.29%
Basic Earnings Per Share $0.46 $0.86 -$0.02
Diluted Earnings Per Share $0.46 $0.85 -$0.02
COMMON SHARES
Basic Shares Outstanding 143.2M 143.0M 142.9M
Diluted Shares Outstanding 145.9M 144.5M 142.9M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $447.1M $377.7M $215.5M
YoY Change 73.59% 80.6% 303.51%
Cash & Equivalents $447.1M $377.7M $215.5M
Short-Term Investments
Other Short-Term Assets $44.00K $54.00K $46.00K
YoY Change -80.27% -95.38% -95.33%
Inventory
Prepaid Expenses
Receivables $89.20M $99.16M $92.69M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $610.6M $547.7M $429.9M
YoY Change 59.59% 81.48% 221.1%
LONG-TERM ASSETS
Property, Plant & Equipment $730.0M $741.4M $731.7M
YoY Change 11.63% 12.73% 9.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.193M $2.989M $2.740M
YoY Change 5.24% -0.2% -5.52%
Other Assets $65.68M $53.54M $63.39M
YoY Change 2.99% 26.28% 180.33%
Total Long-Term Assets $879.7M $892.1M $920.3M
YoY Change 2.2% 6.55% 12.8%
TOTAL ASSETS
Total Short-Term Assets $610.6M $547.7M $429.9M
Total Long-Term Assets $879.7M $892.1M $920.3M
Total Assets $1.490B $1.440B $1.350B
YoY Change 19.86% 26.41% 42.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.05M $81.03M $69.20M
YoY Change -8.54% 48.34% 58.29%
Accrued Expenses $154.2M $154.0M $209.8M
YoY Change -21.5% 53.41% 225.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $35.45M $37.20M $39.88M
YoY Change -23.27% 1.16%
Total Short-Term Liabilities $380.8M $383.5M $426.5M
YoY Change 0.26% 56.93% 166.5%
LONG-TERM LIABILITIES
Long-Term Debt $666.0M $672.0M $680.4M
YoY Change -4.34% -6.4% 14.58%
Other Long-Term Liabilities $94.84M $94.26M $80.34M
YoY Change 13.16% 67.54% 152.79%
Total Long-Term Liabilities $760.8M $766.2M $760.8M
YoY Change -2.46% -1.03% 21.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $380.8M $383.5M $426.5M
Total Long-Term Liabilities $760.8M $766.2M $760.8M
Total Liabilities $1.142B $1.150B $1.187B
YoY Change -1.57% 12.88% 51.12%
SHAREHOLDERS EQUITY
Retained Earnings -$588.2M -$655.0M -$778.4M
YoY Change -28.68% -16.76% 5.87%
Common Stock $557.4M $554.8M $553.2M
YoY Change 0.95% 0.63% 0.43%
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 -$55.02M -$124.4M -$249.4M
YoY Change
Total Liabilities & Shareholders Equity $1.490B $1.440B $1.350B
YoY Change 19.86% 26.41% 42.17%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $66.72M $123.4M -$2.457M
YoY Change -275.75% -338.88% 229.36%
Depreciation, Depletion And Amortization $27.49M $27.68M $24.68M
YoY Change 4.57% 11.05% 18.81%
Cash From Operating Activities $89.09M $210.2M $27.54M
YoY Change 36.86% 17506.53% -38.76%
INVESTING ACTIVITIES
Capital Expenditures -$8.326M -$25.52M -$47.59M
YoY Change -18.12% 499.67% 2874.5%
Acquisitions
YoY Change
Other Investing Activities -$2.451M -$8.416M -$2.630M
YoY Change -136.61% 559.56% -249.6%
Cash From Investing Activities -$10.78M -$33.94M -$44.96M
YoY Change 210.22% 502.59% 1249.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.909M -14.04M -12.90M
YoY Change -32.44% -108.76% -59.69%
NET CHANGE
Cash From Operating Activities 89.09M 210.2M 27.54M
Cash From Investing Activities -10.78M -33.94M -44.96M
Cash From Financing Activities -8.909M -14.04M -12.90M
Net Change In Cash 69.41M 162.2M -30.32M
YoY Change 43.29% 4.19% -414.79%
FREE CASH FLOW
Cash From Operating Activities $89.09M $210.2M $27.54M
Capital Expenditures -$8.326M -$25.52M -$47.59M
Free Cash Flow $97.42M $235.7M $75.13M
YoY Change 29.43% 4225.58% 61.35%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-92000
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
1-32414
dei Entity Registrant Name
EntityRegistrantName
W&T OFFSHORE, INC.
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
377724000
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
TX
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142197000
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
72-1121985
dei Entity Address Address Line1
EntityAddressAddressLine1
5718 Westheimer Road, Suite 700
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
245799000
dei Entity Address City Or Town
EntityAddressCityOrTown
Houston
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4417000
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77057-5745
dei City Area Code
CityAreaCode
713
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4417000
dei Local Phone Number
LocalPhoneNumber
626-8525
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
99155000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
54919000
CY2022Q2 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
13370000
dei Entity Central Index Key
EntityCentralIndexKey
0001288403
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2021Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
9745000
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2022Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
112525000
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1505000
wti Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights Percentage Each Year
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRightsPercentageEachYear
0.3333
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Security Exchange Name
SecurityExchangeName
NYSE
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
143154386
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
671974000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
687938000
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
dei Security12b Title
Security12bTitle
Common Stock, par value $0.00001
dei Trading Symbol
TradingSymbol
WTI
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
64664000
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
53073000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
43379000
CY2022Q2 us-gaap Assets Current
AssetsCurrent
547739000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
358259000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
741390000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
665252000
CY2022Q2 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
21667000
CY2021Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
16019000
CY2022Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
75474000
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
102505000
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
53538000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
51172000
CY2022Q2 us-gaap Assets
Assets
1439808000
CY2021Q4 us-gaap Assets
Assets
1193207000
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
81031000
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
67409000
CY2022Q2 us-gaap Oil And Gas Sales Payable Current
OilAndGasSalesPayableCurrent
51215000
CY2021Q4 us-gaap Oil And Gas Sales Payable Current
OilAndGasSalesPayableCurrent
36243000
CY2022Q2 wti Advances From Joint Interest Partners Current
AdvancesFromJointInterestPartnersCurrent
5259000
CY2021Q4 wti Advances From Joint Interest Partners Current
AdvancesFromJointInterestPartnersCurrent
15072000
CY2022Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
51504000
CY2021Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
56419000
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
153967000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
106140000
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
37199000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
42960000
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
3356000
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
133000
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
383531000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
324376000
CY2022Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
409265000
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
368076000
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
94257000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
55389000
CY2022Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
113000
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
113000
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
5037000
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
4495000
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
146024000
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
143154000
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
145732000
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
142863000
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
1000
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
1000
CY2022Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
554755000
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
552923000
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-654958000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-775937000
CY2022Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
2869000
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2869000
CY2022Q2 us-gaap Treasury Stock Value
TreasuryStockValue
24167000
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
24167000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-124369000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-247180000
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1439808000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1193207000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
273808000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
132828000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
464812000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
258476000
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
52976000
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
47552000
us-gaap Operating Lease Expense
OperatingLeaseExpense
96387000
us-gaap Operating Lease Expense
OperatingLeaseExpense
89909000
CY2022Q2 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
9181000
CY2021Q2 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
6780000
us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
14448000
us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
13095000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27679000
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
24924000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
52354000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45694000
CY2022Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
6681000
CY2021Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
6028000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
12917000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
11895000
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14967000
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13986000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
28743000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24698000
CY2022Q2 us-gaap Costs And Expenses
CostsAndExpenses
111484000
CY2021Q2 us-gaap Costs And Expenses
CostsAndExpenses
99270000
us-gaap Costs And Expenses
CostsAndExpenses
204849000
us-gaap Costs And Expenses
CostsAndExpenses
185291000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
162324000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
33558000
us-gaap Operating Income Loss
OperatingIncomeLoss
259963000
us-gaap Operating Income Loss
OperatingIncomeLoss
73185000
CY2022Q2 us-gaap Interest Expense
InterestExpense
18183000
CY2021Q2 us-gaap Interest Expense
InterestExpense
16530000
us-gaap Interest Expense
InterestExpense
38066000
us-gaap Interest Expense
InterestExpense
31564000
CY2022Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
8854000
CY2021Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-81440000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-71143000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-106020000
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1534000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
629000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-963000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
154529000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-64412000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
151383000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-65362000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31093000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-12740000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30404000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-12944000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
123436000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-51672000
us-gaap Net Income Loss
NetIncomeLoss
120979000
us-gaap Net Income Loss
NetIncomeLoss
-52418000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.85
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.36
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143020000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142244000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142981000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142197000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144525000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142244000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144094000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142197000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-249385000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
2014000
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
434000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
123436000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-124369000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-208578000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
467000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-51672000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-259783000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-247180000
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
2534000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
702000
us-gaap Net Income Loss
NetIncomeLoss
120979000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-124369000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-208286000
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
921000
us-gaap Net Income Loss
NetIncomeLoss
-52418000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-259783000
us-gaap Profit Loss
ProfitLoss
120979000
us-gaap Profit Loss
ProfitLoss
-52418000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
65271000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
57589000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4365000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2967000
us-gaap Share Based Compensation
ShareBasedCompensation
2534000
us-gaap Share Based Compensation
ShareBasedCompensation
921000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-71143000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-106020000
wti Proceeds From Payments For Derivative Instrument Operating Activities
ProceedsFromPaymentsForDerivativeInstrumentOperatingActivities
70227000
wti Proceeds From Payments For Derivative Instrument Operating Activities
ProceedsFromPaymentsForDerivativeInstrumentOperatingActivities
-41130000
wti Derivative Cash Premium Payments
DerivativeCashPremiumPayments
-46111000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
27031000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-13006000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
44236000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11390000
wti Increase Decrease In Joint Interest Receivables
IncreaseDecreaseInJointInterestReceivables
3625000
wti Increase Decrease In Joint Interest Receivables
IncreaseDecreaseInJointInterestReceivables
910000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
30092000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
17605000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
3223000
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
39775000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
51172000
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
20844000
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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
382141000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
209148000
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8785744000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8657252000
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 June 30, 2021, </span><i style="font-style:italic;background:#ffffff;">Derivative (gain) 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 the Company’s 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 June 30, 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 the Company’s results of operations, financial position or cash flows.</span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</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>
CY2022Q2 wti Oil And Gas Joint Interest Billing Receivables Allowance For Credit Loss Current
OilAndGasJointInterestBillingReceivablesAllowanceForCreditLossCurrent
11600000
CY2021Q4 wti Oil And Gas Joint Interest Billing Receivables Allowance For Credit Loss Current
OilAndGasJointInterestBillingReceivablesAllowanceForCreditLossCurrent
10000000.0
CY2022Q2 wti Dispute Related To Royalty Deductions Noncurrent
DisputeRelatedToRoyaltyDeductionsNoncurrent
6534000
CY2021Q4 wti Dispute Related To Royalty Deductions Noncurrent
DisputeRelatedToRoyaltyDeductionsNoncurrent
5177000
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8044354000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7992000000
CY2022Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
75550000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
741390000
CY2022Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
25820000
CY2021Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
21086000
CY2022Q2 wti Unamortized Bond Insurance Premiums
UnamortizedBondInsurancePremiums
6404000
CY2021Q4 wti Unamortized Bond Insurance Premiums
UnamortizedBondInsurancePremiums
5400000
CY2022Q2 us-gaap Prepaid Royalties
PrepaidRoyalties
11476000
CY2021Q4 us-gaap Prepaid Royalties
PrepaidRoyalties
8441000
CY2022Q2 us-gaap Supplies
Supplies
5344000
CY2021Q4 us-gaap Supplies
Supplies
4522000
CY2022Q2 wti Prepayments To Joint Interest Partners
PrepaymentsToJointInterestPartners
2768000
CY2021Q4 wti Prepayments To Joint Interest Partners
PrepaymentsToJointInterestPartners
2808000
CY2022Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
1207000
CY2021Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
1065000
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
54000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
57000
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
53073000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
43379000
CY2022Q2 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
8764899000
CY2021Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
8636408000
CY2022Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
20845000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
665252000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10523000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10602000
CY2022Q2 us-gaap Other Long Term Investments
OtherLongTermInvestments
2989000
CY2021Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
2533000
CY2022Q2 wti Proportional Consolidation Adjustment In Other Asset
ProportionalConsolidationAdjustmentInOtherAsset
12504000
CY2021Q4 wti Proportional Consolidation Adjustment In Other Asset
ProportionalConsolidationAdjustmentInOtherAsset
2511000
CY2022Q2 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
26509000
CY2021Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
34435000
CY2022Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1013000
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1091000
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
53538000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1113000
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
10165000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
10154000
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5052000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9617000
CY2022Q2 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
500000
CY2021Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
646000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1417000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1115000
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
135963000
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
81456000
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
870000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3152000
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
153967000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
106140000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144525000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-106020000
CY2021Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
37989000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10971000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11227000
CY2022Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
1202000
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
996000
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
94257000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
55389000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142244000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144094000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142197000
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
37199000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
42960000
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
671974000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
687938000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
709173000
CY2022Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
685550000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
730898000
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
718294000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-71143000
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
424495000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
39775000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
12917000
wti Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
33202000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
138000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
29792000
CY2022Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
460769000
CY2022Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
51504000
CY2022Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
409265000
CY2022Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
79667000
CY2021Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-15357000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
35973000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-23602000
CY2022Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-70813000
CY2021Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-66083000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-107116000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-82418000
CY2022Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
8854000
CY2021Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-81440000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-71143000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-106020000
wti Realized Gain Or Loss Through Restructuring Of Strike Prices
RealizedGainOrLossThroughRestructuringOfStrikePrices
138000000.0
CY2022Q2 wti Realized Gain Or Loss Through Restructuring Of Strike Prices
RealizedGainOrLossThroughRestructuringOfStrikePrices
138000000.0
wti Proceeds From Payments For Derivative Instrument Operating Activities
ProceedsFromPaymentsForDerivativeInstrumentOperatingActivities
70227000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143020000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142244000
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2014000
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
467000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2534000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
921000
CY2022Q2 wti Incentive Compensation Total
IncentiveCompensationTotal
2866000
CY2021Q2 wti Incentive Compensation Total
IncentiveCompensationTotal
3959000
wti Incentive Compensation Total
IncentiveCompensationTotal
5599000
wti Incentive Compensation Total
IncentiveCompensationTotal
7935000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31100000
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.201
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-12700000
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.198
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30400000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.201
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-12900000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.198
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
15700000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
24400000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
123436000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-51672000
us-gaap Net Income Loss
NetIncomeLoss
120979000
us-gaap Net Income Loss
NetIncomeLoss
-52418000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
123436000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-51672000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
120979000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-52418000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142981000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.85
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
880000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
899000
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
CY2022Q2 wti Collateral For Bonds Posted Related To Appeal With Ibla
CollateralForBondsPostedRelatedToAppealWithIbla
8200000
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
4500000
CY2022Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
500000
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
11213000
wti Increase Decrease In Cash Advances From Joint Venture Partners
IncreaseDecreaseInCashAdvancesFromJointVenturePartners
-9813000
wti Increase Decrease In Cash Advances From Joint Venture Partners
IncreaseDecreaseInCashAdvancesFromJointVenturePartners
-3925000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
46638000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
30386000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
237759000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
46194000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
25489000
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
5854000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5786000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3078000
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
47625000
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
0
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-78900000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8932000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
80000000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
215000000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
24941000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1290000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6840000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-703000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-26934000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
128160000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
131925000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
165422000
wti Proceeds From Payments For Derivative Instrument Operating Activities
ProceedsFromPaymentsForDerivativeInstrumentOperatingActivities
-41130000
wti Derivative Cash Premium Payments
DerivativeCashPremiumPayments
-46111000
wti Cash Receipts Related To Natural Gas Call Contracts Through Restructuring Of Strike Prices
CashReceiptsRelatedToNaturalGasCallContractsThroughRestructuringOfStrikePrices
105300000

Files In Submission

Name View Source Status
0001558370-22-012510-index-headers.html Edgar Link pending
0001558370-22-012510-index.html Edgar Link pending
0001558370-22-012510.txt Edgar Link pending
0001558370-22-012510-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
wti-20220630.xsd Edgar Link pending
wti-20220630x10q.htm Edgar Link pending
wti-20220630xex10d1.htm Edgar Link pending
wti-20220630xex10d2.htm Edgar Link pending
wti-20220630xex10d3.htm Edgar Link pending
wti-20220630xex31d1.htm Edgar Link pending
wti-20220630xex31d2.htm Edgar Link pending
wti-20220630xex32d1.htm Edgar Link pending
wti-20220630xex3d4.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
wti-20220630_cal.xml Edgar Link unprocessable
wti-20220630_lab.xml Edgar Link unprocessable
wti-20220630_pre.xml Edgar Link unprocessable
wti-20220630_def.xml Edgar Link unprocessable
wti-20220630x10q_htm.xml Edgar Link completed