$WTI
W&T OFFSHORE INC

2014 Q1 Form 10-Q Financial Statement

#000156459014001890 Filed on May 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $254.5M $259.2M
YoY Change -1.82% 9.89%
Cost Of Revenue $55.60M $59.30M
YoY Change -6.24% 2.07%
Gross Profit $198.9M $199.9M
YoY Change -0.5% 12.49%
Gross Profit Margin 78.15% 77.12%
Selling, General & Admin $30.90M $27.30M
YoY Change 13.19% -18.99%
% of Gross Profit 15.54% 13.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $123.3M $108.9M
YoY Change 13.22% 23.05%
% of Gross Profit 61.99% 54.48%
Operating Expenses $154.2M $136.2M
YoY Change 13.22% 11.37%
Operating Profit $37.23M $60.32M
YoY Change -38.29% 279.07%
Interest Expense -$26.90M -$22.20M
YoY Change 21.17% -55.86%
% of Operating Profit -72.26% -36.8%
Other Income/Expense, Net
YoY Change
Pretax Income $17.84M $41.52M
YoY Change -57.04% 698.62%
Income Tax $6.648M $14.90M
% Of Pretax Income 37.27% 35.89%
Net Earnings $11.19M $26.62M
YoY Change -57.96% 727.16%
Net Earnings / Revenue 4.4% 10.27%
Basic Earnings Per Share
Diluted Earnings Per Share $148.1K $353.7K
COMMON SHARES
Basic Shares Outstanding 75.59M 75.25M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.30M $12.30M
YoY Change 65.04% 44.71%
Cash & Equivalents $20.34M $12.28M
Short-Term Investments
Other Short-Term Assets $27.00M $23.80M
YoY Change 13.45% -28.1%
Inventory
Prepaid Expenses
Receivables $121.5M $97.31M
Other Receivables $3.200M $45.60M
Total Short-Term Assets $172.0M $214.7M
YoY Change -19.89% 35.63%
LONG-TERM ASSETS
Property, Plant & Equipment $2.262B $2.099B
YoY Change 7.77% 28.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $60.20M $18.86M
YoY Change 219.28% -61.75%
Total Long-Term Assets $2.323B $2.147B
YoY Change 8.16% 27.52%
TOTAL ASSETS
Total Short-Term Assets $172.0M $214.7M
Total Long-Term Assets $2.323B $2.147B
Total Assets $2.495B $2.362B
YoY Change 5.61% 28.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $115.3M $112.2M
YoY Change 2.74% 72.65%
Accrued Expenses $31.60M $39.07M
YoY Change -19.11% -28.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $266.0M $262.5M
YoY Change 1.33% 0.62%
LONG-TERM LIABILITIES
Long-Term Debt $1.194B $1.060B
YoY Change 12.61% 54.98%
Other Long-Term Liabilities $299.2M $8.288M
YoY Change 3510.04% -97.07%
Total Long-Term Liabilities $1.493B $1.068B
YoY Change 39.75% 10.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $266.0M $262.5M
Total Long-Term Liabilities $1.493B $1.068B
Total Liabilities $1.947B $1.331B
YoY Change 46.32% 2.54%
SHAREHOLDERS EQUITY
Retained Earnings $189.7M
YoY Change
Common Stock $398.5M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.17M
YoY Change
Treasury Stock Shares
Shareholders Equity $547.3M $564.0M
YoY Change
Total Liabilities & Shareholders Equity $2.495B $2.362B
YoY Change 5.61% 28.21%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $11.19M $26.62M
YoY Change -57.96% 727.16%
Depreciation, Depletion And Amortization $123.3M $108.9M
YoY Change 13.22% 23.05%
Cash From Operating Activities $136.1M $169.8M
YoY Change -19.86% 32.52%
INVESTING ACTIVITIES
Capital Expenditures -$95.30M -$136.7M
YoY Change -30.29% 60.63%
Acquisitions
YoY Change
Other Investing Activities -$17.60M
YoY Change
Cash From Investing Activities -$112.9M -$136.7M
YoY Change -17.43% 60.63%
FINANCING ACTIVITIES
Cash Dividend Paid $7.563M $6.020M
YoY Change 25.63% 1.21%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.60M -33.06M
YoY Change -43.74% -15.3%
NET CHANGE
Cash From Operating Activities 136.1M 169.8M
Cash From Investing Activities -112.9M -136.7M
Cash From Financing Activities -18.60M -33.06M
Net Change In Cash 4.600M 32.00K
YoY Change 14275.0% -99.2%
FREE CASH FLOW
Cash From Operating Activities $136.1M $169.8M
Capital Expenditures -$95.30M -$136.7M
Free Cash Flow $231.4M $306.5M
YoY Change -24.51% 43.74%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2433000
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17837000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14902000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
26618000
CY2013Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.35
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
41520000
CY2014Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23588000
CY2013Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21087000
CY2014Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-7492000
CY2013Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-3368000
CY2014Q1 us-gaap Costs And Expenses
CostsAndExpenses
217291000
CY2013Q1 us-gaap Costs And Expenses
CostsAndExpenses
198901000
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
37225000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
60321000
CY2014Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
21460000
CY2013Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
21234000
CY2014Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2072000
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26337000
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
75206000
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6648000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
11189000
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.15
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.08
CY2014Q1 us-gaap Dividends Cash
DividendsCash
7563000
CY2014Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
-670000
CY2013Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
447000
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2255000
CY2014Q1 wti Cash Payments Receipts On Derivative Settlements
CashPaymentsReceiptsOnDerivativeSettlements
4670000
CY2013Q1 wti Cash Payments Receipts On Derivative Settlements
CashPaymentsReceiptsOnDerivativeSettlements
4271000
CY2014Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6645000
CY2013Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12507000
CY2014Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2815000
CY2013Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-423000
CY2014Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-2286000
CY2013Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-25875000
CY2014Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-35000
CY2013Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
2372000
CY2014Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2709000
CY2013Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4911000
CY2014Q1 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
16342000
CY2013Q1 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
23464000
CY2014Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-20850000
CY2013Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
9921000
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
118490000
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
169834000
CY2014Q1 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
95067000
CY2013Q1 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
136626000
CY2013Q1 us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
114000
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-136740000
CY2014Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
92000000
CY2013Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
112000000
CY2014Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
103000000
CY2013Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
139000000
CY2014Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
7563000
CY2013Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
6020000
CY2014Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-65000
CY2013Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-42000
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-18628000
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-33062000
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4535000
CY2013Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
32000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12245000
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12277000
CY2013Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0850
CY2014Q1 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
14847000
CY2014Q1 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:3.57%;font-family:Times New Roman;"><font style="font-weight:bold;font-style:italic;;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:3.57%;">Operations.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:3.57%;">&nbsp;&nbsp;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">W&amp;T Offshore, Inc. and subsidiaries, referred to herein as &#8220;W&amp;T&#8221; or the &#8220;Company,&#8221; is an independent oil and natural gas producer focused primarily in the Gulf of Mexico and onshore Texas.&nbsp;&nbsp;The Company is active in the exploration, development and acquisition of oil and natural gas properties.&nbsp;&nbsp;Our interest in fields, leases, structures and equipment are primarily owned by W&amp;T Offshore, Inc. (the &#8220;Parent Company&#8221;) and our wholly-owned subsidiary, W&amp;T Energy VI, LLC (&#8220;Energy VI&#8221;).</font></p></div>
CY2014Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:3.57%;font-family:Times New Roman;font-size:10pt;"><font style="font-weight:bold;font-style:italic;;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:3.57%;">Use of Estimates.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:3.57%;">&nbsp;&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.&nbsp;&nbsp;Actual results could differ from those estimates.</font></p></div>
CY2014Q1 wti Increase In Production
IncreaseInProduction
264
CY2014Q1 wti Adjustment To Depreciation Depletion Amortization
AdjustmentToDepreciationDepletionAmortization
800000
CY2014Q1 wti Reduction In Net Income
ReductionInNetIncome
500000
CY2013Q3 wti Asset Retirement Obligation Reversal Related To Sale Of Facilities
AssetRetirementObligationReversalRelatedToSaleOfFacilities
15600000
CY2013Q3 wti Adjustment For Effective Date To Sell Properties
AdjustmentForEffectiveDateToSellProperties
4300000
CY2014Q1 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
16342000
CY2014Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
4983000
CY2014Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
4277000
CY2014Q1 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
7059000
CY2014Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
354399000
CY2014Q1 wti Realized Gain Loss On Commodity Contracts
RealizedGainLossOnCommodityContracts
-4670000
CY2013Q1 wti Realized Gain Loss On Commodity Contracts
RealizedGainLossOnCommodityContracts
-4271000
CY2014Q1 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
-2822000
CY2013Q1 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
903000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
141000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
141000
CY2014Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
12104000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
9423000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
141000
CY2014Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
12104000
CY2013Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
9282000
CY2014Q1 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
900000000
CY2013Q4 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
900000000
CY2013Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
15421000
CY2014Q1 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
279000000
CY2013Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
290000000
CY2014Q1 us-gaap Long Term Debt
LongTermDebt
1193847000
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
1205421000
CY2014Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
CY2013Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
CY2014Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0850
CY2014Q1 us-gaap Debt Instrument Payment Terms
DebtInstrumentPaymentTerms
Interest on the 8.50% Senior Notes is payable semi-annually in arrears on June 15 and December 15.
CY2013 us-gaap Debt Instrument Payment Terms
DebtInstrumentPaymentTerms
Interest on the 8.50% Senior Notes is payable semi-annually in arrears on June 15 and December 15.
CY2014Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2019-06-15
CY2014Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
400000
CY2013Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
400000
CY2014Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
800000000
CY2014Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
520600000
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5036436
CY2014Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1315000
CY2013Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
789000
CY2014Q1 wti Incentive Compensation Charged To Operating Income Loss
IncentiveCompensationChargedToOperatingIncomeLoss
6841000
CY2013Q1 wti Incentive Compensation Charged To Operating Income Loss
IncentiveCompensationChargedToOperatingIncomeLoss
7178000
CY2013Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.359
CY2014Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2014Q1 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
120000
CY2013Q1 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
281000
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11069000
CY2014Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2013Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
CY2014Q1 wti Under Payment Of Royalty
UnderPaymentOfRoyalty
30000
CY2014Q1 wti Under Payment Of Royalty Percentage
UnderPaymentOfRoyaltyPercentage
0.000045
CY2014Q1 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
2300000
CY2014Q1 wti Costs Incurred Related To Insurance Claim In Dispute
CostsIncurredRelatedToInsuranceClaimInDispute
46000000
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
75556000
CY2013Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
870000

Files In Submission

Name View Source Status
0001564590-14-001890-index-headers.html Edgar Link pending
0001564590-14-001890-index.html Edgar Link pending
0001564590-14-001890.txt Edgar Link pending
0001564590-14-001890-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx 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
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-10q_20140331.htm Edgar Link pending
wti-20140331.xml Edgar Link completed
wti-20140331.xsd Edgar Link pending
wti-20140331_cal.xml Edgar Link unprocessable
wti-20140331_def.xml Edgar Link unprocessable
wti-20140331_lab.xml Edgar Link unprocessable
wti-20140331_pre.xml Edgar Link unprocessable
wti-ex10_2014033197.htm Edgar Link pending
wti-ex10_2014033198.htm Edgar Link pending
wti-ex10_2014033199.htm Edgar Link pending
wti-ex31_2014033194.htm Edgar Link pending
wti-ex31_2014033195.htm Edgar Link pending
wti-ex32_2014033196.htm Edgar Link pending