$WTI
W&T OFFSHORE INC Stock $wti

$wti Overview Financials Valuation SEC Filings Company Website

2014 Form 10-K Financial Statement

#000156459015001376 Filed on March 06, 2015

Income Statement

Concept	2014	2013 Q4	2013 Q3
Revenue	$948.7M	$244.9M	$244.6M
YoY Change	-3.6%	3.28%	31.52%
Cost Of Revenue	$264.8M	$75.90M	$67.30M
YoY Change	-2.22%	22.62%	22.81%
Gross Profit	$684.0M	$169.0M	$177.2M
YoY Change	-4.09%	-3.54%	35.06%
Gross Profit Margin	72.1%	69.0%	72.46%
Selling, General & Admin	$114.8M	$27.50M	$25.40M
YoY Change	8.3%	11.79%	18.14%
% of Gross Profit	16.78%	16.27%	14.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$490.5M	$138.6M	$104.1M
YoY Change	13.9%	32.89%	34.39%
% of Gross Profit	71.71%	82.01%	58.75%
Operating Expenses	$625.8M	$166.1M	$129.6M
YoY Change	12.23%	28.76%	31.04%
Operating Profit	$62.07M	$622.0K	$31.97M
YoY Change	-57.7%	-98.67%	322.82%
Interest Expense	-$74.40M	-$21.30M	-$34.50M
YoY Change	-11.64%	33.13%	-333.25%
% of Operating Profit	-119.87%	-3424.44%	-107.93%
Other Income/Expense, Net	$208.0K	$0.00	$100.0K
YoY Change	108.0%		-50.5%
Pretax Income	-$16.12M	-$18.50M	$22.23M
YoY Change	-120.12%	-161.06%	-709.63%
Income Tax	-$4.459M	-$6.600M	$8.033M
% Of Pretax Income			36.14%
Net Earnings	-$11.66M	-$11.89M	$14.19M
YoY Change	-122.72%	-171.3%	-1064.92%
Net Earnings / Revenue	-1.23%	-4.85%	5.8%
Basic Earnings Per Share
Diluted Earnings Per Share	-$154.8K	-$158.0K	$188.8K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2014	2013 Q4	2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$23.70M	$15.80M	$15.20M
YoY Change	50.0%	29.51%	117.14%
Cash & Equivalents	$23.70M	$15.80M	$15.20M
Short-Term Investments
Other Short-Term Assets	$36.30M	$30.00M	$49.30M
YoY Change	21.0%	15.83%	-37.83%
Inventory
Prepaid Expenses
Receivables	$110.9M	$96.75M	$116.7M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$170.9M	$173.6M	$181.2M
YoY Change	-1.56%	-27.7%	-4.58%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.494B	$2.276B	$2.191B
YoY Change	9.58%	10.45%	29.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$24.80M	$20.46M	$51.80M
YoY Change	-57.17%	2.57%	261.53%
Total Long-Term Assets	$2.519B	$2.334B	$2.243B
YoY Change	7.92%	10.66%	29.12%
TOTAL ASSETS
Total Short-Term Assets	$170.9M	$173.6M	$181.2M
Total Long-Term Assets	$2.519B	$2.334B	$2.243B
Total Assets	$2.690B	$2.507B	$2.424B
YoY Change	7.27%	6.74%	25.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$194.1M	$145.2M	$130.0M
YoY Change	33.68%	17.22%	24.67%
Accrued Expenses	$17.40M	$28.00M	$42.40M
YoY Change	-6.45%	33.2%	31.14%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due		$0.00
YoY Change
Total Short-Term Liabilities	$284.5M	$293.1M	$317.3M
YoY Change	-2.93%	6.74%	22.93%
LONG-TERM LIABILITIES
Long-Term Debt	$1.352B	$1.205B	$1.053B
YoY Change	12.17%	10.83%	46.45%
Other Long-Term Liabilities	$368.3M	$13.39M	$283.0M
YoY Change	27.0%	50.29%	2888.38%
Total Long-Term Liabilities	$1.720B	$1.219B	$1.336B
YoY Change	15.05%	11.15%	83.4%
TOTAL LIABILITIES
Total Short-Term Liabilities	$284.5M	$293.1M	$317.3M
Total Long-Term Liabilities	$1.720B	$1.219B	$1.336B
Total Liabilities	$2.180B	$1.512B	$1.831B
YoY Change	10.86%	10.27%	85.56%
SHAREHOLDERS EQUITY
Retained Earnings		$161.2M
YoY Change		-4.7%
Common Stock		$403.6M
YoY Change		1.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)		$24.17M
YoY Change		0.0%
Treasury Stock Shares
Shareholders Equity	$509.3M	$540.6M	$593.0M
YoY Change
Total Liabilities & Shareholders Equity	$2.690B	$2.507B	$2.424B
YoY Change	7.27%	6.74%	25.8%

Cashflow Statement

Concept	2014	2013 Q4	2013 Q3
OPERATING ACTIVITIES
Net Income	-$11.66M	-$11.89M	$14.19M
YoY Change	-122.72%	-171.3%	-1064.92%
Depreciation, Depletion And Amortization	$490.5M	$138.6M	$104.1M
YoY Change	13.9%	32.89%	34.39%
Cash From Operating Activities	$474.8M	$86.90M	$178.4M
YoY Change	-15.42%	158.63%	61.89%
INVESTING ACTIVITIES
Capital Expenditures	-$557.7M	-$129.0M	-$124.2M
YoY Change	0.78%	-23.12%	-1.82%
Acquisitions
YoY Change
Other Investing Activities	-$34.80M	-$67.40M	$4.600M
YoY Change	-44.59%	-57.53%	-128.57%
Cash From Investing Activities	-$592.5M	-$196.3M	-$119.7M
YoY Change	-3.63%	-39.88%	-16.06%
FINANCING ACTIVITIES
Cash Dividend Paid	$30.26M
YoY Change	-48.58%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	125.5M	110.0M	-52.90M
YoY Change	120.17%	-63.1%	-271.2%
NET CHANGE
Cash From Operating Activities	474.8M	86.90M	178.4M
Cash From Investing Activities	-592.5M	-196.3M	-119.7M
Cash From Financing Activities	125.5M	110.0M	-52.90M
Net Change In Cash	7.800M	600.0K	5.800M
YoY Change	119.41%	-88.46%	-486.67%
FREE CASH FLOW
Cash From Operating Activities	$474.8M	$86.90M	$178.4M
Capital Expenditures	-$557.7M	-$129.0M	-$124.2M
Free Cash Flow	$1.033B	$215.9M	$302.6M
YoY Change	-7.38%	7.2%	27.84%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2014Q4	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	11662000
CY2013Q4	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	584000
CY2014	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	14744000
CY2014	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-345000
CY2013	us-gaap	Net Income Loss NetIncomeLoss	51322000
CY2013	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.68
CY2014Q4	us-gaap	Oil And Gas Sales Payable Current OilAndGasSalesPayableCurrent	37009000
CY2013Q4	us-gaap	Oil And Gas Sales Payable Current OilAndGasSalesPayableCurrent	42107000
CY2014	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	208000
CY2013	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	8946000
CY2014	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-16120000
CY2014	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-4459000
CY2013	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	28774000
CY2014	us-gaap	Net Income Loss NetIncomeLoss	-11661000
CY2014	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.16
CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	544574000
CY2012	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	12398000
CY2012	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	5329000
CY2012	us-gaap	Stockholders Equity Other StockholdersEquityOther	392000
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	541187000
CY2013	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	11525000
CY2013	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	2370000
CY2013	us-gaap	Stockholders Equity Other StockholdersEquityOther	-2208000
CY2014	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	848000
CY2014	us-gaap	Stockholders Equity Other StockholdersEquityOther	-3277000
CY2014	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	511102000
CY2013	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	451529000
CY2012	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	356232000
CY2014	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	701000
CY2013	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	1645000
CY2012	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	2575000
CY2014	us-gaap	Share Based Compensation ShareBasedCompensation	14744000
CY2013	us-gaap	Share Based Compensation ShareBasedCompensation	11525000
CY2012	us-gaap	Share Based Compensation ShareBasedCompensation	12398000
CY2014	wti	Cash Payments Receipts On Derivative Settlements CashPaymentsReceiptsOnDerivativeSettlements	5318000
CY2013	wti	Cash Payments Receipts On Derivative Settlements CashPaymentsReceiptsOnDerivativeSettlements	8589000
CY2012	wti	Cash Payments Receipts On Derivative Settlements CashPaymentsReceiptsOnDerivativeSettlements	7664000
CY2014	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-4760000
CY2013	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	30920000
CY2012	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	88109000
CY2014	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-29510000
CY2013	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-980000
CY2012	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-818000
CY2014	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	4255000
CY2013	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-34257000
CY2012	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	28823000
CY2014	us-gaap	Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable	3143000
CY2013	us-gaap	Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable	44328000
CY2012	us-gaap	Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable	-58011000
CY2014	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-15012000
CY2013	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	10044000
CY2012	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-7440000
CY2014	us-gaap	Asset Retirement Obligation Cash Paid To Settle AssetRetirementObligationCashPaidToSettle	74313000
CY2013	us-gaap	Asset Retirement Obligation Cash Paid To Settle AssetRetirementObligationCashPaidToSettle	81543000
CY2012	us-gaap	Asset Retirement Obligation Cash Paid To Settle AssetRetirementObligationCashPaidToSettle	112827000
CY2014	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	41483000
CY2013	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	26558000
CY2012	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	38952000
CY2014	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	511423000
CY2013	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	561358000
CY2012	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	385137000
CY2014	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	72234000
CY2013	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	82424000
CY2012	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	205550000
CY2014	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	554378000
CY2013	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	551954000
CY2012	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	479313000
CY2013	us-gaap	Proceeds From Sales Of Assets Investing Activities ProceedsFromSalesOfAssetsInvestingActivities	21008000
CY2012	us-gaap	Proceeds From Sales Of Assets Investing Activities ProceedsFromSalesOfAssetsInvestingActivities	30453000
CY2014	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	3340000
CY2013	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	1435000
CY2012	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	3031000
CY2014	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-629952000
CY2013	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-614805000
CY2012	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-657441000
CY2012	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt	318000000
CY2014	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	556000000
CY2013	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	563000000
CY2012	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	732000000
CY2014	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	399000000
CY2013	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	443000000
CY2012	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	679000000
CY2013	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	3892000
CY2012	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	8510000
CY2014	us-gaap	Payments Of Dividends PaymentsOfDividends	30260000
CY2013	us-gaap	Payments Of Dividends PaymentsOfDividends	58846000
CY2012	us-gaap	Payments Of Dividends PaymentsOfDividends	82832000
CY2013	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-260000
CY2012	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	379000
CY2014	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	126395000
CY2013	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	57002000
CY2012	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	280037000
CY2014	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	7866000
CY2013	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	3555000
CY2012	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	7733000
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12245000
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4512000
CY2014	us-gaap	Nature Of Operations NatureOfOperations	<div> <p style="margin-bottom:0pt;margin-top:6pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Operations </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">W&T Offshore, Inc. and subsidiaries, referred to herein as “W&T,” “we,”, “us,” “our,” or the “Company”, is an independent oil and natural gas producer focused primarily in the Gulf of Mexico and onshore Texas.  The Company is active in the exploration, development and acquisition of oil and natural gas properties.  Our interest in fields, leases, structures and equipment are primarily owned by the parent company, W&T Offshore, Inc. (on a stand-alone basis, the “Parent Company”) and our wholly-own subsidiary, W & T Energy VI, LLC (“Energy VI”).  </p></div>
CY2014	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Reclassifications </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Certain reclassifications have been made to prior periods’ financial statements to conform to the current presentation as follows:   <font style="font-style:italic;">Income tax – receivables</font> was combined with <font style="font-style:italic;">Joint interest and other – receivables</font> on the Consolidated Balance Sheets.  <font style="font-style:italic;">Loss on extinguishment of debt</font> was combined with <font style="font-style:italic;">Other income, net</font> on the Consolidated Statements of Operations.  <font style="font-style:italic;">Insurance proceeds</font> was combined with the changes in <font style="font-style:italic;">Joint interest and other receivables</font> and changes in <font style="font-style:italic;">Other – operating assets and liabilities</font> was combined with the changes in <font style="font-style:italic;">Accounts payable, accrued liabilities and other</font> on the Consolidated Statements of Cash Flows. </p></div>
CY2014	us-gaap	Use Of Estimates UseOfEstimates	<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“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></div>
CY2014	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div> <p style="margin-bottom:0pt;margin-top:8pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentration of Credit Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Our customers are primarily large integrated oil and natural gas companies and large financial institutions.  Our production is sold utilizing month-to-month contracts that are based on bid prices.  We also have receivables from joint interest owners on properties we operate and we may have the ability to withhold future revenue disbursements to recover amounts due us.  We attempt to minimize our credit risk exposure to purchasers of our oil and natural gas, joint interest owners, derivative counterparties and other third-party entities through formal credit policies, monitoring procedures, and letters of credit or guaranties when considered necessary.  We historically have not had any significant problems collecting our receivables except in rare circumstances.  Accordingly, we do not maintain an allowance for doubtful accounts of any material amounts. </p> <p style="margin-bottom:12pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following identifies customers from whom we derived 10% or more of receipts from sales of oil, NGLs and natural gas. </p> <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:90%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:55%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="10" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:44%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Year Ended December 31,</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:55%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Tahoma;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2014</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2013</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2012</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:55%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Customer</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:55%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Shell Trading (US) Co.</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">47</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">48</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">35</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:55%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ConocoPhillips <sup style="font-size:85%; vertical-align:top">(1)</sup></p></td> <td colspan="2" valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">16</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:95%;margin-left:5%;"> <tr> <td valign="top" style="width:3.33%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">**</p></td> <td valign="top" style="width:96.67%;"> <p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">less than 10% </p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:91%;margin-left:9%;"> <tr> <td valign="top" style="width:3.33%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:0pt;font-family:'Symbol';font-size:10pt;">·</p></td> <td valign="top" style="width:96.67%;"> <p style="margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ConocoPhillips split into two separate companies during 2012 and individually were approximately 8% each. </p></td></tr></table></div> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We believe that the loss of any of the customers above would not result in a material adverse effect on our ability to market future oil and natural gas production as replacement customers could be obtained in a relatively short period of time on terms, conditions and pricing substantially similar to those currently existing. </p></div>
CY2014	us-gaap	Derivatives Reporting Of Derivative Activity DerivativesReportingOfDerivativeActivity	<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Derivative Financial Instruments </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Our market risk exposure relates primarily to commodity prices and interest rates.  From time to time, we use various derivative instruments to manage our exposure to commodity price risk from sales of oil and natural gas and interest rate risk from floating interest rates on our credit facility.  Our derivative instruments currently consist of commodity swap contracts for oil.  We do not enter into derivative instruments for speculative trading purposes. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In accordance with GAAP, a derivative is recorded on the balance sheet as an asset or a liability at its fair value.  Changes in a derivative’s fair value are required to be recognized currently in earnings unless specific hedge accounting and documentation criteria are met at the time the derivative contract is entered into.  We have elected not to designate our commodity derivatives as hedging instruments, therefore all changes in fair value are recognized in earnings. </p></div>
CY2014Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	523585000
CY2014	wti	Proved Undeveloped Reserves Classification Period To Be Drilled ProvedUndevelopedReservesClassificationPeriodToBeDrilled	P5Y
CY2014	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0
CY2013	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0
CY2012	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0
CY2013	us-gaap	Gain Loss On Contract Termination GainLossOnContractTermination	9200000
CY2013	us-gaap	Other Expenses OtherExpenses	100000
CY2014	us-gaap	Insurance Recoveries InsuranceRecoveries	161200000
CY2013Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	354422000
CY2014	wti	Asset Retirement Obligations Liabilities Assumed Through Acquisition AssetRetirementObligationsLiabilitiesAssumedThroughAcquisition	21820000
CY2014	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	3258000
CY2014	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	64748000
CY2013	wti	Increase In Production IncreaseInProduction	1900
CY2014Q4	us-gaap	Gas Imbalance Asset Liability GasImbalanceAssetLiability	6400000
CY2013Q4	us-gaap	Gas Imbalance Asset Liability GasImbalanceAssetLiability	6400000
CY2014	wti	Percentage Of Discount From Proved Reserves PercentageOfDiscountFromProvedReserves	0.10
CY2014	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0
CY2013	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0
CY2014Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	390568000
CY2012Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	384053000
CY2013	wti	Asset Retirement Obligations Disposition Of Properties AssetRetirementObligationsDispositionOfProperties	19564000
CY2013	wti	Asset Retirement Obligations Liabilities Assumed Through Acquisition AssetRetirementObligationsLiabilitiesAssumedThroughAcquisition	4233000
CY2013	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	1745000
CY2013	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	44580000
CY2014Q4	us-gaap	Derivative Number Of Instruments Held DerivativeNumberOfInstrumentsHeld	0
CY2013Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	141000
CY2013Q4	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	141000
CY2013Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	9423000
CY2013Q4	us-gaap	Derivative Liability Fair Value Gross Asset DerivativeLiabilityFairValueGrossAsset	141000
CY2013Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	9282000
CY2014Q4	us-gaap	Unsecured Long Term Debt UnsecuredLongTermDebt	900000000
CY2013Q4	us-gaap	Unsecured Long Term Debt UnsecuredLongTermDebt	900000000
CY2014Q4	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	13057000
CY2013Q4	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	15421000
CY2014Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	447000000
CY2013Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	290000000
CY2014Q4	us-gaap	Long Term Debt LongTermDebt	1360057000
CY2013Q4	us-gaap	Long Term Debt LongTermDebt	1205421000
CY2014Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	0
CY2014Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	0
CY2014Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	0
CY2014Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	447000000
CY2014Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	900000000
CY2014	wti	Debt Covenant Restriction Related To Payment Of Dividends DebtCovenantRestrictionRelatedToPaymentOfDividends	60000000
CY2014	wti	Debt Covenant Restriction Related To Common Stock And Senior Note Repurchases DebtCovenantRestrictionRelatedToCommonStockAndSeniorNoteRepurchases	100000000
CY2014	wti	Debt Covenant Restriction Related To Percentage Of Hedging Contract DebtCovenantRestrictionRelatedToPercentageOfHedgingContract	0.75
CY2014Q4	wti	Base Of Senior Notes For Potential Additional Borrowing Capacity BaseOfSeniorNotesForPotentialAdditionalBorrowingCapacity	0.25
CY2014	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent Of Match DefinedContributionPlanEmployerMatchingContributionPercentOfMatch	1.00
CY2013	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent Of Match DefinedContributionPlanEmployerMatchingContributionPercentOfMatch	1.00
CY2012	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent Of Match DefinedContributionPlanEmployerMatchingContributionPercentOfMatch	1.00
CY2014	us-gaap	Line Of Credit Facility Interest Rate Description LineOfCreditFacilityInterestRateDescription	Borrowings under the revolving bank credit facility bear interest at the applicable London Interbank Offered Rate (“LIBOR”) plus a margin that varies from 1.75% to 2.75% depending on the level of total borrowings under the Credit Agreement, or an alternative base rate equal to the greater of (a) Prime Rate, (b) Federal Funds Rate plus 0.5%, and (c) LIBOR plus 1.0%, plus applicable margin ranging from 0.75% to 1.75%.
CY2014	wti	Leverage Ratio LeverageRatio	3.5
CY2014	wti	Current Ratio CurrentRatio	1.0
CY2014	wti	Share Based Compensation Performance Awards Grant Performance Period ShareBasedCompensationPerformanceAwardsGrantPerformancePeriod	P10Y
CY2014	wti	Annual Incentive Award Payment Period AnnualIncentiveAwardPaymentPeriod	P90D
CY2013	wti	Percentage Of Restricted Stock Units Granted During Period Not Subject To Performance Criteria PercentageOfRestrictedStockUnitsGrantedDuringPeriodNotSubjectToPerformanceCriteria	0.03
CY2012	wti	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Vesting Month And Year ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVestingMonthAndYear	2014-12
CY2014	wti	Cash Based Compensation Payment Period CashBasedCompensationPaymentPeriod	P75D
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	4790082
CY2014	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized	4000000
CY2014	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	5160000
CY2013	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	4034000
CY2012	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	4339000
CY2014	wti	Incentive Compensation Charged To Operating Income Loss IncentiveCompensationChargedToOperatingIncomeLoss	24979000
CY2013	wti	Incentive Compensation Charged To Operating Income Loss IncentiveCompensationChargedToOperatingIncomeLoss	23824000
CY2012	wti	Incentive Compensation Charged To Operating Income Loss IncentiveCompensationChargedToOperatingIncomeLoss	22743000
CY2014	us-gaap	Defined Contribution Plan Maximum Annual Contributions Per Employee Percent DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent	0.06
CY2013	us-gaap	Defined Contribution Plan Maximum Annual Contributions Per Employee Percent DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent	0.06
CY2012	us-gaap	Defined Contribution Plan Maximum Annual Contributions Per Employee Percent DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent	0.06
CY2014	us-gaap	Deferred Compensation Arrangement With Individual Requisite Service Period1 DeferredCompensationArrangementWithIndividualRequisiteServicePeriod1	P5Y
CY2014	us-gaap	Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage	0.20
CY2014	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	2400000
CY2013	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	2100000
CY2012	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	2100000
CY2014	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	301000
CY2013	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-2146000
CY2012	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-40562000
CY2014	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-5642000
CY2013	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	28033000
CY2012	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	41836000
CY2012	us-gaap	Income Tax Reconciliation Deductions Qualified Production Activities IncomeTaxReconciliationDeductionsQualifiedProductionActivities	-4256000
CY2014	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	263000
CY2013	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	343000
CY2012	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	750000
CY2014	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	920000
CY2013	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	398000
CY2012	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	705000
CY2014	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.350
CY2013	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.350
CY2012	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.350
CY2012	us-gaap	Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities	0.035
CY2014	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	-0.016
CY2013	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.004
CY2012	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.007
CY2014	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.057
CY2013	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.005
CY2012	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.006
CY2014	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.277
CY2013	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.359
CY2012	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.398
CY2014Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	518566000
CY2014	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	3200000
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	7500000
CY2013Q2	us-gaap	Revenues Revenues	235383000
CY2013Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	31965000
CY2013Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	622000
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	26618000
CY2013Q2	us-gaap	Net Income Loss NetIncomeLoss	22396000
CY2013Q3	us-gaap	Net Income Loss NetIncomeLoss	14194000
CY2013Q4	us-gaap	Net Income Loss NetIncomeLoss	-11886000
CY2013Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.35
CY2013Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.29
CY2013Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.19
CY2013Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.16
CY2013Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	422805000
CY2014Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	5019000
CY2013Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	3602000
CY2014Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	348259000
CY2013Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	248848000
CY2014Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	-175326000
CY2013Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	-177559000
CY2013	us-gaap	Income Taxes Paid IncomeTaxesPaid	3000000
CY2012	us-gaap	Income Taxes Paid IncomeTaxesPaid	16056000
CY2013Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	9482000
CY2014	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	3000000
CY2013	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	59126000
CY2013Q4	us-gaap	Income Tax Receivable IncomeTaxReceivable	3120000
CY2013	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	9482000
CY2014Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	9482000
CY2013Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	426407000
CY2014Q4	us-gaap	Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax	20486000
CY2013Q4	us-gaap	Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax	20486000
CY2014Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations	137597000
CY2013Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations	124863000
CY2014Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	180024000
CY2013Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	91472000
CY2014Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards State And Local DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal	5008000
CY2013Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards State And Local DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal	5028000
CY2013Q4	us-gaap	Deferred Tax Assets Derivative Instruments DeferredTaxAssetsDerivativeInstruments	3270000
CY2014Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	4255000
CY2013Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	4490000
CY2014Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses	3559000
CY2013Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses	3873000
CY2014Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	5042000
CY2013Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	3703000
CY2014Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	798000
CY2013Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	643000
CY2014	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	269000
CY2013	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	303000
CY2012	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	983000
CY2014	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-11930000
CY2013	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	51019000
CY2012	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	71001000
CY2014	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	75609000
CY2013	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	75239000
CY2012	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	74354000
CY2014	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	29000
CY2012	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1923000
CY2014	us-gaap	Interest Paid Net InterestPaidNet	77607000
CY2013	us-gaap	Interest Paid Net InterestPaidNet	73909000
CY2012	us-gaap	Interest Paid Net InterestPaidNet	46247000
CY2014	us-gaap	Dividends Share Based Compensation Cash DividendsShareBasedCompensationCash	431000
CY2013	us-gaap	Dividends Share Based Compensation Cash DividendsShareBasedCompensationCash	466000
CY2012	us-gaap	Dividends Share Based Compensation Cash DividendsShareBasedCompensationCash	1531000
CY2014	wti	Cash Tax Benefit Related To Share Based Compensation CashTaxBenefitRelatedToShareBasedCompensation	0
CY2013	wti	Cash Tax Benefit Related To Share Based Compensation CashTaxBenefitRelatedToShareBasedCompensation	0
CY2012	wti	Cash Tax Benefit Related To Share Based Compensation CashTaxBenefitRelatedToShareBasedCompensation	5962000
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	1500000
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	1600000
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	1600000
CY2014Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	1700000
CY2014Q4	wti	Claims Submitted Related To Removal Of Wreck Expenses ClaimsSubmittedRelatedToRemovalOfWreckExpenses	43000000
CY2010Q4	us-gaap	Gain Contingency Unrecorded Amount GainContingencyUnrecordedAmount	4700000
CY2014	wti	Settlements Of Legal Matters Fines And Penalties SettlementsOfLegalMattersFinesAndPenalties	400000
CY2013	wti	Settlements Of Legal Matters Fines And Penalties SettlementsOfLegalMattersFinesAndPenalties	500000
CY2012	wti	Settlements Of Legal Matters Fines And Penalties SettlementsOfLegalMattersFinesAndPenalties	9300000
CY2014Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	100000
CY2013Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	200000
CY2014Q1	us-gaap	Revenues Revenues	254516000
CY2014Q2	us-gaap	Revenues Revenues	262994000
CY2014Q3	us-gaap	Revenues Revenues	234521000
CY2013	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	2600000
CY2012	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	1700000
CY2014	us-gaap	Unrecorded Unconditional Purchase Obligation Purchases UnrecordedUnconditionalPurchaseObligationPurchases	64000000
CY2014Q4	us-gaap	Unrecorded Unconditional Purchase Obligation Balance On First Anniversary UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary	9000000
CY2014Q4	us-gaap	Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary	6000000
CY2014Q4	us-gaap	Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary	4000000
CY2014Q4	us-gaap	Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary	5000000
CY2014Q4	us-gaap	Unrecorded Unconditional Purchase Obligation Due After Five Years UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears	15000000
CY2014Q4	us-gaap	Unrecorded Unconditional Purchase Obligation Balance Sheet Amount UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount	103000000
CY2014	us-gaap	Lease Expiration Date1 LeaseExpirationDate1	2023-12-31
CY2014	wti	Expense Relating To Bonds ExpenseRelatingToBonds	4100000
CY2013	wti	Expense Relating To Bonds ExpenseRelatingToBonds	5000000
CY2012	wti	Expense Relating To Bonds ExpenseRelatingToBonds	2900000
CY2014Q4	us-gaap	Other Commitment Due In Next Twelve Months OtherCommitmentDueInNextTwelveMonths	5800000
CY2014Q4	us-gaap	Other Commitment Due In Second Year OtherCommitmentDueInSecondYear	5800000
CY2014Q4	us-gaap	Other Commitment Due In Third Year OtherCommitmentDueInThirdYear	5400000
CY2014Q4	us-gaap	Other Commitment Due In Fourth Year OtherCommitmentDueInFourthYear	5200000
CY2014Q4	us-gaap	Other Commitment Due After Fifth Year OtherCommitmentDueAfterFifthYear	32900000
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
CY2014Q4	us-gaap	Loss Contingency Range Of Possible Loss Minimum LossContingencyRangeOfPossibleLossMinimum	0
CY2014Q4	us-gaap	Loss Contingency Range Of Possible Loss Maximum LossContingencyRangeOfPossibleLossMaximum	32000000
CY2014Q4	us-gaap	Revenues Revenues	196677000
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	37225000
CY2014Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	34403000
CY2014Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	20983000
CY2014Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-30543000
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	11189000
CY2014Q2	us-gaap	Net Income Loss NetIncomeLoss	9837000
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	684000
CY2014Q4	us-gaap	Net Income Loss NetIncomeLoss	-33371000
CY2014Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.15
CY2014Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.13
CY2014Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.01
CY2014Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.44
CY2013Q1	us-gaap	Revenues Revenues	259222000
CY2013Q3	us-gaap	Revenues Revenues	244555000
CY2013Q4	us-gaap	Revenues Revenues	244928000
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	60321000
CY2013Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	53823000
CY2013Q4	wti	Increase In Production IncreaseInProduction	2600
CY2014Q4	us-gaap	Debt Instrument Interest Rate Stated Percentage DebtInstrumentInterestRateStatedPercentage	0.0850
CY2014Q4	wti	Percentage Of Subsidiary Owned By Parent PercentageOfSubsidiaryOwnedByParent	1.00
CY2014Q4	us-gaap	Capitalized Costs Mineral Interests In Proved Properties CapitalizedCostsMineralInterestsInProvedProperties	7924200000
CY2013Q4	us-gaap	Capitalized Costs Mineral Interests In Proved Properties CapitalizedCostsMineralInterestsInProvedProperties	7207100000
CY2012Q4	us-gaap	Capitalized Costs Mineral Interests In Proved Properties CapitalizedCostsMineralInterestsInProvedProperties	6551500000
CY2014Q4	us-gaap	Capitalized Costs Mineral Interests In Unproved Properties CapitalizedCostsMineralInterestsInUnprovedProperties	121500000
CY2013Q4	us-gaap	Capitalized Costs Mineral Interests In Unproved Properties CapitalizedCostsMineralInterestsInUnprovedProperties	132000000
CY2012Q4	us-gaap	Capitalized Costs Mineral Interests In Unproved Properties CapitalizedCostsMineralInterestsInUnprovedProperties	143000000
CY2014Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	5557600000
CY2013Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	5069200000
CY2012Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	4640800000
CY2014Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	2488100000
CY2013Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	2269900000
CY2012Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	2053700000
CY2014Q4	us-gaap	Acquisition Costs Cumulative AcquisitionCostsCumulative	75500000
CY2014Q4	wti	Capitalized Interest Of Unproved Properties Excluded From Amortization Cumulative CapitalizedInterestOfUnprovedPropertiesExcludedFromAmortizationCumulative	34300000
CY2014Q4	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	109800000
CY2014	us-gaap	Acquisition Costs AcquisitionCosts	2600000
CY2013	us-gaap	Acquisition Costs AcquisitionCosts	5700000
CY2012	us-gaap	Acquisition Costs AcquisitionCosts	7000000
CY2011	us-gaap	Acquisition Costs AcquisitionCosts	60200000
CY2014	wti	Capitalized Interest Of Unproved Properties Excluded From Amortization CapitalizedInterestOfUnprovedPropertiesExcludedFromAmortization	7500000
CY2013	wti	Capitalized Interest Of Unproved Properties Excluded From Amortization CapitalizedInterestOfUnprovedPropertiesExcludedFromAmortization	7300000
CY2012	wti	Capitalized Interest Of Unproved Properties Excluded From Amortization CapitalizedInterestOfUnprovedPropertiesExcludedFromAmortization	6400000
CY2011	wti	Capitalized Interest Of Unproved Properties Excluded From Amortization CapitalizedInterestOfUnprovedPropertiesExcludedFromAmortization	13100000
CY2014	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization	10100000
CY2013	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization	13000000
CY2012	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization	13400000
CY2011	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization	73300000
CY2014	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	111500000
CY2013	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	96900000
CY2012	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	239800000
CY2014	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	411100000
CY2013	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	215300000
CY2012	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	151300000
CY2014	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	198700000
CY2013	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	352900000
CY2012	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	363700000
CY2014	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	3100000
CY2013	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	26300000
CY2012	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	26500000
CY2014	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	724400000
CY2013	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	691400000
CY2012	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	781300000
CY2014	wti	Asset Retirement Obligation Period Increase Decrease Due To Acquisitions Incurred And Revisions AssetRetirementObligationPeriodIncreaseDecreaseDueToAcquisitionsIncurredAndRevisions	88000000
CY2013	wti	Asset Retirement Obligation Period Increase Decrease Due To Acquisitions Incurred And Revisions AssetRetirementObligationPeriodIncreaseDecreaseDueToAcquisitionsIncurredAndRevisions	50600000
CY2012	wti	Asset Retirement Obligation Period Increase Decrease Due To Acquisitions Incurred And Revisions AssetRetirementObligationPeriodIncreaseDecreaseDueToAcquisitionsIncurredAndRevisions	86900000
CY2014Q4	wti	Seismic Costs SeismicCosts	9000000
CY2013Q4	wti	Seismic Costs SeismicCosts	8900000
CY2012Q4	wti	Seismic Costs SeismicCosts	6200000
CY2014	wti	Geological And Geophysical Costs GeologicalAndGeophysicalCosts	7300000
CY2013	wti	Geological And Geophysical Costs GeologicalAndGeophysicalCosts	5900000
CY2012	wti	Geological And Geophysical Costs GeologicalAndGeophysicalCosts	6200000
CY2014	wti	Depreciation Depletion Amortization And Accretion Per Boe DepreciationDepletionAmortizationAndAccretionPerBoe	28.98
CY2013	wti	Depreciation Depletion Amortization And Accretion Per Boe DepreciationDepletionAmortizationAndAccretionPerBoe	25.10
CY2012	wti	Depreciation Depletion Amortization And Accretion Per Boe DepreciationDepletionAmortizationAndAccretionPerBoe	20.79
CY2014	wti	Percentage Of Non Operated Proved Developed Non Producing Reserves PercentageOfNonOperatedProvedDevelopedNonProducingReserves	0.11
CY2014Q4	us-gaap	Proved Undeveloped Reserve Boe1 ProvedUndevelopedReserveBOE1	1.4
CY2014	wti	Percentage Of Proved Undeveloped Reserves Expected To Be Developed PercentageOfProvedUndevelopedReservesExpectedToBeDeveloped	0.96
CY2014	wti	Wells Expected To Be Drilled Year WellsExpectedToBeDrilledYear	2020
CY2014	wti	Present Value Discounted Percentage PresentValueDiscountedPercentage	0.10
CY2014Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows	7258500000
CY2013Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows	7376700000
CY2012Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows	6888400000
CY2014Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts	2224500000
CY2013Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts	2142800000
CY2012Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts	1858300000
CY2014Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts	922000000
CY2012	us-gaap	Increase Decrease In Estimated Future Development Costs IncreaseDecreaseInEstimatedFutureDevelopmentCosts	-103300000
CY2014	us-gaap	Previously Estimated Development Costs Incurred During Period PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod	263100000
CY2013	us-gaap	Previously Estimated Development Costs Incurred During Period PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod	262100000
CY2012	us-gaap	Previously Estimated Development Costs Incurred During Period PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod	332900000
CY2014	us-gaap	Revisions Of Previous Quantity Estimates RevisionsOfPreviousQuantityEstimates	118600000
CY2013	us-gaap	Revisions Of Previous Quantity Estimates RevisionsOfPreviousQuantityEstimates	-91600000
CY2012	us-gaap	Revisions Of Previous Quantity Estimates RevisionsOfPreviousQuantityEstimates	-128100000
CY2014	us-gaap	Accretion Of Discount AccretionOfDiscount	180600000
CY2013	us-gaap	Accretion Of Discount AccretionOfDiscount	202200000
CY2013Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts	1001400000
CY2012Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts	655400000
CY2014Q4	wti	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Dismantlement And Abandonment Cost FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDismantlementAndAbandonmentCost	475400000
CY2013Q4	wti	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Dismantlement And Abandonment Cost FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDismantlementAndAbandonmentCost	441600000
CY2012Q4	wti	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Dismantlement And Abandonment Cost FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDismantlementAndAbandonmentCost	508000000
CY2014Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense	948400000
CY2013Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense	986900000
CY2012Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense	1002100000
CY2014Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows	2688200000
CY2013Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows	2804000000
CY2012Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows	2864600000
CY2014Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows	985400000
CY2013Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows	1129400000
CY2012Q4	us-gaap	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows	1018200000
CY2014Q4	us-gaap	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	1702800000
CY2013Q4	us-gaap	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	1674600000
CY2012Q4	us-gaap	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	1846400000
CY2011Q4	us-gaap	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	2006400000
CY2014	us-gaap	Sales And Transfers Of Oil And Gas Produced Net Of Production Costs SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts	650900000
CY2013	us-gaap	Sales And Transfers Of Oil And Gas Produced Net Of Production Costs SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts	686100000
CY2012	us-gaap	Sales And Transfers Of Oil And Gas Produced Net Of Production Costs SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts	620400000
CY2014	us-gaap	Net Increase Decrease In Sales And Transfer Prices And Production Costs NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts	-278600000
CY2013	us-gaap	Net Increase Decrease In Sales And Transfer Prices And Production Costs NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts	-65200000
CY2012	us-gaap	Net Increase Decrease In Sales And Transfer Prices And Production Costs NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts	-224300000
CY2014	us-gaap	Extensions Discoveries Additions And Improved Recovery Less Related Costs ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts	309600000
CY2013	us-gaap	Extensions Discoveries Additions And Improved Recovery Less Related Costs ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts	393800000
CY2012	us-gaap	Extensions Discoveries Additions And Improved Recovery Less Related Costs ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts	181900000
CY2014	us-gaap	Increase Decrease In Estimated Future Development Costs IncreaseDecreaseInEstimatedFutureDevelopmentCosts	-56400000
CY2013	us-gaap	Increase Decrease In Estimated Future Development Costs IncreaseDecreaseInEstimatedFutureDevelopmentCosts	-91100000
CY2012	us-gaap	Accretion Of Discount AccretionOfDiscount	231100000
CY2014	us-gaap	Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves	-11400000
CY2013	us-gaap	Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves	56600000
CY2012	us-gaap	Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves	99700000
CY2014	us-gaap	Increase Due To Purchases Of Minerals In Place IncreaseDueToPurchasesOfMineralsInPlace	86700000
CY2013	us-gaap	Increase Due To Purchases Of Minerals In Place IncreaseDueToPurchasesOfMineralsInPlace	79600000
CY2012	us-gaap	Increase Due To Purchases Of Minerals In Place IncreaseDueToPurchasesOfMineralsInPlace	270200000
CY2013	us-gaap	Decrease Due To Sales Of Minerals In Place DecreaseDueToSalesOfMineralsInPlace	53100000
CY2012	us-gaap	Decrease Due To Sales Of Minerals In Place DecreaseDueToSalesOfMineralsInPlace	16100000
CY2014	us-gaap	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther	66900000
CY2013	us-gaap	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther	-179000000
CY2012	us-gaap	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther	-183600000
CY2014	us-gaap	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease	28200000
CY2013	us-gaap	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease	-171800000
CY2012	us-gaap	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease	-160000000

Files In Submission

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wti-ex991_20141231528.htm	Edgar Link	pending

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$WTI
W&T OFFSHORE INC Stock $wti

2014 Form 10-K Financial Statement

#000156459015001376 Filed on March 06, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WTI W&T OFFSHORE INC Stock $wti

2014 Form 10-K Financial Statement

#000156459015001376 Filed on March 06, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WTI
W&T OFFSHORE INC Stock $wti