Derek Woodfield's questions to W&T OFFSHORE (WTI) leadership • Q1 2025
Question
Derek Woodfield of Stifel asked about the financial impact of recent regulatory changes on financial assurance, the expected production cadence for 2025, and the potential for further noncore asset sales.
Answer
Chairman and CEO Tracy Krohn explained that the Department of Interior's new stance will cause a 'dramatic reduction' in financial assurance costs. He projected a production ramp-up through Q2 and Q3, driven by the newly online West Delta 73 and Main Pass 108 fields and other workover projects. Krohn also confirmed other royalty interests could be sold at the right price, though it is not a primary focus.