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SES - W&T Offshore Highlights - March 19, 2020
W&T Offshore will spend $15-25 million in 2020, rather than the prior guidance of $50-100 million. Planned asset retirement expenditures will be trimmed to $10-20 million from $15-25 million. Due to its portfolio of conventional, low-decline assets, production guidance is unchanged at 47,100-52,100 boe/d. At $25/bbl and $1.50/MMbtu, W&T would be cash flow positive for......
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