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Hot Growth Special Report 2006 >

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W&T Offshore (WTI)

W&T Offshore was off to the races in its first year as a public company. In fiscal 2005, it reported a 37% increase in profits -- solid considering that some production was deferred in the wake of hurricanes Rita and Katrina. But W&T stood out for its exploration record, successfully drilling 17 of 22 exploration wells and adding some 5% to its petroleum reserves. CEO Tracy W. Krohn, who founded the company in 1983, also managed to flex W&T's new financial muscle. He invested in several new Gulf of Mexico wells for future drilling, including some promising Kerr-McGee properties. Investors don't seem worried that the company is totally dependent on its projects in the storm-vulnerable Gulf. Based on W&T's exploration record and the high price of oil, they have pushed the stock to $40, more than double its initial public offering price.

Company Info

2005 Rank

7

Market Value*
($ Millions)

2,816.7

Sales*
($ Millions)

618.2

Sales Growth
(3-yr. avg. annual)

42.5 %

Profits*
($ Millions)

205.6

Profit Growth
(3-yr. avg. annual)

298.4 %

Return on Inv. Capital (3-yr.)

30.7 %

Share Price
12-Mo. Hi/Lo

47/19

Share Price
As of 4/28/06

43

Return on Equity

34.3 %

P/E Ratio

14

No. of Employees

149

Industry Oil & Gas Exploration & Production
CURRENT
MARKET INFO

WTI >

COMPANY WEB SITE >
Location Houston
Phone 713 626-8525
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

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Company Snapshot

W&T Offshore engages in the acquisition, exploitation, and exploration of oil and natural gas, primarily in the Gulf of Mexico. As of Dec. 31, 2005, the company had working interests in 261 offshore structures, and in leases covering 932,000 acres across the outer continental shelf off the coast of Louisiana, Texas, Mississippi, and Alabama. As of the above date, W&T Offshore had proved reserves of 491.5 bcfe of oil and natural gas. The company was founded by Tracy Krohn and Jerome Freel in 1983. W&T Offshore is based in Houston.


Data provided by Capital IQ
 
Tracy W. Krohn

Tracy W. Krohn, 51

Chairman, Chief Executive Officer and President


Total Compensation*

$ 1,188,471

Total Options Value*

$ N/A

* Fiscal Year 2005

DEGREES HELD
Louisiana State University - BS


Executive Bio

Tracy Krohn serves as a director of W&T Offshore and has been its chairman since 2004, chief executive and president since 1983, and treasurer since 1997. Krohn founded W&T Offshore in 1983. He has been actively involved in the oil and gas business since graduating with a BS in petroleum engineering from Louisiana State University in 1978. He began his career as a petroleum engineer and offshore drilling supervisor with Mobil Oil. Prior to founding W&T in 1983, Krohn served as senior engineer with Taylor Energy. From 1996 to 1997, Krohn also served as chairman and CEO of Aviara Energy in Houston.


Management Team

Key Executives

Tracy W. Krohn; Clifford J. Williams; Jamie L. Vazquez; Stephen L. Schroeder; Joseph P. Slattery; W. Reid Lea; Daniel P. Huffman; Kenneth F. Fagan; Jeffrey M. Durrant; Jerome F. Freel

Board Directors

Tracy W. Krohn; James L. Luikart; Stuart B. Katz; Jerome F. Freel; Virginia Boulet; S. James Nelson


Executive Data provided by Capital IQ