W&T Offshore, Inc. (NYSE:WTI) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET

Company Participants

Al Petrie – Investor Relations Coordinator

Tracy Krohn – Chairman and Chief Executive Officer

Sameer Parasnis – Executive Vice President and Chief Financial Officer

Conference Call Participants

John White – ROTH

Nate Pendleton – Stifel

Jeff Robertson – Water Tower Research

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the W&T Offshore Second Quarter 2023 Conference Call. During today’s call, all parties will be in a listen-only mode. Following the company’s prepared remarks, the call will be open for questions. [Operator Instructions] This conference is being recorded, and a replay will be made available on the company's website following the call.

I would now like to turn the conference over to Al Petrie, Investor Relations Coordinator.

Al Petrie

Thank you, Joe. And on behalf of the management team, I would like to welcome all of you to today's conference call to review W&T Offshore's second quarter 2023 financial and operational results.

Before we begin, I would like to remind you that our comments may include forward-looking statements. It should be noted that a variety of factors could cause W&T's actual results to differ materially from the anticipated results or expectations expressed in these forward-looking statements.

Today's call may also contain certain non-GAAP financial measures. Please refer to the earnings release that we issued yesterday for disclosures on forward-looking statements and the reconciliations of non-GAAP measures.

With that, I'd like to turn the call over to Tracy Krohn, our Chairman and CEO.

Tracy Krohn

Thanks, Al. Good day, everyone, and thanks for joining us this morning. With me today are William Williford, our Executive Vice President and Chief Operating Officer; Sameer Parasnis, our new Executive Vice President and Chief Financial Officer; and Trey Hartman, our Chief Accounting Officer, will be available to answer questions later.

But before I get into the operational and financial results, I would like to welcome Sameer Parasnis, who joined us as our new CFO in earthy July. We've been working with Sameer for years. He was a trusted adviser at Stifel and instrumental in helping W&T complete some key strategic initiatives. Some of these included our drilling joint venture and corporate debt refinancing in 2018, term loan financing in 2021 and the at-the-market equity offering in 2022.

Needless to say, Sameer already has a strong working relationship with our senior leadership team and his extensive capital markets and financial experience will be valuable to W&T moving forward.