W&T Offshore, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details)

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 23,666	$ 15,800	$ 12,245	$ 4,512
Receivables:
Oil and natural gas sales	67,242us-gaap_AccountsReceivableNetCurrent	96,752us-gaap_AccountsReceivableNetCurrent
Joint interest and other	43,645	31,104
Total receivables	110,887us-gaap_ReceivablesNetCurrent	127,856us-gaap_ReceivablesNetCurrent
Deferred income taxes	11,662	584
Prepaid expenses and other assets	36,347	29,362
Total current assets	182,562us-gaap_AssetsCurrent	173,602us-gaap_AssetsCurrent
Property and equipment - at cost:
Oil and natural gas properties and equipment	8,045,666	7,339,097
Furniture, fixtures and other	23,269us-gaap_FurnitureAndFixturesGross	21,431us-gaap_FurnitureAndFixturesGross
Total property and equipment	8,068,935us-gaap_PropertyPlantAndEquipmentGross	7,360,528us-gaap_PropertyPlantAndEquipmentGross
Less accumulated depreciation, depletion and amortization	5,575,078	5,084,704
Net property and equipment	2,493,857us-gaap_PropertyPlantAndEquipmentNet	2,275,824us-gaap_PropertyPlantAndEquipmentNet
Restricted deposits for asset retirement obligations	15,444	37,421
Other assets	17,244us-gaap_OtherAssetsNoncurrent	20,455us-gaap_OtherAssetsNoncurrent
Total assets	2,709,107us-gaap_Assets	2,507,302us-gaap_Assets
Current liabilities:
Accounts payable	194,109us-gaap_AccountsPayableCurrent	145,212us-gaap_AccountsPayableCurrent
Undistributed oil and natural gas proceeds	37,009us-gaap_OilAndGasSalesPayableCurrent	42,107us-gaap_OilAndGasSalesPayableCurrent
Asset retirement obligations	36,003	77,785
Accrued liabilities	17,377us-gaap_AccruedLiabilitiesCurrent	28,000us-gaap_AccruedLiabilitiesCurrent
Total current liabilities	284,498us-gaap_LiabilitiesCurrent	293,104us-gaap_LiabilitiesCurrent
Long-term debt, less current maturities	1,360,057us-gaap_LongTermDebtNoncurrent	1,205,421us-gaap_LongTermDebtNoncurrent
Asset retirement obligations, less current portion	354,565	276,637
Deferred income taxes	186,988	178,142
Other liabilities	13,691us-gaap_OtherLiabilitiesNoncurrent	13,388us-gaap_OtherLiabilitiesNoncurrent
Shareholders' equity:
Common stock	1us-gaap_CommonStockValue	1us-gaap_CommonStockValue
Additional paid-in capital	414,580	403,564
Retained earnings	118,894	161,212
Treasury stock, at cost	(24,167)us-gaap_TreasuryStockValue	(24,167)us-gaap_TreasuryStockValue
Total shareholders' equity	509,308us-gaap_StockholdersEquity	540,610us-gaap_StockholdersEquity	541,187us-gaap_StockholdersEquity	544,574us-gaap_StockholdersEquity
Total liabilities and shareholders' equity	2,709,107	2,507,302
Parent Company
Current assets:
Cash and cash equivalents	23,666	15,800	12,245	4,512
Receivables:
Oil and natural gas sales	41,820	61,373
Joint interest and other	142,885	123,595
Total receivables	184,705	184,968
Deferred income taxes	9,797	584
Prepaid expenses and other assets	28,728	23,090
Total current assets	246,896	224,442
Property and equipment - at cost:
Oil and natural gas properties and equipment	6,038,915	5,667,389
Furniture, fixtures and other	23,269	21,431
Total property and equipment	6,062,184	5,688,820
Less accumulated depreciation, depletion and amortization	4,442,899	4,166,359
Net property and equipment	1,619,285	1,522,461
Restricted deposits for asset retirement obligations	15,444	37,421
Other assets	974,049	951,203
Total assets	2,855,674	2,735,527
Current liabilities:
Accounts payable	188,654	144,492
Undistributed oil and natural gas proceeds	36,130	41,735
Asset retirement obligations	30,711	65,329
Accrued liabilities	17,437	28,000
Total current liabilities	272,932	279,556
Long-term debt, less current maturities	1,360,057	1,205,421
Asset retirement obligations, less current portion	235,876	189,507
Deferred income taxes	59,616	79,424
Other liabilities	417,885	441,009
Shareholders' equity:
Common stock	1	1
Additional paid-in capital	414,580	403,564
Retained earnings	118,894	161,212
Treasury stock, at cost	(24,167)	(24,167)
Total shareholders' equity	509,308	540,610
Total liabilities and shareholders' equity	2,855,674	2,735,527
Guarantor Subsidiaries
Receivables:
Oil and natural gas sales	25,422	35,379
Total receivables	25,422	35,379
Deferred income taxes	1,865
Prepaid expenses and other assets	7,619	6,272
Total current assets	34,906	41,651
Property and equipment - at cost:
Oil and natural gas properties and equipment	2,006,751	1,671,708
Total property and equipment	2,006,751	1,671,708
Less accumulated depreciation, depletion and amortization	1,132,179	918,345
Net property and equipment	874,572	753,363
Other assets	349,912	479,820
Total assets	1,259,390	1,274,834
Current liabilities:
Accounts payable	5,455	720
Undistributed oil and natural gas proceeds	879	372
Asset retirement obligations	5,292	12,456
Accrued liabilities	99,180	92,491
Total current liabilities	110,806	106,039
Asset retirement obligations, less current portion	118,689	87,130
Deferred income taxes	127,372	98,718
Shareholders' equity:
Additional paid-in capital	703,440	784,104
Retained earnings	199,083	198,843
Total shareholders' equity	902,523	982,947
Total liabilities and shareholders' equity	1,259,390	1,274,834
Eliminations
Receivables:
Joint interest and other	(99,240)	(92,491)
Total receivables	(99,240)	(92,491)
Total current assets	(99,240)	(92,491)
Property and equipment - at cost:
Other assets	(1,306,717)	(1,410,568)
Total assets	(1,405,957)	(1,503,059)
Current liabilities:
Accrued liabilities	(99,240)	(92,491)
Total current liabilities	(99,240)	(92,491)
Other liabilities	(404,194)	(427,621)
Shareholders' equity:
Additional paid-in capital	(703,440)	(784,104)
Retained earnings	(199,083)	(198,843)
Total shareholders' equity	(902,523)	(982,947)
Total liabilities and shareholders' equity	$ (1,405,957)	$ (1,503,059)