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

Quarterly report pursuant to Section 13 or 15(d)

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details)

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 8,367	$ 23,666	$ 20,335	$ 15,800
Receivables:
Oil and natural gas sales	46,121us-gaap_AccountsReceivableNetCurrent	67,242us-gaap_AccountsReceivableNetCurrent
Joint interest and other	29,300	43,645
Total receivables	75,421us-gaap_ReceivablesNetCurrent	110,887us-gaap_ReceivablesNetCurrent
Deferred income taxes	3,196	11,662
Prepaid expenses and other assets	18,842	36,347
Total current assets	105,826us-gaap_AssetsCurrent	182,562us-gaap_AssetsCurrent
Property and equipment - at cost:
Oil and natural gas properties and equipment	8,133,244	8,045,666
Furniture, fixtures and other	23,495us-gaap_FurnitureAndFixturesGross	23,269us-gaap_FurnitureAndFixturesGross
Total property and equipment	8,156,739us-gaap_PropertyPlantAndEquipmentGross	8,068,935us-gaap_PropertyPlantAndEquipmentGross
Less accumulated depreciation, depletion and amortization	5,955,539	5,575,078
Net property and equipment	2,201,200us-gaap_PropertyPlantAndEquipmentNet	2,493,857us-gaap_PropertyPlantAndEquipmentNet
Restricted deposits for asset retirement obligations	15,501	15,444
Other assets	16,534us-gaap_OtherAssetsNoncurrent	17,244us-gaap_OtherAssetsNoncurrent
Total assets	2,339,061us-gaap_Assets	2,709,107us-gaap_Assets
Current liabilities:
Accounts payable	128,277us-gaap_AccountsPayableCurrent	194,109us-gaap_AccountsPayableCurrent
Undistributed oil and natural gas proceeds	29,171us-gaap_OilAndGasSalesPayableCurrent	37,009us-gaap_OilAndGasSalesPayableCurrent
Asset retirement obligations	16,500	36,003
Accrued liabilities	28,220us-gaap_AccruedLiabilitiesCurrent	17,377us-gaap_AccruedLiabilitiesCurrent
Total current liabilities	202,168us-gaap_LiabilitiesCurrent	284,498us-gaap_LiabilitiesCurrent
Long-term debt, less current maturities	1,426,437us-gaap_LongTermDebtNoncurrent	1,360,057us-gaap_LongTermDebtNoncurrent
Asset retirement obligations, less current portion	364,723	354,565
Deferred income taxes	74,875	186,988
Other liabilities	13,900us-gaap_OtherLiabilitiesNoncurrent	13,691us-gaap_OtherLiabilitiesNoncurrent
Shareholders’ equity:
Common stock	1us-gaap_CommonStockValue	1us-gaap_CommonStockValue
Additional paid-in capital	417,325	414,580
Retained earnings (accumulated deficit)	(136,201)	118,894
Treasury stock, at cost	(24,167)us-gaap_TreasuryStockValue	(24,167)us-gaap_TreasuryStockValue
Total shareholders’ equity	256,958us-gaap_StockholdersEquity	509,308us-gaap_StockholdersEquity
Total liabilities and shareholders’ equity	2,339,061	2,709,107
Parent Company
Current assets:
Cash and cash equivalents	8,367	23,666	20,335	15,800
Receivables:
Oil and natural gas sales	27,184	41,820
Joint interest and other	115,017	142,885
Total receivables	142,201	184,705
Deferred income taxes	34,656	9,797
Prepaid expenses and other assets	14,400	28,728
Total current assets	199,624	246,896
Property and equipment - at cost:
Oil and natural gas properties and equipment	6,058,159	6,038,915
Furniture, fixtures and other	23,495	23,269
Total property and equipment	6,081,654	6,062,184
Less accumulated depreciation, depletion and amortization	4,705,609	4,442,899
Net property and equipment	1,376,045	1,619,285
Restricted deposits for asset retirement obligations	15,501	15,444
Other assets	911,505	974,049
Total assets	2,502,675	2,855,674
Current liabilities:
Accounts payable	122,627	188,654
Undistributed oil and natural gas proceeds	28,152	36,130
Asset retirement obligations	10,153	30,711
Accrued liabilities	28,592	17,437
Total current liabilities	189,524	272,932
Long-term debt, less current maturities	1,426,437	1,360,057
Asset retirement obligations, less current portion	240,943	235,876
Deferred income taxes	382	59,616
Other liabilities	388,431	417,885
Shareholders’ equity:
Common stock	1	1
Additional paid-in capital	417,325	414,580
Retained earnings (accumulated deficit)	(136,201)	118,894
Treasury stock, at cost	(24,167)	(24,167)
Total shareholders’ equity	256,958	509,308
Total liabilities and shareholders’ equity	2,502,675	2,855,674
Guarantor Subsidiaries
Receivables:
Oil and natural gas sales	18,937	25,422
Total receivables	18,937	25,422
Deferred income taxes	1,865	1,865
Prepaid expenses and other assets	4,442	7,619
Total current assets	25,244	34,906
Property and equipment - at cost:
Oil and natural gas properties and equipment	2,075,085	2,006,751
Total property and equipment	2,075,085	2,006,751
Less accumulated depreciation, depletion and amortization	1,249,930	1,132,179
Net property and equipment	825,155	874,572
Other assets	316,253	349,912
Total assets	1,166,652	1,259,390
Current liabilities:
Accounts payable	5,650	5,455
Undistributed oil and natural gas proceeds	1,019	879
Asset retirement obligations	6,347	5,292
Accrued liabilities	85,345	99,180
Total current liabilities	98,361	110,806
Asset retirement obligations, less current portion	123,780	118,689
Deferred income taxes	107,818	127,372
Shareholders’ equity:
Additional paid-in capital	703,237	703,440
Retained earnings (accumulated deficit)	133,456	199,083
Total shareholders’ equity	836,693	902,523
Total liabilities and shareholders’ equity	1,166,652	1,259,390
Eliminations
Receivables:
Joint interest and other	(85,717)	(99,240)
Total receivables	(85,717)	(99,240)
Deferred income taxes	(33,325)
Total current assets	(119,042)	(99,240)
Property and equipment - at cost:
Other assets	(1,211,224)	(1,306,717)
Total assets	(1,330,266)	(1,405,957)
Current liabilities:
Accrued liabilities	(85,717)	(99,240)
Total current liabilities	(85,717)	(99,240)
Deferred income taxes	(33,325)
Other liabilities	(374,531)	(404,194)
Shareholders’ equity:
Additional paid-in capital	(703,237)	(703,440)
Retained earnings (accumulated deficit)	(133,456)	(199,083)
Total shareholders’ equity	(836,693)	(902,523)
Total liabilities and shareholders’ equity	$ (1,330,266)	$ (1,405,957)