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 Statement of Cash Flows (Details)

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Operating activities:
Net income (loss)	$ (255,095)us-gaap_NetIncomeLoss	$ 11,189us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	125,467	123,306
Ceiling test write-down of oil and natural gas properties	260,390us-gaap_ImpairmentOfOilAndGasProperties	0us-gaap_ImpairmentOfOilAndGasProperties
Amortization of debt issuance costs and premium	156	187
Share-based compensation	2,816us-gaap_ShareBasedCompensation	3,758us-gaap_ShareBasedCompensation
Derivative loss	0	7,492
Cash payments on derivative settlements		(4,670)
Deferred income taxes	(103,574)us-gaap_DeferredIncomeTaxExpenseBenefit	6,645us-gaap_DeferredIncomeTaxExpenseBenefit
Changes in operating assets and liabilities:
Oil and natural gas receivables	21,121	2,815
Joint interest and other receivables	14,533	2,286
Income taxes	(325)	(35)
Prepaid expenses and other assets	17,246	2,709
Asset retirement obligation settlements	(19,554)	(16,342)
Accounts payable, accrued liabilities and other	(62,439)	(20,850)
Net cash provided by operating activities	742	118,490
Investing activities:
Investment in oil and natural gas properties and equipment	(82,765)	(95,067)
Purchases of furniture, fixtures and other	(226)	(260)
Net cash used in investing activities	(82,991)	(95,327)
Financing activities:
Borrowings of long-term debt - revolving bank credit facility	82,000	92,000
Repayments of long-term debt - revolving bank credit facility	(15,000)	(103,000)
Dividends to shareholders		(7,563)us-gaap_PaymentsOfDividends
Other	(50)	(65)
Net cash provided by (used in) financing activities	66,950	(18,628)
Increase (decrease) in cash and cash equivalents	(15,299)	4,535
Cash and cash equivalents, beginning of period	23,666	15,800
Cash and cash equivalents, end of period	8,367	20,335
Parent Company
Operating activities:
Net income (loss)	(255,095)	11,189
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	75,152	62,431
Ceiling test write-down of oil and natural gas properties	190,695
Amortization of debt issuance costs and premium	156	187
Share-based compensation	2,816	3,758
Derivative loss		7,492
Cash payments on derivative settlements		(4,670)
Deferred income taxes	(83,649)	15,335
Earnings (loss) of affiliates	65,627	(12,451)
Changes in operating assets and liabilities:
Oil and natural gas receivables	14,636	4,020
Joint interest and other receivables	14,533	2,286
Income taxes	15,287	(15,321)
Prepaid expenses and other assets	7,924	(34,910)
Asset retirement obligation settlements	(19,122)	(8,878)
Accounts payable, accrued liabilities and other	(92,436)	69,230
Net cash provided by operating activities	(63,476)	99,698
Investing activities:
Investment in oil and natural gas properties and equipment	(18,750)	(71,636)
Investment in subsidiary	203	(4,639)
Purchases of furniture, fixtures and other	(226)	(260)
Net cash used in investing activities	(18,773)	(76,535)
Financing activities:
Borrowings of long-term debt - revolving bank credit facility	82,000	92,000
Repayments of long-term debt - revolving bank credit facility	(15,000)	(103,000)
Dividends to shareholders		(7,563)
Other	(50)	(65)
Net cash provided by (used in) financing activities	66,950	(18,628)
Increase (decrease) in cash and cash equivalents	(15,299)	4,535
Cash and cash equivalents, beginning of period	23,666	15,800
Cash and cash equivalents, end of period	8,367	20,335
Guarantor Subsidiaries
Operating activities:
Net income (loss)	(65,627)	12,451
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	50,315	60,875
Ceiling test write-down of oil and natural gas properties	69,695
Deferred income taxes	(19,925)	(8,690)
Changes in operating assets and liabilities:
Oil and natural gas receivables	6,485	(1,205)
Income taxes	(15,612)	15,286
Prepaid expenses and other assets	38,985	(53,598)
Asset retirement obligation settlements	(432)	(7,464)
Accounts payable, accrued liabilities and other	334	1,137
Net cash provided by operating activities	64,218	18,792
Investing activities:
Investment in oil and natural gas properties and equipment	(64,015)	(23,431)
Net cash used in investing activities	(64,015)	(23,431)
Financing activities:
Investment from parent	(203)	4,639
Net cash provided by (used in) financing activities	(203)	4,639
Eliminations
Operating activities:
Net income (loss)	65,627	(12,451)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Earnings (loss) of affiliates	(65,627)	12,451
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(29,663)	91,217
Accounts payable, accrued liabilities and other	29,663	(91,217)
Investing activities:
Investment in subsidiary	(203)	4,639
Net cash used in investing activities	(203)	4,639
Financing activities:
Investment from parent	203	(4,639)
Net cash provided by (used in) financing activities	$ 203	$ (4,639)