debt_leverage_profile
-1.80x Total Debt / Equity (Negative equity)
High
SEC-XBRL
interest_rate_sensitivity
Moderate-high; ~$560M debt at mixed fixed/floating rates; 200bps rise adds ~$8-11M annual interest expense, pressuring thin free cash flow
Inferred
Agent_Inference
geopolitical_supply_exposure
High intensity; OPEC+ supply decisions and Russia-Ukraine conflict drive price volatility.
Medium
GICS-commodity-overlay-v1
supply_chain_dependency
Gulf of Mexico offshore service vessel availability; single-source deepwater drilling rig contractors concentrated among 3-4 providers
Inferred
Agent_Inference
international_expansion_readiness
null
Inferred
Agent_Inference
geographic_footprint
Virtually zero sovereign currency devaluation exposure; 100% revenues denominated in USD from US Gulf of Mexico operations
Inferred
Agent_Inference
commodity_exposure_profile
High intensity; commodities: Crude Oil, Natural Gas, Coal, Refined Petroleum Products, Uranium, Steel (equipment); geopolitical: OPEC+ supply decisions and Russia-Ukraine conflict drive price volatility.
Medium
GICS-commodity-overlay-v1
vendor_lock_dependency_score
High; offshore drilling contractors (Valaris, Diamond Offshore) represent non-substitutable critical input; switching takes 6-18 months amid tight rig market
Inferred
Agent_Inference
business_model_type_primary
Minimal cloud dependency; operations rely on SCADA, reservoir modeling software; cloud termination would cause workflow disruption but not operational shutdown
Inferred
Agent_Inference
business_model_type_secondary
Legacy on-premise and industry-specific software (Petrel, Eclipse) dominate; cloud disruption manageable within 60-90 days via alternative platforms
Inferred
Agent_Inference
switching_cost_profile
Low API coupling risk; uses standard oilfield software ecosystems; no proprietary API dependencies that create meaningful switching barriers
Inferred
Agent_Inference
howey_test_risk_index
Low Howey risk; commodity extraction and sale of oil/gas is clearly not a securities offering; revenue model is straightforward commodity sales
Inferred
Agent_Inference
regulatory_burden_tier
High
Medium
GICS-regulatory-overlay-v1
data_sovereignty_risk
Minimal; operates solely in US waters with US customers; GDPR exposure near zero; CCPA exposure limited to employee data only
Inferred
Agent_Inference
antitrust_exposure_flag
Low; W&T holds ~2% Gulf of Mexico shelf production share; no market dominance; price-taker in global commodity markets
Inferred
Agent_Inference
regulatory_exposure_profile
High burden; regimes: EPA, FERC, DOE, CFTC, OSHA, SEC; Accelerating emissions mandates and methane rules threaten capex economics.
Medium
GICS-regulatory-overlay-v1
revenue_model_type
~100% transactional; oil and gas spot and short-term contract sales; no meaningful recurring subscription or long-term fixed-price offtake contracts
Inferred
Agent_Inference
monetization_vector
Commodity price-indexed volumetric sales; revenue = production volumes × realized oil/gas prices; hedging covers ~20-30% of volumes periodically
Inferred
Agent_Inference
pricing_architecture
Pure commodity pricing; WTI/Henry Hub benchmark-linked with basis differentials; no pricing power; stress scenario at $50 WTI pressures cash flow break-even
Inferred
Agent_Inference
pricing_power_rating
Zero independent pricing power; price-taker in global commodity markets; realized prices solely determined by benchmark indices minus transport differentials
Inferred
Agent_Inference
target_gross_margin_bracket
Lease operating expense ~$12-16/BOE; at $70 WTI gross margin ~55-65%; highly volatile with commodity price swings
Inferred
Agent_Inference
churn_vulnerability_index
No free-rider problem; physical commodity delivery model; revenue fully captured at point of sale with no leakage mechanism
Inferred
Agent_Inference
headcount_cost_structure
Sublinear; ~280 employees; production growth achieved via capital investment not proportional headcount; doubling output requires ~20-30% headcount increase
Inferred
Agent_Inference
marginal_cost_of_growth
Capital-intensive not labor-intensive; incremental BOE growth requires drilling/workover capex of $15-25M per well; marginal cost driven by geology not headcount
Inferred
Agent_Inference
franchise_compliance_risk
null
Inferred
Agent_Inference
customer_acquisition_metric
At 10x scale, midstream takeaway capacity and Gulf infrastructure constraints become binding; CAC irrelevant; bottleneck is subsurface inventory and capital
Inferred
Agent_Inference
network_effect_present
No network effects present; oil/gas production is a standalone commodity extraction business with no user-base interdependencies
Inferred
Agent_Inference
asset_efficiency_ratio
-10.4% Return on Assets (Negative equity)
High
SEC-XBRL
recession_resistance_tier
Low recession resistance; oil demand drops 1-3M BPD in recessions; WTI fell to $20 in 2020; W&T revenue highly correlated with economic cycles
Inferred
Agent_Inference
customer_segment_primary
Oil majors and large refiners/traders (Shell, BP, commodity trading firms) purchasing crude; top 3 purchasers likely represent 60-70% of revenue
Inferred
Agent_Inference
customer_segment_secondary
Natural gas pipeline operators and LDCs purchasing offshore Gulf gas production; secondary segment ~25-30% of revenue by value
Inferred
Agent_Inference
characteristic_occupations
["11-0000 Management Occupations", "13-0000 Business and Financial Operations Occupations", "15-0000 Computer and Mathematical Occupations", "17-0000 Architecture and Engineering Occupations", "19-0000 Life, Physical, and Social Science Occupations", "23-0000 Legal Occupations", "41-0000 Sales and Related Occupations", "43-0000 Office and Administrative Support Occupations", "47-0000 Construction and Extraction Occupations", "49-0000 Installation, Maintenance, and Repair Occupations", "53-0000 Transportation and Material Moving Occupations"]
High
SOC-2018/GICS-overlay
agent_automatable_labor_share
0.33 (HIL — ~33% of characteristic roles agent-automatable)
Medium
SOC-2018 + agentic-exposure-v1
capital_expenditure_profile
3.3% CapEx / Revenue (Low-CapEx Asset-Light)
High
SEC-XBRL
sec_cik
0001288403
High
SEC-EDGAR
ticker
WTI
High
SEC-EDGAR