W&T Offshore completes conversion of revolving credit facility to reserve-based lending structure
WTI•W&T Offshore converted its $50 million revolving credit facility to a reserve-based lending facility under a second amendment to its credit agreement dated October 1, 2026. The initial borrowing base is $50 million, with a maximum credit amount of $100 million, and it will be redetermined semi-annually starting November 1, 2026.
1. Facility conversion
W&T Offshore converted its $50 million revolving credit facility to a reserve-based lending facility through a second amendment to its credit agreement dated October 1, 2026. The initial borrowing base is $50 million, with a maximum credit amount of $100 million. The borrowing base will be redetermined semi-annually starting November 1, 2026.
