W&T Offshore Inc. has its eyes on acquisition opportunities as the Houston-based offshore player takes proactive steps to navigate the downturn, reducing costs and closely managing capital spending, according to the company’s top executive.

“Shareholders should expect to see more acquisitions in the future,” Tracy Krohn, chairman and CEO of W&T, told analysts on an earnings call June 23.

Within the past year, the company added to its shallow and deepwater acreage, focused in the U.S. Gulf of Mexico (GoM).

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Offshore