W&T Offshore CEO Tracy Krohn believes the company’s Mahogany Field in the U.S. Gulf of Mexico (GoM) has an additional 100 million barrels of reserves that is not on the books.

“This change alone would more than double [W&T’s] current proved reserves of 84 MMboe,” analysts with Seaport Global Securities said in a note.

The head of the GoM-focused company shared his thoughts while speaking at the EnerCom Oil and Gas Conference, which was live-streamed, earlier this week. His words were delivered as offshore operators continue improving economics, uncovering more resources with infrastructure-led exploration and improved seismic capabilities.

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