W&T Offshore Inc. appointed Sameer Parasnis to executive vice president and CFO, the company said in a June 22 press release. The appointment is effective starting July 3.
Parasnis has served in various roles in the financial and operational sectors for over 25 years. Before joining W&T, he served as managing editor of Stifel Financial Corp.’s Energy & Energy Transition team in Houston. He has also worked for companies such as Credit Suisse, Reliance Industries Ltd. and Citigroup.
“Sameer has served as a trusted financial advisor to W&T over the years on key strategic initiatives of the company, including our drilling joint venture and corporate debt refinancing in 2018, the non-recourse term loan financing with Munich Re Reserve Risk Financing, Inc. in 2021, as well as our opportunistic at-the-market equity offering in 2022,” said Tracy Krohn, chairman and CEO of W&T. “We are confident that his experience with both W&T’s business and our senior management team will allow a smooth transition into this new role.”
W&T is an independent E&P primarily based in the Gulf of Mexico.
Recommended Reading
CEO: Continental Adds Midland Basin Acreage, Explores Woodford, Barnett
2024-04-11 - Continental Resources is adding leases in Midland and Ector counties, Texas, as the private E&P hunts for drilling locations to explore. Continental is also testing deeper Barnett and Woodford intervals across its Permian footprint, CEO Doug Lawler said in an exclusive interview.
Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones
2024-04-29 - Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
E&P Highlights: April 29, 2024
2024-04-29 - Here’s a roundup of the latest E&P headlines, including a new contract award and drilling technology.
Sinopec Brings West Sichuan Gas Field Onstream
2024-03-14 - The 100 Bcm sour gas onshore field, West Sichuan Gas Field, is expected to produce 2 Bcm per year.
Orange Basin Serves Up More Light Oil
2024-03-15 - Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.