W&T Offshore Inc. (NYSE: WTI) said Nov. 6 that Janet Yang has been appointed executive vice president and CFO of the Houston-based company focused in the U.S. Gulf of Mexico.
Yang has roughly 16 years of finance, investment and strategy experience in the energy industry, including 10 years with W&T. She was recently appointed as acting CFO following the retirement of the company’s previous CFO, J. Daniel “Danny” Gibbons, in August.
Tracy Krohn, W&T Offshore’s chairman and CEO, said he was pleased to have Yang permanently move into the CFO role at the company.
“Janet has demonstrated strong leadership in key strategic initiatives of the company over the years, including our recently successful corporate debt reduction and refinancing as well as our drilling joint venture announced earlier this year,” Krohn said in a statement. “We appreciate her hard work and have complete confidence in her abilities to continue to effectively lead our financial operations.”
Additionally, W&T announced on Nov. 6 that Thomas P. Murphy, senior vice president and COO who joined the company in 2012, has left W&T and vice presidents David M. Bump and William J. Williford will be assuming his duties.
As a result, Bump and Williford have both been promoted; Bump as the company’s executive vice president of drilling, completions and facilities and Williford as executive vice president and general manager of Gulf of Mexico.
Bump joined W&T Offshore in 2014 and brings with him 25 years of domestic and international industry experience with both small and large independent operators, including Anadarko Petroleum Corp. (NYSE: APC) as well as Kerr-McGee Oil and Gas prior to its merger with Anadarko.
Williford joined W&T Offshore in 2006 and has served in various positions of increasing responsibility with the company. Overall, he has more than 20 years of oil and gas technical experience with large independents in the Gulf of Mexico and domestic onshore, including at Kerr-McGee and Oryx Energy.
Krohn commented that he is confident that Bump and Williford will continue to create value for the company going forward.
“While we appreciate Tom's many contributions over the last several years and wish him well in his next endeavors, David and William are well prepared and have assumed his previous responsibilities to advance our growth,” he said.
W&T Offshore is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico. The company currently has working interests in 48 producing fields in federal and state waters and has under lease about 650,000 gross acres, including roughly 440,000 gross acres on the Gulf of Mexico Shelf and 210,000 gross acres in the deep water.