Leadership & Pay ·
W&T Offshore, Inc. entered into a First Amendment to the Amended and Restated Employment Agreement with Tracy W.…
WTIW&T Offshore Inc
W&T Offshore, Inc. entered into a First Amendment to the Amended and Restated Employment Agreement with Tracy W. Krohn, its Chief Executive Officer, President, and Chairman of the Board. The amendment establishes that Mr. Krohn’s annual base salary will be no less than $1,000,000, subject to annual review by the Board, with provisions allowing for increases but prohibiting decreases. This compensation adjustment is effective as of April 20, 2023. W&T Offshore operates in the oil and gas industry, focusing on offshore exploration and production.