SEC Filings


10-Q
W&T OFFSHORE INC filed this Form 10-Q on 05/04/2017
Entire Document
 

 

 

 

(b)

Reserve Growth – total proven reserves at YE 2017 (MMBoe); and taking into consideration the effect of property sales year over year, if applicable as approved by the Compensation Committee.  (Measurement rounded to the nearest 1/10th decimal)

Performance Level

Points

Maximum:  85 MMBoe or greater

30

Target:   78 MMBoe

15

Threshold:  75 MMBoe

7.5

Below Threshold

0

 

 

(c)

Combined LOE & G&A:  At YE2017, the combined LOE and G&A per Boe (both measurements excluding hurricane expenses, insurance credits for such expenses and/or other extraordinary event, as approved by the Compensation Committee).

(Measurement rounded to the nearest cent)

Performance Level

Points

Maximum:  Combined LOE and G&A per Boe of production is $13.00 or less/Boe

50

Target:  Combined LOE and G&A per Boe of production is $15.00/Boe

25

Threshold:  Combined LOE and G&A per Boe of production is $16.00/Boe  

12.5

Below Threshold

0

 

Part 2. Company and Individual Performance Criteria

Target  Criteria

Percentage of Weight Relative to your Total Potential Award

Points

Overall Company Performance Conditions

 

 

2017 Adjusted EBITDA Margin Percentage of  50%

20%

0-40

 

 

 

Individual Performance Conditions

 

 

Individual Performance as assessed by management for year 2017

15%

0-30

 

 

 

A-2

Executive (2017):