 HOUSTON, Jan. 11, 2021 GLOBE NEWSWIRE -- WT Offshore, Inc. NYSE: WTI WT or the Company today provided an operational and financial update regarding several matters including the consolidation of its two Alabama natural gas treatment facilities, the awarding of two blocks from the November 2020 federal Gulf of Mexico GOM lease sale, the semi-annual redetermination of the borrowing base under its revolving credit facility, and new crude oil hedges added. 