07:08 AM EDT, 10/11/2024 (MT Newswires) -- W&T Offshore ( WTI ) has filed Friday a new Form S-3 registration statement with the Securities and Exchange Commission to sell up to $500 million in mixed securities, in one or more offerings.

W&T Offshore ( WTI ) said it intends to use the proceeds from the sale for general corporate purposes.

Additionally, the company's founder Tracy W. Krohn, the selling shareholder, may resell up to 50,605,082 shares of common stock, according to the filing.