07:22 AM EDT, 06/17/2025 (MT Newswires) -- W&T Offshore ( WTI ) said Tuesday that it has reached a settlement agreement with two of its largest surety providers, locking in its premium rates through 2026.

Under the agreement, the surety providers will withdraw their current collateral demands and may not make additional collateral demands or increase premiums through Dec. 31, 2026, W&T Offshore ( WTI ) said.

The company's shares were up more than 4% in recent premarket activity Tuesday.