However, the loss was smaller than the $260 million hit the Houston-based company reported last year.
The company booked a $104.6 million write-down on its oil and gas properties related to a "significant reduction in the market value" of oil, natural gas and natural gas liquids, W&T said. That is lower than last year's write down of $253 million.
W&T also suffered a $5 million loss on derivative contracts compared to $1 million a year ago.
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