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W&T Offshore sets $1 million salary floor for CEO Tracy Krohn as Gulf independents weigh retention costs

8/9/2026

Retention economics for executive leadership at independent Gulf of Mexico producers have grown more pointed as the sector works through a period of compressed margins and shelf consolidation.

Against that backdrop, W&T Offshore, Inc. (NYSE: WTI) filed a Form 8-K with the Securities and Exchange Commission on August 5, 2026, disclosing an amendment to its employment agreement with Tracy W.

Krohn, the company's Chief Executive Officer, President, and Chairman of the Board, that sets his annual base salary at no less than $1 million.

Amendment terms The change constitutes the first amendment to an amended and restated employment agreement with Krohn that took effect April 20, 2023.