Even before oil and gas prices started to slide in 2014, W&T Offshore‘s (NYSE: WTI)Â financials weren’t showing a company in the best of health. It was spending loads of money on its offshore assets in the Gulf of Mexico, and loading up on debt in the process. This issue was exacerbated in the past several quarters, and this quarter the company started to make moves that show serious signs of stress. Let’s take a quick look at the most recent results from W&T Offshore and whether or not its actions are actually helping.