HOUSTON, March 20 /PRNewswire-FirstCall/ -- W&T Offshore, Inc. (NYSE: WTI)
today announces that it was the apparent high bidder on four Outer Continental
Shelf (OCS) blocks in the Central Gulf of Mexico Lease Sale 208 held on March
18, 2009 by the U.S. Minerals Management Service (MMS). The four apparent
high bids were on Ship Shoal Block 360, Ship Shoal Block 367, South Timbalier
Block 304 and Main Pass Block 284, all on the conventional shelf. Three of
the four blocks are near existing infrastructure. W&T Offshore's investment
on the high bids will be approximately $0.7 million, which reflects a 100%
working interest. High bids are subject to MMS review and acceptance.
About W&T Offshore
W&T Offshore is an independent oil and natural gas company focused
primarily in the Gulf of Mexico, including exploration in the deepwater and
deep shelf regions, where it has developed significant technical expertise.
W&T has grown through acquisition, exploitation and exploration and now holds
working interests in over 148 fields in federal and state waters and a
majority of its daily production is derived from wells it operates. For more
information on W&T Offshore, please visit its Web site at www.wtoffshore.com.
Forward-Looking StatementsThis press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These forward-looking
statements reflect our current views with respect to future events, based on
what we believe are reasonable assumptions. No assurance can be given,
however, that these events will occur. These statements are subject to risks
and uncertainties that could cause actual results to differ materially
including, among other things, market conditions, oil and gas price
volatility, uncertainties inherent in oil and gas production operations and
estimating reserves, unexpected future capital expenditures, competition, the
success of our risk management activities, governmental regulations,
uncertainties and other factors discussed in our Annual Report on 10-K for the
year ended December 31, 2008 (www.sec.gov).
Manuel Mondragon, Vice President, Finance
Ken Dennard / firstname.lastname@example.org
Lisa Elliott / email@example.com
DRG&E / 713-529-6600
SOURCE W&T Offshore, Inc.
CONTACT: Manuel Mondragon, Vice President, Finance of W&T Offshore
Inc., +1-713-297-8024, firstname.lastname@example.org; or Ken Dennardksdennard@drg-e.com, or Lisa Elliott, email@example.com, both of DRG&E
+1-713-529-6600, for W&T Offshore, Inc.
/Web Site: http://www.wtoffshore.com