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W&T Offshore Declares Dividend On Common Stock

HOUSTON, Aug. 5 /PRNewswire-FirstCall/ -- W&T Offshore, Inc. (NYSE: WTI) announced today that its Board of Directors declared a regular cash dividend of $0.03 per share, payable to the holders of the Corporation's common shares. The dividend will be payable on September 5, 2008 to shareholders of record on August 20, 2008.

About W&T Offshore

Founded in 1983, W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico, including exploration in the deepwater, where it has developed significant technical expertise. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over 155 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 Statements

This 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 and other factors discussed in our Annual Report on 10-K for the year ended December 31, 2007 (www.sec.gov).

Contacts: Manuel Mondragon, Vice President of Finance investorrelations@wtoffshore.com 713-297-8024

Dennard / ksdennard@drg-e.com Lisa Elliott / lelliott@drg-e.com DRG&E / 713-529-6600

SOURCE W&T Offshore, Inc. 08/05/2008 CONTACT: Manuel Mondragon, Vice President of Finance of W&T Offshore +1-713-297-8024, investorrelations@wtoffshore.com; Ken Dennard ksdennard@drg-e.com, or Lisa Elliott, lelliott@drg-e.com, both of DRG&E +1-713-529-6600 /Web site: http://www.wtoffshore.com (WTI)