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W&T Offshore Declares Dividend on Common Stock

HOUSTON, March 8 /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 May 1, 2007 to shareholders of record on April 13, 2007.

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, including exploration in the deepwater and deep shelf regions. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over 200 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 http://www.wtoffshore.com

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

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

SOURCE W&T Offshore, Inc.