News Release

<< Back

W&T Offshore Declares Quarterly Dividend on Common Stock

HOUSTON, Oct. 31, 2011 /PRNewswire via COMTEX/ --

W&T Offshore, Inc. (NYSE: WTI) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.04 per share, payable to the holders of the Corporation's common shares. The dividend will be payable on December 1, 2011, to the shareholders of record on November 16, 2011.

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 Offshore has recently diversified its operations by expanding onshore into the Permian Basin. W&T Offshore has grown through acquisitions, exploitation and exploration, holds working interests in approximately 67 fields in federal and state waters, and has approximately 173,000 net acres under lease onshore. 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.

Contacts:
Mark Brewer, Investor Relations
investorrelations@wtoffshore.com
713-297-8024

Danny Gibbons, SVP & CFO
jgibbons@wtoffshore.com
713-624-7326

SOURCE W&T Offshore, Inc.