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W&T Offshore Declares Special Cash Dividend on Common Stock

HOUSTON, Dec. 7, 2011 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) announced that its Board of Directors on December 6, 2011 declared a special cash dividend of $0.63 per share, payable to the holders of the Corporation's common shares.  The special dividend will be payable on December 29, 2011 to shareholders of record on December 19, 2011.

About W&T Offshore

W&T Offshore, Inc. 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 recently diversified its operations by expanding onshore into the Permian Basin and into East Texas. W&T 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 offshore.  For more information on W&T, please visit its Web site at www.wtoffshore.com.  

Contact:

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

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

SOURCE W&T Offshore, Inc.