HOUSTON, Aug 02, 2010 /PRNewswire via COMTEX/ --
W&T Offshore, Inc. (NYSE: WTI) announced that its Board of Directors on August 2, 2010 increased the regular cash quarterly dividend to $0.04 per share from $0.03 per share, payable to the holders of the Corporation's common shares. The dividend will be payable on September 10, 2010, to the shareholders of record on August 20, 2010.
Tracy W. Krohn, Chairman and Chief Executive Officer, commented, "We are pleased to be able to increase our quarterly dividend and reward our shareholders for their ongoing support. This action reflects our continued confidence in W&T Offshore's ability to continue to generate strong cash flow."
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 acquisitions, exploitation and exploration and currently holds working interests in approximately 72 producing fields in federal and state waters. The majority of the Company's 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: Janet Yang, Finance Manager firstname.lastname@example.org 713-297-8024 Ken Dennard / email@example.com Lisa Elliott / firstname.lastname@example.org DRG&E / 713-529-6600
SOURCE W&T Offshore, Inc.