FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  KATZ STUART B
 2. Date of Event Requiring Statement (Month/Day/Year)
01/27/2005		 3. Issuer Name and Ticker or Trading Symbol
W&T OFFSHORE INC [WTI]
(Last)
(First)
(Middle)
C/O JEFFERIES CAPITAL PARTNERS, 520 MADISON AVE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10022		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 10,123,806
I
(1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KATZ STUART B
C/O JEFFERIES CAPITAL PARTNERS
520 MADISON AVE
NEW YORK, NY 10022		   X   X    

Signatures

Price W. Wilson, Attorney-in-fact 01/27/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
(1)  Mr. Katz has an interest in Jefferies Capital Partners (a/k/a FS Private Investments III LLC and

referred to hereinafter as "JCP").  JCP controls the investment and voting power in respect of all of the

10,123,806 shares of Common Stock disclosed herein (the "Total Shares") by virtue of its management

of three funds that directly hold such shares (the "JCP Funds"), including 7,054,218 shares that are

held by ING Furman Selz Investors III L.P.  Mr. Katz also has limited partnership interests in the JCP

Funds.  Mr. Katz, however, does not control JCP or the JCP Funds.  Mr. Katz disclaims beneficial

ownership of the Total Shares except to the extent of his proportionate pecuniary interest therein

resulting from his direct or indirect interests in JCP and the JCP Funds.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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