W&T Offshore Declares Quarterly Dividend on Common Stock

HOUSTON, Feb. 27 /PRNewswire-FirstCall/ -- W&T Offshore, Inc. (NYSE: WTI) announced that its Board of Directors on February 25, 2009 declared a regular cash quarterly dividend of $0.03 per share, payable to the holders of the Corporation's common shares. The dividend will be payable on March 20, 2009, to the shareholders of record on March 2, 2009.

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 and deep shelf regions, where it has developed significant technical expertise. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over 155 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 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.

Released February 27, 2009