W&T Offshore Announces Its Second Special Cash Dividend In 2012

       W&T Offshore Announces Its Second Special Cash Dividend In 2012

PR Newswire

HOUSTON, Dec. 14, 2012

HOUSTON, Dec. 14, 2012 /PRNewswire/ --W&T Offshore, Inc. (NYSE: WTI)
announced today that its Board of Directors declared a special cash dividend
of$0.32per share, payable to the holders of the Corporation's common shares.
The special dividend will be payable onDecember 28, 2012to shareholders of
record onDecember 24, 2012.

This is the second special cash dividend declared for 2012 and brings the
total cash dividends declared for 2012 to $1.11 per share, an increase of
$0.32 per share over the $0.79 per share declared and paid in 2011.

About W&T Offshore
W&T Offshore, Inc. is an independent oil and natural gas producer focused
primarily in the Gulf of Mexico and Texas. We have grown through
acquisitions, exploration and development and currently hold working interests
in approximately 67 producing offshore fields in federal and state waters,
including the deepwater. During 2011, we expanded onshore into West Texas and
East Texas where we are actively pursuing exploration and development
activities. A substantial majority of our daily production is derived from
wells we operate offshore. For more information on W&T Offshore, please visit
our website at www.wtoffshore.com.

CONTACT: Mark Brewer                      Danny Gibbons
          Investor Relations               SVP & CFO
          investorrelations@wtoffshore.com investorrelations@wtoffshore.com
          713-297-8024                     713-624-7326

SOURCE W&T Offshore, Inc.

Website: http://www.wtoffshore.com