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W&T Offshore Closes 8.500% Senior Notes Exchange Offer

            W&T Offshore Closes 8.500% Senior Notes Exchange Offer

PR Newswire

HOUSTON, Feb. 20, 2013

HOUSTON, Feb. 20, 2013 /PRNewswire/ -- W&T Offshore, Inc. (NYSE:WTI) (the
"Company") announced today that it has closed the exchange offer relating to
its 8.500% Senior Notes Due 2019. The Company's offer to exchange up to
$300,000,000 aggregate principal amount of its 8.500% Senior Notes Due 2019
("Old Notes") that were not registered under the Securities Act of 1933, as
amended (the "Securities Act"), for an equal principal amount of its 8.500%
Senior Notes Due 2019 ("New Notes") that have been registered under the
Securities Act, expired at 5:00 p.m., New York City time, on February 19,
2013. On February 20, 2013, the Company closed the exchange offer. The
Company received and accepted tenders of 100% of the Old Notes that were
outstanding.

About W&T Offshore, Inc.

W&T Offshore, Inc. is an independent oil and natural gas producer with
operations offshore in the Gulf of Mexico and onshore in both the Permian
Basin of West Texas and in East Texas. We have grown through acquisitions,
exploration and development and currently hold working interests in
approximately 72 offshore fields in federal and state waters (69 producing and
three fields capable of producing). W&T currently has over 1.4 million gross
acres under lease including over 710,000 gross acres on the Gulf of Mexico
Shelf, over 480,000 gross acres in the deepwater and over 221,000 gross acres
onshore in Texas. 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.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements reflect our current
views with respect to future events, based on what we believe are reasonable
assumptions. No assurance can be given, however, that these events will occur.
These statements are subject to risks and uncertainties that could cause
actual results to differ materially including, among other things, market
conditions, oil and gas price volatility, uncertainties inherent in oil and
gas production operations and estimating reserves, unexpected future capital
expenditures, competition, the success of our risk management activities,
governmental regulations, uncertainties and other factors discussed in W&T
Offshore's Annual Report on Form 10-K for the year ended December 31, 2011 and
subsequent Form 10-Q reports found at www.sec.gov.

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
 
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