W&T Offshore Declares Regular Quarterly Cash Dividend
HOUSTON, Feb. 27, 2013
HOUSTON, Feb. 27, 2013 /PRNewswire/ --W&T Offshore, Inc. (NYSE: WTI)
announced that its Board of Directors onFebruary 26, 2013 declared a regular
quarterly cash dividend of $0.08 per share, payable on March 29, 2013, to the
shareholders of record on March 15, 2013.
Tracy W. Krohn, Chairman and Chief Executive Officer, commented, "Our
operational success and a solid financial performance in 2012 generated solid
cash flow for the company. As such, we are able to continue rewarding our
shareholders with regular quarterly dividends."
About W&T Offshore
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 under lease over 1.4
million gross acres 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.
CONTACT: Mark Brewer Danny Gibbons
Investor Relations SVP & CFO
SOURCE W&T Offshore, Inc.
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