W&T Offshore Declares And Increases Regular Quarterly Cash Dividend
HOUSTON, Nov. 7, 2013
HOUSTON, Nov. 7, 2013 /PRNewswire/ --W&T Offshore, Inc. (NYSE: WTI) announced
today that its Board of Directors increased the regular cash quarterly
dividend from $0.09 per share to $0.10 per share, payable to the holders of
the Corporation's common shares. The dividend will be payable on December 3,
2013, to the shareholders of record on November 18, 2013.
Tracy W. Krohn, Chairman and Chief Executive Officer, commented, "The solid
results of our third quarter of 2013 are reflected in our strong cash flow
generation. We are pleased to be able to continue our policy of rewarding our
shareholders by increasing our regular quarterly dividend."
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 67 offshore fields in federal and state waters (60 producing and
seven fields capable of producing). W&T currently has under lease
approximately 1.3 million gross acres, including approximately 0.6 million
gross acres on the Gulf of Mexico Shelf, approximately 0.5 million gross acres
in the deepwater and approximately 0.2 million 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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