W&T Offshore Declares Special Cash Dividend On Common Stock
HOUSTON, Dec. 11, 2013
HOUSTON, Dec. 11, 2013 /PRNewswire/ --W&T Offshore, Inc. (NYSE: WTI)
announced today that its Board of Directors declared a special cash dividend
of $0.42 per share, payable to the holders of the Corporation's common shares.
The special dividend will be payable on December 27, 2013 to shareholders of
record on December 23, 2013.
This special cash dividend brings the total cash dividends declared for 2013
to $0.78 per share.
Tracy W. Krohn, Chairman and Chief Executive Officer, commented, "During 2013,
we have continued to generate significant cash flow from operations. As such,
we are pleased to be able to reward our shareholders with another special
dividend. We will have paid special dividends in six of the past seven years,
with two special dividends paid in 2012."
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 71 offshore fields in federal and state waters (65 producing and
six 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 220,000 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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