W&T Offshore, Inc. Quarterly report pursuant to Section 13 or 15(d)

^[1]

$ 77,658

$ 21,086

^[2]

49,550

34,435

^[1]

177,298

81,456

63,318

37,989

Open Contracts [Member]

73,090

19,215

49,550

34,435

157,348

73,190

$ 63,318

$ 37,989

[1]	^{Includes closed contracts which have not yet settled.}
[2]	^{Includes open contracts and prepaid premiums paid for purchased put and call options.}

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

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