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

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Fair Value of Derivatives Financial Instruments and Long-Term Senior Notes

The following table presents the fair value of our derivative financial instruments, 8.50% Senior Notes and revolving bank credit facility for the periods indicated (in thousands).

		September 30, 2013
	Hierarchy	Assets		Liabilities			Assets			Liabilities
Derivatives	Level 2	$	317		$	9,050		$	—		$	9,401
8.50% Senior Notes	Level 2		—			977,625			—			963,000
Revolving bank credit facility	Level 2		—			137,000			—			170,000

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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