W&T Offshore Declares Dividend On Common Stock

HOUSTON, May 7 /PRNewswire-FirstCall/ -- W&T Offshore, Inc. (NYSE: WTI) announced that its Board of Directors declared a regular cash dividend of $0.03 per share, payable to the holders of the Corporation's common shares. The dividend will be payable on July 1, 2008 to shareholders of record on May 20, 2008.

About W&T Offshore

Founded in 1983, W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico, including exploration in the deepwater and deep shelf regions, where it has developed significant technical expertise. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over 155 fields in federal and state waters and a majority of its daily production is derived from wells it operates. For more information on W&T Offshore, please visit its Web site at http://www.wtoffshore.com

     Contacts:
     Manuel Mondragon, Vice President of Finance
     investorrelations@wtoffshore.com
     713-297-8024

     Ken Dennard  / ksdennard@drg-e.com
     Lisa Elliott / lelliott@drg-e.com
     DRG&E / 713-529-6600

SOURCE W&T Offshore, Inc.

Released May 7, 2008