W&T Offshore Declares Dividend On Common Stock

HOUSTON, Aug. 5 /PRNewswire-FirstCall/ -- W&T Offshore, Inc. (NYSE: WTI)
announced today 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 September 5, 2008 to shareholders of record on
August 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, 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 www.wtoffshore.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements reflect our current
views with respect to future events, based on what we believe are reasonable
assumptions. No assurance can be given, however, that these events will
occur. These statements are subject to risks and uncertainties that could
cause actual results to differ materially including, among other things,
market conditions, oil and gas price volatility, uncertainties inherent in oil
and gas production operations and estimating reserves, unexpected future
capital expenditures, competition, the success of our risk management
activities, governmental regulations and other factors discussed in our Annual
Report on 10-K for the year ended December 31, 2007 (www.sec.gov).
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.

Manuel Mondragon, Vice President of Finance of W&T Offshore, +1-713-297-8024,
investorrelations@wtoffshore.com; Ken Dennard, ksdennard@drg-e.com, or Lisa
Elliott, lelliott@drg-e.com, both of DRG&E, +1-713-529-6600