W&T Offshore Closes 8.500% Senior Notes Exchange Offer

W&T Offshore, Inc. (NYSE: WTI) announced today that it has closed the exchange offer relating to its 8.500% Senior Notes Due 2019. The Company's offer to exchange up to $600,000,000 aggregate principal amount of its 8.500% Senior Notes Due 2019 that were not registered under the Securities Act of 1933, as amended, for an equal principal amount of its 8.500% Senior Notes Due 2019 that have been registered under the Securities Act, expired at 5:00 p.m., New York City time, on January 11, 2012. On January 12, 2012, the Company closed the exchange offer.

The Company received and accepted tenders of 100% of the Old Notes that were outstanding.