W&T Offshore Declares $0.32/Share Special Dividend

W&T Offshore, Inc.

announced today that its Board of Directors declared a special cash dividend of $0.32 per share, payable to the holders of the Corporation's common shares.  The special dividend will be payable on December 28, 2012 to shareholders of record on December 24, 2012.  This is the second special cash dividend declared for 2012 and brings the total cash dividends declared for 2012 to $1.11 per share, an increase of $0.32 per share over the $0.79 per share declared and paid in 2011.