W&T Declares Dividend on Common Stock

W&T Offshore, Inc. said that its board 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 August 1, 2006, to shareholders of record on July 14, 2006.

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 deep water, where it has developed significant technical expertise. W&T has grown through acquisition, exploitation, and exploration and now holds working interests in over 100 fields in federal and state waters and a majority of its daily production is derived from wells it operates.