W&T Offshore Declares Special Cash Dividend

W&T Offshore announced that its Board of Directors on November 3, 2008 declared a special cash dividend of $20.84 million (approximately $0.2729 per share based on shares outstanding on declaration date), payable to the holders of the Corporation's common shares.

The special dividend will be payable on December 22, 2008 to shareholders of record on December 1, 2008, on the basis of the total number of shares held by each shareholder rounded off to the nearest cent.