W&T Offshore Prices Initial Public Offering

W&T Offshore Prices Initial Public Offering
Begins Trading Under New York Stock Exchange Symbol 'WTI' 


HOUSTON, Jan. 28  /PRNewswire-FirstCall/ -- W&T Offshore, Inc. (NYSE:WTI)
announced today that its Initial Public Offering of 12.65 million shares priced
at $19.00 per share and begins trading under the ticker symbol WTI on the New
York Stock Exchange.  All shares in the offering were sold by shareholders.  In
addition, the selling shareholders, including members of management and
Jefferies & Company, Inc., have granted the underwriters a 30- day option to
purchase up to an additional 1.90 million shares of common stock held by them
to cover over-allotments.

The offering was made through an underwriting syndicate led by Lehman Brothers
Inc. and Jefferies & Company, Inc. who acted as joint book-running managers. 
J.P. Morgan Securities, Inc., Raymond James & Associates, Inc., RBC Capital
Markets Corporation and Harris Nesbit Corp. acted as co-managers.

This press release is not an offer to sell, nor the solicitation of any offer
to buy, any securities.  Any offer will be made by means of the prospectus.  A
copy of the final prospectus relating to the offering may be obtained by
contacting the prospectus department of Lehman Brothers Inc., c/o ADP Financial
Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood,
New York 11717.

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.

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 Registration Statement on Form
S-1 filed with the Securities and Exchange Commission (http://www.sec.gov/).

   Contacts:
   Manuel Mondragon, Assistant Treasurer
   
   713-297-8024

   Ken Dennard  / 
   Lisa Elliott / 
   DRG&E / 713-529-6600


DATASOURCE: W&T Offshore, Inc.



CONTACT:  Manuel Mondragon, Assistant Treasurer of W&T Offshore, Inc.,

, or [phone]; or Ken Dennard,

, or Lisa Elliott, , both of DRG&E,

[phone], for W&T Offshore, Inc.

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