W&T Offshore Is Apparent High Bidder on Five Gulf of Mexico Blocks

HOUSTON, March 18 /PRNewswire-FirstCall/ -- W&T Offshore, Inc. (NYSE: WTI) today announces that it was the apparent high bidder on five Outer Continental Shelf (OCS) blocks offered in the Central Gulf of Mexico Lease Sale 213 held on March 17 by the U.S. Minerals Management Service (MMS).  The five apparent high bids were on Main Pass Block 181 and on Mississippi Canyon Blocks 359 and 360, all on the conventional shelf (water depths of less than 500 feet), and on Viosca Knoll Blocks 779 and 867 in deepwater (water depths in excess of 500 feet).  W&T Offshore's investment will be approximately $8.7 million, which reflects a 100% working interest.  High bids are subject to MMS review and acceptance.

About W&T Offshore

W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico, including exploration in the deepwater and deep shelf regions, where it has developed significant technical expertise.  W&T has grown through acquisition, exploitation and exploration and holds working interests in approximately 77 fields, in federal and state waters and a majority of its daily production is derived from wells it operates.  For more information on W&T Offshore, please visit its Web site at www.wtoffshore.com.  

SOURCE W&T Offshore, Inc.