HOUSTON, Dec. 14, 2012 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) 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.
About W&T Offshore
W&T Offshore, Inc. is an independent oil and natural gas producer focused primarily in the Gulf of Mexico and Texas. We have grown through acquisitions, exploration and development and currently hold working interests in approximately 67 producing offshore fields in federal and state waters, including the deepwater. During 2011, we expanded onshore into West Texas and East Texas where we are actively pursuing exploration and development activities. A substantial majority of our daily production is derived from wells we operate offshore. For more information on W&T Offshore, please visit our website at www.wtoffshore.com.
SVP & CFO
SOURCE W&T Offshore, Inc.