W&T Offshore Investor Presentation — December 2021

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38+ Years of Industry Leadership

in the Gulf of Mexico

Capital One Securities

16th Annual Energy Conference

December 6, 2021 NYSE: WTI 2 Forward -Looking Statement Disclosure

This presentation, contains “forward -looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 , Section 27A of the Securities Act and Section 21E

of the Exchange Act. Forward -looking statements give our current expectations or forecasts of future events . They include statements regarding our future operating and financial

performance . Although we believe the expectations and forecasts reflected in these and other forward -looking statements are reasonable, we can give no assurance they will prove to

have been correct . They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties, many of which are described under “Risk factors” in our Annual

Report on From 10-K for the year ended December 31, 2020 available on our website and at www.sec.gov. You should understand that the following important factors, could affect

our future results and could cause those results or other outcomes to differ materially from those expressed or implied in the forward -looking statements relating to: (1) amount, nature

and timing of capital expenditures ; (2) drilling of wells and other planned exploitation activities ; (3) timing and amount of future production of oil and natural gas; (4) increases in

production growth and proved reserves ; (5) operating costs such as lease operating expenses, administrative costs and other expenses ; (6) our future operating or financial results ;

(7) cash flow and anticipated liquidity ; (8) our business strategy, including expansion into the deep shelf and the deepwater of the Gulf of Mexico, and the availability of acquisition

opportunities ; (9) hedging strategy ; (10) exploration and exploitation activities and property acquisitions ; (11) marketing of oil and natural gas; (12) governmental and environmental

regulation of the oil and gas industry ; (13) environmental liabilities relating to potential pollution arising from our operations ; (14) our level of indebtedness ; (15) timing and amount of

future dividends ; (16) industry competition, conditions, performance and consolidation ; (17) natural events such as severe weather, hurricanes, floods, fire and earthquakes ; and (18)

availability of drilling rigs and other oil field equipment and services .

We caution you not to place undue reliance on these forward -looking statements, which speak only as of the date of this presentation or as of the date of the report or document in