W&T Offshore Investor Presentation — June 2022

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Four Decades of Industry Leadership

in the Gulf of Mexico

June 23, 2022 NYSE: WTI 2 Forward -Looking Statement Disclosure

The information contained in this presentation has been provided by W&T Offshore, Inc. ("W&T," the "Company," “we,” “our” or “us”) and has not been verified independently . Unless otherwise stated, W&T is the source of the

information . 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 Form 10-K for the year ended December 31, 2021 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