W&T Offshore Investor Presentation — May 2024

Document content

PRESENTATIONW&T OFFSHORE | NYSE:WTI DISCLAIMER

2The 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 of 1933 , as amended (the

“Securities Act”) and Section 21E of the Securities Exchange Act of 1934 . 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,

2023 , available on our website and at www .sec.gov. You should understand that such risk 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