Deepwater Portfolio Expansion and Upside Potential

SUCCESSFUL PARTICIPATION IN VALUABLE DEEPWATER PROJECTS • ⚫ W&T's deepwater portfolio was expanded and diversified with Magnolia (2019) as its latest addition • W&T operates and participates in various deepwater production facilities, including TLPS, E-TLPS, SPARS, deepwater fixed structures, and sub-sea tiebacks 0 1,000' EW910 557' Virgo 1,130' Medusa 2,223' Matterhorn Neptune 2,850' 4,216' Magnolia 4,700' Heidelberg 5,310' 2,000' Tahoe 1,001' E P.Play 1,847' 3,000' Gladden 2,785' 4,000' 5,000'- 6,000' 7,000' 30 W&T OFFSHORE | NYSE:WTI Big Bend 7,018 Dantzler 6,555' W&T OFFSHORE

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