Hedge Program and Incremental Reserve Upside Potential

STRATEGIC CAPITAL ALLOCATION PLAN Organic Projects Focus on high rate of return projects and fields with multiple drilling opportunities that can generate cash flow quickly. Utilize GOM expertise and new technologies to identify and develop projects. Evaluate potential for joint venture funding Asset Acquisitions Pursue compelling producing assets generating cash flow at attractive valuations with upside potential and optimization opportunities Generate Shareholder Value Maintain a Prudent Balance Sheet and Debt Pay Down Use free cash flow to reduce debt, optimize the balance sheet and maintain financial flexibility Use Free Cash Flow to Grow Opportunistically and Reduce Debt 21 W&T OFFSHORE | NYSE:WTI W&T OFFSHORE

View entire presentation