W&T Offshore Strategic Overview

P&A EXPENDITURES1 ($MM) $120 $112.8 $100 $80 $81.5 $74.3 $72.3 $72.4 $76.2 $60 $60.0 $40 $32.6 $20 $28.6. $30.0 $27.3 $11.4 $3.3 $- 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E² 1) Net of amounts held in escrow (total of $21.5 MM) 2) Midpoint of 2023 plugging and abandonment expenditures guidance of $25-$35 million 32 W&T OFFSHORE | NYSE:WTI W&T OFFSHORE

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