W&T Offshore Strategic Overview

WHY INVEST IN W&T OFFSHORE? 1 Four Decades of Safe Operations in the Gulf of Mexico 2 3 Proven Track Record of Delivering Positive Cash Flows with 20 Consecutive Quarters of Positive Free Cash Flow Experienced Management Team With Industry-Leading Inside Ownership Ensuring Alignment of Incentives 4 Strong and Robust Liquidity and Leverage Metrics 5 Low Organic Finding and Discovery Costs Driven by Existing Infrastructure 6 Proven History of Realizing Probable and Possible Upside 7 Extensive Track Record of Creating Long-Term Value from Accretive, Low-Risk Acquisitions 8 Rigorous Technical Evaluation Resulting in High Drilling Success 24 W&T OFFSHORE | NYSE:WTI W&T OFFSHORE

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