Texas-based independent oil and natural gas producer W&T Offshore has implemented a stock repurchase program authorized by its board whereby the company may repurchase up to $25 million of its shares of common stock from time to time.

At March 12, 2009, the company had outstanding 77,405,107 shares of its common stock.

Under the program, shares may be purchased from time to time at prevailing prices in the open market, in block transactions, in privately negotiated transactions, or accelerated share repurchase programs through December 31, 2009, in accordance with Rule 10b-18 of the Securities and Exchange Commission.

Repurchases will be funded with cash on hand. Depending on market conditions and other factors, these purchases may be commenced or suspended at any time, or from time-to-time, without prior notice.