W&T Offshore announces the retirement of Steve L. Schroeder and

HOUSTON, May 10, 2022 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that Stephen L. Schroeder, Senior Vice President and Chief Technical Officer, is retiring effective June 1, 2022. Mr. Schroeder joined W&T in 1998 as a Reservoir Engineer and has since held various leadership positions including Director of Production, Vice President of Production and Vice President principal and chief operating officer, until he assumes his current role. role in 2012. Prior to W&T, Mr. Schroeder worked at Exxon USA for 12 years.

Huan Gamblin, who currently serves as Director of Acquisitions and Divestitures, is promoted to Vice President of Business Development and will assume the majority of Mr. Schroeder’s responsibilities. Mr. Gamblin has 17 years of national and international industry experience, and he joined W&T in 2020. Prior to W&T, he was Head of Reservoir Engineering in Algeria at Occidental Petroleum. Prior to Occidental, Mr. Gamblin held increasing responsibilities in various engineering positions within the US onshore, Gulf Coast and international assets of Anadarko Petroleum. He is a graduate of the University of Texas and holds a bachelor’s degree in petroleum engineering.

Tracy W. Krohn, President and CEO, said, “Steve has been a valued member of our leadership team for over 24 years. During his tenure, he has served us well in various operational leadership roles and in recent years has been instrumental in the analysis and successful closing of many W&T acquisitions. We wish him the best in a well-deserved retirement. Steve has developed an experienced team that will continue to assist senior management in our ongoing search for accretive acquisitions. We are delighted to appoint Huan Gamblin, who has worked closely with Steve, as our new Vice President of Business Development.

About W&T Offshore
W&T Offshore, Inc. is an independent oil and natural gas producer with offshore operations in the Gulf of Mexico and has grown through acquisitions, exploration and development. As of March 31, 2022, the Company owned working interests in 47 fields in federal and state waters and had approximately 655,000 gross acres under lease, including approximately 474,000 gross acres on the Gulf of Mexico Shelf and approximately 181,000 gross acres in the Gulf of Mexico. deep waters. The majority of the Company’s daily production comes from the wells it operates. For more information about W&T, please visit the company’s website at www.wtoffshore.com.

CONTACT: Al Petrie
Investor Relations Coordinator
Brent Collins
Investor Relations Director

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