March 1, 2010 (FinancialWire) — W&T Offshore, Inc.’s (NYSE: WTI) board of directors has declared a regular cash quarterly dividend of $0.03 per share, payable to the holders of the corporation’s common shares. The dividend will be payable on March 27, 2010, to the shareholders of record on March 12, 2010.

Texas-based W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico, including exploration in the deepwater and deep shelf regions.

The company holds working interests in around 82 fields, in federal and state waters and a said that majority of its daily production is derived from wells it operates.

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